- Dreadnought Resources (DRE) completes drilling at the Illaara Project in the Yilgarn Region of Western Australia
- The company has drilled 48 reverse circulation (RC) holes for 4,903 metres at Spitfire, Metzke’s Find, Kings and Nelson, targeting gold, iron ore, and base metals
- All prospects intersected visual evidence of mineralisation with assays expected over the next three months
- Dreadnought last traded at 4.2 cents per share on May 6
Dreadnought Resources (DRE) has completed drilling at the Illaara Project in the Yilgarn Region of Western Australia.
The company drilled 48 reverse circulation (RC) holes for 4,903 metres at Spitfire, Metzke’s Find, Kings and Nelson, targeting gold, iron ore and base metals.
Each prospect intersected visual evidence of mineralisation, with the company expecting assays within the next three months.
Drilling confirmed the gold lode at Metzke’s Find remains largely unmined, with only one hole intersecting historical workings within the top 40 metres, and 15 out of 17 holes intersecting the mineralised structure.
At Spitfire, Dreadnought reported that a thick iron and magnetic banded iron formation (BIF) was intersected at the prospect, while targeting a BIF hosted gold system.
“Drilling at Illaara has successfully tested a range of targets and commodities along with a few surprises thrown in with the pegmatites intersected at Nelson and Trafalgar and the goethite-haematite and magnetite at Spitfire,” Managing Director Dean Tuck said.
“Other activities undertaken included: first pass surface sampling and an airborne magnetic survey over the Central Komatiite belt; a drone survey, mapping and sampling across the outcropping Peggy Sue LCT pegmatite swarm.”
“We look forward to receiving the assay results over the coming months whilst we move up to Mangaroon,” he concluded.
Illaara is located 190 kilometres from Kalgoorlie and includes seven tenements, covering 75 kilometres of strike along the entire Illaara Greenstone Belt.
Dreadnought last traded at 4.2 cents per share on May 6.