Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck
Managing Director, Dean Tuck
Source: Dreadnought Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dreadnought Resources (DRE) intersects multiple sulphide veins while diamond drilling the Texas target at the Tarraji-Yampi project in WA
  • Diamond core has been sent for analysis with the results expected in October
  • Downhole electromagnetic surveys are also planned for September to identify any off-hole conductors at Texas
  • Meanwhile, preparations for a second reverse circulation drilling program at Orion, Fuso and Grant’s Find are underway with work to start next month
  • Shares closed at 4.4 cents on August 30

Dreadnought Resources (DRE) has updated the market on progress at the Tarraji-Yampi Project in Western Australia’s West Kimberley region.

Diamond drilling at the project’s Texas target has reportedly intersected multiple remobilised sulphide veins in the second hole drilled.

These veins were dominated by nickeliferous pyrrhotite and minor chalcopyrite, hosted within the Ruins Dolerite along a sheared basal contact with underlying sediments.

The company’s managing director, Dean Tuck, said the veins possibly extended from a nickel-copper-platinum-group-element sulphide source.

“Given the pervasive hydrothermal alteration at Texas and at Tarraji-Yampi generally it is also possible that the system has been overprinted or modified by a later copper-gold system such as Orion, Fuso and Grants Find,” he said.

“We will undertake downhole electromagnetic (EM) surveys in September 2021 to identify any off-hole conductors.”

In the meantime, Mr Tuck said the company would continue preparations to resume drilling programs at the Orion, Fuso and Grant’s Find targets next month.

Diamond core from the current work at Texas has been dispatched for sampling with assay results anticipated in early October.

Dreadnought Resources shares closed at 4.4 cents on August 30, 2021.

DRE by the numbers
More From The Market Herald

" Latrobe Magnesium (ASX:LMG) progresses namesake plant in Q4

Latrobe Magnesium (ASX:LMG) progressed its namesake magnesium project in the December quarter.
ABx (ASX:ABX) - Incoming CEO, Dr Mark Cooksey

" ABx (ASX:ABX) appoints Dr Mark Cooksey as CEO

Emerging hi-technology and explorer-developer ABx (ASX:ABX) has appointed Dr Mark Cooksey as CEO, effective February 1.

" Silver Lake Resources (ASX:SLR) wins bid for TSX-listed Harte Gold

Silver Lake Resources (ASX:SLR) has won its bid to acquire TSX-listed gold mining company Harte Gold.
Tesoro Resources (ASX:TSO) - Managing Director, Zeff Reeves

" Tesoro Resources (ASX:TSO) identifies new gold zone at El Zorro

Tesoro Resources (ASX:TSO) makes new gold discovery at its 85 per cent-owned El Zorro gold project…