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- Dreadnought Resources (DRE) commences drilling at the C1-C5 rare earth element (REE) carbonatite prospects within its Mangaroon project in WA’s Gascoyne region
- Under the wide-spaced, first-pass reverse circulation drill program, Dreadnought will complete 83 holes for about 6600 metres
- The program will test carbonatites undercover, which the company believes could be the source of rare earth element intrusions
- Drilling is due to take six to eight weeks, with assays expected in the March quarter of 2023
- Shares in Dreadnought Resources are trading grey at 10.5 cents at 11:13 am AEST
Dreadnought Resources (DRE) has commenced drilling at the C1-C5 rare earth element (REE) carbonatite prospects within its Mangaroon project in WA’s Gascoyne region.
Under the wide-spaced, first-pass reverse circulation drill program, Dreadnought will complete 83 holes for about 6600 metres.
The program will test carbonatites undercover, which the company believes could be the source of rare earth element (REE) intrusions.
Dreadnought plans to kick off the drilling work with two fence lines across the C3 and C4 prospects before moving to wide-spaced drilling across all five carbonites.
The program is due to take six to eight weeks, with assays expected in the March quarter of 2023.
Managing Director Dean Tuck said he was excited to explore for the source of REE intrusions in the region.
“The next few months will be extremely exciting for Dreadnought shareholders as the team delivers our first pass wide-spaced program with an aim to discover a world-class carbonatite deposit,” he said.
In other news, Dreadnought has completed drilling at the Sabre and Y8 ironstones, with assays due in early November.
Additionally, the company has received high-grade rock chip assays from the outcropping ironstones at Y8, hitting total rare earth oxide grades of up to 8.02 per cent.
Shares in Dreadnought Resources were trading grey at 10.5 cents at 11:13 am AEST.
