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- Dreadnought Resources (DRE) begins a much-anticipated drilling program at its Tarraji-Yampi Project in far-north Western Australia
- Initial drilling will focus on the Texas nickel and copper prospect, where a single diamond hole will be drilled to 140 metres
- Drilling will then move to the Orion prospect, before focusing on the Fuso and Paul’s Find copper and gold targets and the Chianti-Rufina prospect
- The region is under-explored and has not seen substantial work since Western Mining Corporation in 1958 and Australian Consolidated Minerals in 1972
- Dreadnought Resources finished trading yesterday at 2.5 cents per share
Junior explorer Dreadnought Resources (DRE) has launched a much-anticipated drilling program at its Tarraji-Yampi Project in far-north Western Australia.
The project, which lies 85 kilometres east of Derby, forms part of the second-largest landholding in the region where three styles of mineralisation can be found: volcanogenic massive sulphides (VMS); Proterozoic copper and gold (IOCG); and magmatic sulphide nickel, copper and platinum-group elements (PGE).
According to Dreadnought, there are several promising nickel, copper and gold targets that have so far been identified using TVEM surveys and surface sampling, along with the reinterpretation of drilling data collected by Western Mining Corporation in 1958 and Australian Consolidated Minerals in 1972.
One of these targets is the Texas nickel and copper prospect, which will be the initial focus of Dreadnought’s drilling. A single diamond hole will be made to a depth of around 140 metres, testing anomalies within the Ruins Dolerite — the same structure that hosts Chalice Mining’s Hawkstone Project.
Once completed, another three reverse circulation holes will be drilled at the Orion prospect to the east, with further holes to be made depending on the results of a simultaneous FLEM survey.
Further south, six reverse circulation holes totalling 1500 metres will be drilled at the Fuso copper and gold target, with another three to be drilled over 750 metres at the neighbouring Paul’s Find target.
Finally, seven reverse circulation holes will be drilled at the Chianti-Rufina copper, zinc and silver prospect, totalling 1260 metres.
“We are embarking on a 20-hole diamond and RC drill program that will test targets over five high quality prospects,” said Managing Director Dean Tuck.
“To say that we are excited about the potential of this program is an understatement.”
Dreadnought Resources finished trading yesterday at 2.5 cents per share.