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Polymetals explorer Dreadnought Resources (ASX:DRE) has expanded the size of its WA-based Star of Mangaroon gold project acreage.
The landholding now reflects a total parcel 15km x 10km in size which Dreadnought notes grows with “each work program.”
Geotechs’ interpretations of a 10km long shear zone have now turned into a 15km x 10km zone with “strong gold-in-stream sediments.”
Surveys looking at these sediments are what have driven the landholding growth in recent history, according to the company on Wednesday – leaving geotechs with new prospective targets of interest in the south of the tenement.
A surface sampling regime has also kicked off.
Dreadnought’s Star of Mangaroon is so far defined by 12 drill targets already on the map for later testing and geotechs looking for more.
“An intensive re-interpretation of the geology of the area on the back of our detailed surveys including airborne magnetic and radiometric surveys, combined with the learnings from our target generation and target testing work,” Dreadnought chief Dean Tuck said.
“With our new structural interpretation, we are seeing strong evidence of an intrusion-related gold system with an orogenic overprint, similar to the Tintina Gold Belt in Alaska and Canada.”
DRE shares last traded at 1.8c.
