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Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck
Managing Director, Dean Tuck
Sources: Dreadnought Resources
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  • Dreadnought Resources (DRE) flags the potential discovery of a large mineralised system at the Tarraji-Yampi Project in Western Australia
  • DRE has received initial results for 283 of 1542 samples collected from an 18-hole reverse circulation drilling program completed at the site
  • Results from the Orion, Grant’s Find and Fuso targets reportedly indicate a potentially large-scale copper-gold-silver-cobalt system
  • Remaining assays are expected in September and will help the company in planning a further drilling program across the targets next month
  • Shares closed at 4.6 cents on August 24

Dreadnought Resources (DRE) has flagged the potential discovery of a large mineralised system at the Tarraji-Yampi Project in Western Australia’s Kimberly region.

The company has received initial assays from an 18-hole reverse circulation drilling program completed at the site, in which a total of 1542 samples were collected and 283 rushed for analysis.

According to DRE, preliminary results returned from the Orion, Grant’s Find and Fuso targets indicate a potentially large copper-gold-silver-cobalt system that incorporates Rough Triangle.

Notably, best results from Orion included 12 metres at 1.6 per cent copper, 31.7 grams of silver per tonne (g/t) and 0.5g/t gold from 45 metres.

Meanwhile, drilling at Grant’s Find returned 10 metres at 2.3 per cent copper, 0.1 per cent gold and 0.03 per cent copper from 101 metres. This intercept contained four metres at 4.9 per cent copper, 0.2g/t gold and 0.07 per cent copper from 106 metres.

Dreadnought’s managing director Dean Tuck said confirming a potentially large-scale copper-gold-silver-cobalt-bismuth-antimony system was exciting.

“There is clearly unfinished business at all three targets – Orion, Grant’s Find and Fuso,” he said.

“At Orion, it would appear that we only nicked the edge of the target. At Grant’s Find we returned our best results to date and this area continues to build.

“Fuso surprised in the sense that we did not explain the magnetic anomaly while still intersecting mineralisation — a near miss.”

Mr Tuck confirmed remaining assays from the program were expected in September and would be incorporated into planning for DRE’s upcoming drill program covering all three targets next month.

Shares in Dreadnought Resources closed at 4.6 cents on August 24.

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