Kimberley, Western Australia
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  • High-grade rock chip results collected from the Chianti Target confirmed the extension of mineralised gossan
  • Intercepts of 6.55 metres at 1.23 per cent copper, 0.93 per cent lead, 2.85 per cent zinc and 32.2g/t silver from 36 metres from Chianti
  • Drilling approvals are advancing well with final approval expected in the September 2019 quarter

Dreadnought Resources has announced the results of surface rock chip sampling at the Chianti Target, which is located within the Tarraji-Yampi nickel-copper-gold project.

The Tarraji-Yampi project is located 90 kilometres northeast of Derby in the West Kimberly region of Western Australia.

It sits within a highly prospective Proterozoic mobile belt with known nickel, copper and gold mineralisation but has been off limits to exploration since the 1970s.

In 2013 the ground became available for exploration and Dreadnought secured a 800 square kilometre area of untouched outcropping mineralisation.

This recent rock chip samples were collected during the recent heritage and environmental surveys and confirmed the outcropping gossan is mineralised in copper, zinc, lead, tin, silver and gold along the entire strike of defined FLEM plates.

The Chianti target was originally defined by Australian Consolidate Minerals (ACM) in 1972.

A 2015 air borne electromagnetic (EM) survey highlighted an EM conductor beneath the 1972 ACM drilling.

A FLEM survey was recently completed over part of the air borne EM conductor and identified two strong EM plates.

The upper EM plate is 100 by 40 metres with a moderate to high conductivity of 900 siemens. The top of the plate is 25 metres below the surface and lines up with the historical ACM drill intercepts.

These intercepts include 6.55 metres at 1.23 per cent copper, 0.93 per cent lead, 2.85 per cent zinc and 32.2g/t silver from 36 metres.

The lower EM plate spans 160 by 80 metres and has a high conductivity of 2050 siemens.

Both of the EM plates are associated with outcropping and mapped gossans, covering almost 200 metres of strike.

When combined with the rock chips and previous drill intercepts thee EM plates create compelling and high priority drill targets for drill testing.

This recent rock chip sampling was designed to confirm mineralisation, characterise the lithologies and to provide a geochemical signature to the alteration.

Drilling approvals are advancing well and final approvals are expected in the September 2019 quarter.

Future works include commencing target definition exploration at Illaara, commencing diamond drilling at the Tarraji-Yampi project and commencing field exploration at Rocky Dam.

DRE by the numbers
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