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- Dreadnought Resources (DRE) identifies seven “high-quality” exploration targets through auger sampling work at its Tarraji-Yampi project in WA’s Kimberly region
- The company says the targets show similar geochemical signatures to the recent Orion discovery in the area
- Dreadnought has received results for over half of its auger samples and is expecting results from a further 724 samples from the low-impact exploration program next month
- The company is now planning to undertake additional target definition geophysical surveys prior to drilling in August/September
- Dreadnought shares are down 2.33 per cent to 4.2 cents at 10:09 am AEST
Dreadnought Resources (DRE) has identified seven “high-quality” exploration targets through auger sampling work at its Tarraji-Yampi project in WA’s Kimberly region.
The company said it had received results for over half of its auger samples from the low-impact exploration work, which was conducted across the Orion trend in the project area.
The seven targets highlighted from the sampling work show similar geochemical signatures to the recent Orion discovery and saw peak values of over 3000 parts per million of copper, lead, zinc and arsenic.
Dreadnought said each of these anomalies was associated with favourable lithostructural settings.
“Our wide-spaced, low-impact auger sampling program at Tarraji-Yampi has been a resounding success,” Dreadnought Managing Director Dean Tuck said.
“With just over half of the samples received, we have defined seven high-quality targets, all with similarities to our Orion discovery. Other targets could well emerge from the remaining auger samples.”
Dreadnought said it was expecting to receive results for a further 724 samples from the program next month.
The company is now planning to undertake additional target definition geophysical surveys prior to drilling in August/September.
Tarraji-Yampi is located within the Yampi Sound Training Area (YSTA) — a Commonwealth Defence Reserve around 80km from the port of Derby. The YSTA is the second-largest defence reserve in Australia and was off-limits to mineral exploration from 1978 to 2013.
Dreadnought shares were down 2.33 per cent to 4.2 cents at 10:09 am AEST.
