- Dreadnought Resources (DRE) intersects massive sulphides at the Orion Prospect within the Tarraji-Yampi Project in Western Australia
- Eight reverse circulation holes have been drilled to follow up on previous mineralisation and test for shallow supergene mineralisation
- Of the eight holes drilled, six intersected massive sulphides, confirming base metal mineralisation over a strike of 120 metres
- Reverse circulation drilling will now be undertaken at the Fuso and Grant’s Find prospects while downhole electromagnetic surveys are completed at Orion
- Shares in Dreadnought are up 2.70 per cent on the market and are trading at 3.8 cents at 11:38 am AEDT
Dreadnought Resources (DRE) has intersected massive sulphides at the Orion Prospect within the Tarraji-Yampi Project.
The Tarraji-Yampi Project lies in the West Kimberly region of Western Australia, 85 kilometres from Derby.
Eight reverse circulation (RC) holes, for 846 metres, have been drilled as part of a 23 hole, for 2411 metre, drilling program.
This drilling will follow up on previous massive sulphide intersections from hole KMRC017 which intersected 12 metres at 1.6 per cent copper, 0.5 grams of gold per tonne (g/t) and 31.7g/t silver.
The drilling will also test along strike, at depth and for shallow supergene mineralisation.
Of the eight holes drilled, six intersected massive sulphides, confirming base metal mineralisation over a strike of 120 metres which remains open in all directions.
Assay results are expected throughout November and December.
RC drilling will now be undertaken at the Fuso and Grant’s FInd prospects while downhole electromagnetic (EM) surveys are completed at Orion.
Managing Director Dean Tuck commented on the drilling program.
“We are off to an encouraging start with our drilling program at Orion. Strong mineralisation has been observed in six of eight holes with copper, cobalt and zinc sulphide mineralisation present,” Mr Tuck commented.
“Downhole EM is currently underway to assist with our targeting at Orion. Orion remains open in all directions.”
“Drilling at Fuso and Grant’s Find will commence tomorrow and will be followed by the balance of the Orion program on the back of the downhole EM results.”
Shares in Dreadnought were up 2.70 per cent on the market and were trading at 3.8 cents at 11:38 am AEDT.