Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck
Managing Director, Dean Tuck
Source: Dreadnought Resources
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  • Dreadnought Resources (DRE) said certain results have been delayed until February due to industry-wide obstructions
  • Activities are in ramping up with surveys commencing at the Nelson and Trafalgar copper-zinc-silver targets at Illaara
  • Drill planning for a JORC Resource at Metzke’s Find has been completed
  • Exploration drilling is planned for Kings iron ore, Spitfire gold and Nelson and Trafalgar copper-zinc-silver targets
  • Results of a sampling survey done on the Peggy Sue pegamite swarm have confirmed several clusters of high-grade tantalum mineralisation
  • Dreadnought is up 9.09 per cent trading at 3.6 cents per share

Dreadnought Resources (DRE) said certain results have been delayed until February due to industry-wide obstructions.

Despite these delays, activities are in ramping up with surveys commencing at the Nelson and Trafalgar copper-zinc-silver targets at Illaara.

In addition, drill planning for a JORC Resource at Metzke’s Find gold project has been completed.

Exploration drilling is planned for Kings iron ore, Spitfire gold and Nelson and Trafalgar copper-zinc-silver targets.

Dreadnought’s Managing Director Dean Tuck said the company is excited to be kicking off 2022 activities at Illaara starting with FLEM surveys over the Nelson and Trafalgar Cu-Zn-Ag targets.

“The RC drilling program at Illaara will include the shallow portions of Metzke’s Find to define a maiden JORC Resource, extensions of the Kings iron ore target undercover and along strike and the Spitfire gold target,” he said.

“While the drilling program is underway, a detailed drone ortho-imagery survey will provide high resolution data to assist with mapping and systematic sampling of the ~5km x ~1km Peggy Sue pegmatite swarm targeting lithium as well as already identified high-grade tantalum zones.

“We also look forward to the upcoming results of our REE and Ni-CuPGE programs at Mangaroon. With rare earths, there will be a focus on testing the high-grade Yin target and other ironstones as well as determining whether our five carbonatites are the potential source of the regional rare earth deposits.”

The Nelson target has a strong signature of gold, cadmium, indium, tin, and titanium and is defined by two discrete, highly magnetic anomalies.

The Nelson and Trafalgar targets expect results in February.

These two targets are expected to be tested as part of the wider Illaara RC drilling program in February and March.

The Peggy Sue pegmatite swarm was highlighted by a strong soil anomaly of lithium, caesium, tantalum, niobium, rubidium, beryllium, and tin in the southern area of Illaara.

Results of a sampling survey have confirmed several clusters of high-grade tantalum mineralisation.

This is indicative of a highly fertile pegmatite system.

Dreadnought were up 9.09 per cent trading at 3.6 cents per share at 10:47 am AEDT.

DRE by the numbers
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