Dreadnought Resources Ltd (ASX:DRE) has confirmed the presence of high-grade gossans grading up to 10.5 percent copper, up to 9 percent zinc, up to 409 grams per tonne of silver and 1 gram per tonne of gold through mapping and sampling at the Tiger target area of its Mangaroon gold camp in Western Australia.
The gossans are defined as stacked and sub-cropping, stretching over 500 metres of strike, with results from individual gossans yielding the highest copper-gold and zinc-silver results to date.
These include 8.7 percent copper, 9.0 percent zinc, 40.7 grams per tonne silver and 1.0 grams per tonne of gold; and 10.5 percent copper, 4.6 percent zinc, 16.3 grams per tonne silver and 1.0 grams per tonne gold.
Moreover, rock chips and geochemical pathfinders have revealed a strong correlation of bismuth-cadmium-indium-molybdenum-antimony-selenium-tin-tellurium-tungsten (Bi-Cd-In-Mo-Sb-Se-Sn-Te-W) with the copper-gold and zinc-silver, leading Dreadnought explorers to suspect a volcanogenic massive sulphide (VMS) system at Tiger.
This would be the first time such a system has been identified in this region.
Managing director Dean Tuck said the discovery provided a prediction of good things for the gold camp, and the Tiger area in particular.
“Identifying a potential high-grade VMS system at Tiger comes on the back of a competitive EIS (exploration incentive scheme) grant and further underscores the potential of our Mangaroon area,” he said.
“Mapping, geochemical sampling and EM surveys are ongoing ahead of our planned 2024 drill programs.”
Dreadnought is planning to commence moving loop EM surveys at the site next month to help delineate targets for EIS co-funded drilling at Tiger, as well as undertaking an airborne EM survey and ongoing surface geochemical and mapping programs.
Dreadnought has been trading at 2.0 cents.