- Dreadnought Resources (DRE) reports “successful” results from drilling at its Central Yilgarn project in Western Australia
- The company has received the assays from extensive drilling undertaken in April and May across three target areas
- The drill program extended gold at Metzke’s Find, confirmed a VMS base metals system at Nelson, and unearthed thick high-grade, goethite-hematite iron ore at Spitfire
- Dreadnought says early-stage work on the nickel and lithium potential of the project remains encouraging, with further work planned for 2023
- Dreadnought Resources shares last traded at 11.5 cents
Dreadnought Resources (DRE) has reported “successful” results from drilling at its Central Yilgarn project in Western Australia.
The company has received the assays from extensive drilling undertaken in April and May across the project area.
The drilling confirmed a fertile volcanogenic massive sulphide (VMS) base metals system at the Nelson target, where eight reverse circulation holes were drilled for 1550 metres.
Results from the program included one metre at 2.26 per cent zinc, 2.27 per cent lead, 53 grams per tonne (g/t) silver and 0.1 g/t gold from 157 metres.
The program also extended the gold at the Metzke’s Find area, where Dreadnought drilled 17 holes for 902 metres, and unearthed thick, high-grade, goethite-hematite iron ore at the Spitfire target, where three fence lines of reverse circulation drilling took place.
Metzke’s find returned assays of five metres at 6.4 g/t gold from 24 metres and six metres at 1.2 g/t gold from 66 metres. Spitfire hit 61 per cent iron, 0.98 per cent aluminium oxide and 2.99 per cent silicon dioxide.
“These results are a timely reminder of the potential at Central Yilgarn, which represents a significant opportunity in an underexplored region,” Dreadnought Managing Director Dean Tuck said.
“We view Central Yilgarn as a valuable project in the portfolio with the opportunity for commercialisation of a range of commodities and exploration success.
“Central Yilgarn will be progressed in the background while we continue to focus on rare earths at Mangaroon.”
Dreadnought said early-stage work on the nickel and lithium potential of the project remained encouraging, with further work planned for 2023.
Dreadnought Resources shares last traded at 11.5 cents.