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- Dreadnought Resources (DRE) commences reverse circulation drilling at the Chianti-Rufina prospect, located within the Tarraji-Yampi Project in WA
- The program will include 19 holes for around 4010 metres, drilling at four prospects
- Notably, this will be the first drilling program at Chianti since 1972
- Additionally, Dreadnought also plans to undertake a fixed-loop electromagnetic survey this month to further define drill targets
- Ahead of market open, Dreadnought last traded at 3 cents per share
Dreadnought Resources (DRE) has commenced reverse circulation (RC) drilling at Chianti-Rufina, located within the Tarraji-Yampi Project in WA.
The program will include 19 holes for around 4010 metres with drilling eventually moving on from Chianti-Rufina to Fuso, Paul’s Find and Orion.
Drilling at Chianti-Rufina is expected to take a week.
Interestingly, this will be the first drilling program at Chianti since 1972.
Since reopening the Yampi Sound Defence Training Area to mineral exploration, the Tarraji-Yampi project has seen its first-ever application of modern geophysical and geochemical methods.
So far, work has defined multiple large scale geophysical and geochemical anomalies, which have never previously been tested.
Dreadnought also plans to undertake a fixed-loop electromagnetic survey this month to further define drill targets.
Managing Director Dean Tuck is looking forward to exploring the West Kimberley area.
“To say that we are excited about the potential of this program is an understatement,” Mr Tuck said.
Just before the trading day starts for the day, Dreadnought last traded at 3 cents per share.
