- Dreadnought Resources (DRE) commences reverse circulation (RC) drilling at its Illaara project in Western Australia, with a total of 56 holes planned
- The company is planning to drill at the Nelson, Trafalgar, Spitfire, Kings and Metzke’s Find prospects for a total of 6,355 metres
- Drilling is underway at the Nelson prospect where it is aiming to test each of the strong Fixed Loop EM conductors coincident with copper, lead, zinc, silver and pathfinder soil anomalies
- Drilling is expected to take between four and six weeks with assays and down hole electromagnetic results expected from April
- Shares are trading 2.63 per cent higher today at 3.9 cents each
Dreadnought Resources (DRE) has commenced reverse circulation (RC) drilling at its Illaara project in Western Australia, with a total of 56 holes planned.
The company is planning to drill at the Nelson, Trafalgar, Spitfire, Kings and Metzke’s Find prospects north-west of Kalgoorlie for a total of 6,355 metres.
Drilling has commenced at the Nelson prospect where the company will drill a total of six holes for 1,180 metres.
The company recently completed a Fixed Loop EM (FLEM) survey at the prospect where it identified six highly conductive electromagnetic plates.
It is aiming to test each of the strong FLEM conductors coincident with copper, lead, zinc, silver and pathfinder soil anomalies.
Once drilling at Nelson is complete, the company will move to the Trafalgar prospect.
Drilling is expected to take between four and six weeks with assays and down hole electromagnetic (DHEM) results expected from April.
Managing Director Dean Tuck is excited to begin the drilling program.
He said the program is multifaceted and will deliver Dreadnought’s first JORC Resource from the high-grade Metzke’s Find gold prospect, test the continuation of high-grade iron ore undercover at Kings which is near existing iron ore mining infrastructure and test a dozen base metal VMS and gold targets with significant discovery potential.
It will also generate and define drill targets for LCT pegmatites at the Peggy Sue pegmatite swarm and evaluate the Central Komatiite prospect for nickel sulphide potential.
Dreadnought shares were trading 2.63 per cent higher today at 3.9 cents each at 11:19 am AEDT.