- Dreadnought Resources (DRE) confirms more thick and high-grade rare earth element mineralisation at its Yin discovery
- The discovery is within DRE’s Mangaroon project in the Gascoyne region of Western Australia where drilling is ongoing
- The latest results from seven drill holes in the company’s 120-hole reverse circulation drilling program returned 54 metres at 2.07 per cent total rare earth oxides
- DRE has now received results for 91 drill holes which Managing Director Dean Tuck says have continued to deliver “exceptional results”
- Dreadnought shares are up 10 per cent trading at 11 cents at 12:01 pm AEDT
Dreadnought Resources (DRE) has confirmed more thick and high-grade rare earth element mineralisation at its Yin discovery.
Results have been received for an additional seven drill holes in the company’s 120-hole reverse circulation (RC) drilling program at its Mangaroon project in the Gascoyne region of Western Australia.
The latest assays include 54 metres at 2.07 per cent total rare earth oxides (TREO) from 24 metres downhole, including 17 metres at 4.1 per cent TREO from 41 metres.
These results follow on from a previous intersection of 34 metres at 2.59 per cent TREO from surface, including ten metres at 6.05 per cent TREO from 11 metres.
With results received for 91 out of the 120 drill holes, Dreadnought’s Managing Director Dean Tuck said Yin has consistently delivered “exceptional” rare earth element results.
It comes as the company moves closer to the target date to deliver its initial JORC resource at Yin, which Mr Tuck said is on track.
Analysis of the Yin trend indicates over 16 kilometres of strike potential of which only three-kilometres has been drilled to be included in the resource.
The RC rig has moved on to the C1-C5 carbonatites where first-pass, pattern drilling is
ongoing.
Additionally, a diamond rig continues to drill twin holes at Yin in preparation the JORC Resource.
Dreadnought shares were up 10 per cent trading at 11 cents at 12:01 pm AEDT.