- Dreadnought Resources (DRE) has identified multiple gold-in-soil anomalies over a 12-kilometre corridor at the Metzke’s Find Prospect
- The anomalies also hosted multi-element pathfinder associations such as silver, copper, zinc, arsenic, antimony, and tellurium.
- These anomalies were identified by the company’s recently completed soil survey that aimed to identify anomalies and outline targets for drilling later on in the year
- Managing Director Dean Tuck believes that these finds identify an orogenic gold system
- Dreadnought has jumped 20 per cent and shares are trading for 0.6 cents each
Dreadnought Resources (DRE) has identified multiple gold-in-soil anomalies over a 12-kilometre corridor at the Metzke’s Find Prospect.
The anomalies also hosted multi-elements pathfinder associations such as silver, copper, zinc, arsenic, antimony, and tellurium.
They have also potentially identified both a southern and northern extension from historic workings.
Further, several additional gold-in-soil anomalies were identified along other structures within the 12-kilometre corridor. These range from 1000 to 2500 metres in length and will be geologically mapped and sampled to outline further targets for drill testing.
These gold-in-soil anomalies were identified by Dreadnought’s recently completed fraction soil survey that aimed to identify anomalies and outline targets for reverse circulation (RC) drilling later on in the year.
Metzke’s Find is part of the Illaara Gold-VMS Project which is located 160 kilometres northwest from Kalgoorlie in Western Australia.
Metzke’s is made-up of historic workings which span over a length of 700 metres and it has seen limited exploration.
In March this year, a 12-hole RC program around the historic workings confirmed bedrock gold mineralisation.
Significant results include; two metres at 6.8g/t gold from 79 metres including one metre at 12.5g/t gold from 80 metres; and four metres at 1.9g/t gold from 64 metres including two metres at 3.1g/t gold from 64 metres.
“Our recent RC drilling around the historic workings at Metzke’s Find intersected high-grade gold and highlighted a number of deeper bedrock drill targets,” Managing Director Dean Tuck stated.
“In addition, geophysics and geochemistry have identified that the historic workings are part of a 12-kilometre long anomalous corridor. Our recent ultra-fine fraction soil survey over this corridor has resulted in multiple gold-in-soil anomaly’s with strong pathfinder associations indicative of an orogenic gold system,” he said.
“These gold-in-soil anomalies are significant in scale and will be geologically mapped and possibly infilled to further constrain targets for drill testing in 2020,” he added.
Dreadnought has jumped 20 per cent and shares are trading for 0.6 cents each at 12:48 pm AEST.