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- Dreadnought Resources (DRE) has intersected more volcanic massive sulphide (VMS) during its latest drill program at the Illaara Gold-VMS Project in Western Australia
- The company recently drilled 1102 metres across six holes at the site’s Rodney, Warspite, Bismarck and Reindler’s targets
- Dreadnought intersected massive sulphides at Rodney, Warspite and Reindler, and hit related geological formations at Bismark
- The company expects to receive the program’s pending assays throughout July
- Dreadnought Resources is down 8.33 per cent today, trading for 0.6 cents each
Dreadnought Resources (DRE) has intersected more volcanic massive sulphide (VMS) during its latest drill program at the Illaara Gold-VMS Project in Western Australia.
The company recently completed drilling at the site’s Rodney, Warspite, Bismarck and Reindler’s VMS targets. The program consisted of 1102 metres of drilling across six holes.
Dreadnought intersected massive sulphides at Rodney, Warspite and Reindler. Meanwhile, drilling at Bismark is believed to have passed through an exhalative horizon, a related geological feature.
Early examinations suggest the sulphides hit are pyrite and pyrrhotite, with trace amounts of chalcopyrite and sphalerite also present. Analysis also indicated that some of the higher sulphidised iron formations could potentially hold gold mineralisation, though this remains unconfirmed.
Now drilling at the targets is complete, the exploration team is performing a downhole electromagnetic survey, to outline surrounding conductive targets for the next round of drilling.
The company has also identified further gossans at the site’s EZ Hill and Hood zones. Gossans are highly-oxide rock formations, which often surround ore deposits and mineral veins. Taking the new findings into account, the company has outlined gossans and sulphides along 40 kilometres of strike at Illaara.
Dreadnought Managing Director, Dean Tuck, commented on the company’s recent drill work.
“These results are encouraging and indicate an extensive and active VMS system at Illaara. The results also indicate that our targeting method is successfully identifying massive sulphides. The drilling and DHEM results will now be used to vector in on possible higher tenor base metals areas of the system,” he said.
Dean went on to say the company expects to receive the pending gold assays throughout July.
Dreadnought Resources is down 8.33 per cent today, trading for 0.6 cents each at 11:00 am AEST.
