Source: Dreadnought Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dreadnought Resources (DRE) has begun drilling within Lawrence’s Corridor, which is part of the Ilaara Gold-Copper-Iron Ore Project in WA
  • 48 holes, for 3760 metres, will be drilled to test 14 targets with gold in-soil anomalism and gold pathfinder elements
  • This follows a drilling program at other prospects within Ilaara, which showed signs of mineralisation
  • In addition to the reverse circulation program, Dreadnought is also conducting a sub-audio magnetic survey at Metzke’s Find to target mineralisation
  • Dreadnought is up 5.56 per cent and shares are trading at 1.9 cent

Dreadnought Resources (DRE) has begun drilling within Lawrence’s Corridor which is part of the Ilaara Gold-Copper-Iron Ore Project in WA.

The company will drill 48 holes, for 3760 metres, to test 14 targets with high gold-in-soil anomalisms and associated orogenic gold pathfinders.

While none of the targets have seen effective historical drilling, they have all shown encouraging signs of mineralisation associated with structural trends and high tenor gold in-soil anomalies with pathfinder association.

This reverse circulation (RC) program follows drilling at Bald Hill, Longmore’s Find, Black Oak and Little Dove, which showed signs of mineralisation. Full results from these areas are expected to be delivered over April and May.

“Drilling to date from Bald Hill, Longmore’s Find, Black Oak and Little Dove has been highly encouraging,” Managing Director Dean Tuck said.

“We are now looking forward to drilling the Lawrence’s Corridor and to receiving an ongoing stream of assay results in addition to results from extensive regional soil and geophysical surveys,” he added.

In addition to the RC drilling program, Dreadnought has started a sub-audio magnetic survey at Metzke’s Find, which will help with identifying and targeting mineralised structures. Once the survey has wrapped up, the company will undertake drilling at Metzke’s Find.

Dreadnought is up 5.56 per cent and shares are trading at 1.9 cents at 11:13 am AEDT.

DRE by the numbers
More From The Market Herald
Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck

" Dreadnought Resources (ASX:DRE) reports delays in results as activity ramps up

Dreadnought Resources (ASX:DRE) said certain results have been delayed until February due to industry-wide obstructions.

" Antilles Gold (ASX:AAU) establishes maiden mineral resource estimate

Antilles Gold (ASX:AAU) announced the company has established the Maiden Mineral Resource Estimate (MRE) for its…

" GTI Resources (ASX:GTR) restarts uranium field program at Thor

GTI Resources (ASX:GTR) expects to commence its 2022 field program next week at the Thor ISR…

" OZ Minerals (ASX:OZL) posts record FY revenue of $2.1b

OZ Minerals (OZL) delivers on 2021 production and costs; record $2.1 billion revenue.