Dreadnought Resources (ASX:DRE) - Dreadnought Resources
Dreadnought Resources
Source: Dreadnought Resources
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  • Dreadnought Resources (DRE) intersects sulphides at the Tarraji-Yampi Project in WA’s Kimberley region
  • A diamond drill hole at the Texas target has intersected mostly pyrrhotite with minor pyrite and chalcopyrite within the Ruins Dolerite
  • A second hole is planned to further test an electromagnetic plate
  • A 19-hole reverse circulation drilling program over 4010 metres at the Fuso, Paul’s Find, Orion and Chianti-Rufina targets is expected to begin shortly
  • Shares closed at 2.4 cents apiece on June 30

Dreadnought Resources (DRE) has intersected sulphides at the Tarraji-Yampi Project in Western Australia’s Kimberley region.

Recent diamond drilling at the project’s Texas nickel-copper-platinum group element target has intersected sulphides hosted within the Ruins Dolerite.

Specifically, the first hole intersected mostly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres and was drilled into a 550-by-260-metre electromagnetic (EM) plate.

DRE is planning to complete a second hole by mid-July, some 150 metres northeast of the first and to a depth of 180 metres, to test this EM plate further down plunge.

Dreadnought Resources Managing Director Dean Tuck said the find was a great start to the company’s Kimberley exploration program.

“Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion,” he said.

Looking elsewhere, preparations for a reverse circulation program at the Fuso, Paul’s Find, Orion and Chianti-Rufina targets are underway with drilling on schedule to commence shortly.

The program will see 19 holes drilled over a combined 4010 metres, with further drilling updates and results planned throughout July and August.

Dreadnought Resources shares were trading at 2.4 cents apiece at market close on June 30.

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