- Dreadnought Resources (DRE) confirms Sabre and Y8 ironstone discoveries within its Mangaroon project in Western Australia
- The company received drill results for 38 holes completed at the two areas which make up roughly half of the 30-kilometre strike along the Yin ironstone complex
- Highlights from the results involve nine metres at 1.02 per cent total rare earth oxide (TREO) from seven metres, including one metre at 7.01 per cent TREO from 12 metres
- Dreadnought plans to recommence drilling at the project by March
- DRE shares are up 1.01 per cent to trade at 10 cents at 2:01 pm AEDT
Dreadnought Resources (DRE) has confirmed two new discoveries at the Sabre and Y8 ironstones within its Mangaroon project in Western Australia.
The materials stock received assays for 38 reverse circulation (RC) holes drilled at the two areas which extend for a combined total of 15 kilometres, making up part of the 30-kilometre strike along the Yin ironstone complex.
The RC drilling program aimed to determine the location and orientation of the mineralised ironstones found in “sporadic” outcrops.
The drilling intersected mineralised ironstones ranging from one to 23 metres thickness over one kilometre strike, with mineralisation remaining open in all directions.
Highlights from the drill results included nine metres at 1.02 per cent total rare earth oxide (TREO) from seven metres, including one metre at 7.01 per cent TREO from 12 metres, and four metres at 2.01 per cent TREO from 53 metres including one metre at 6.96 per cent TREO.
Managing Director Dean Tuck said confirming the Sabre and Y8 discoveries “underscores the significant potential” of the 30-kilometre strike at Yin to deliver further mineralisation, discoveries and resources.
“The success of this first pass wide-spaced program not only highlights the potential of the wider complex and the Sabre and Y8 trends, but it lays the foundation for follow-up framework drilling and ultimately the delivery of additional discoveries along other ironstone trends in addition to Yin,” Mr Tuck said.
Dreadnought Resources will recommence RC and diamond drilling in the next couple of months, targeting the 30-kilometre strike and the C1 to C7 carbonatites.
DRE shares were up 1.01 per cent to trade at 10 cents at 2:01 pm AEDT.