- Dreadnought Resources (DRE) intersects massive sulphide mineralisation at the Nelson and Trafalgar base and precious metals prospects, part of its Illaara project in WA’s Yilgarn region
- The company says drilling at Nelson has “confirmed” an extensive fertile base metal volcanogenic massive sulphide (VMS) system
- It says Trafalgar is potentially a gold-silver system given multiple massive sulphide horizons encountered are associated with intense quartz veining and carbonate alteration
- Both prospects also host several thick, flat lying and sub-vertical fertile lithium-caesium-tantalum (LCT) pegmatites, according to Dreadnought
- DRE shares last traded at 3.9 cents
Dreadnought Resources (DRE) has encountered massive sulphide mineralisation at the Nelson and Trafalgar base and precious metals prospects within its Illaara project in Western Australia’s Yilgarn region.
Nine reverse circulation holes were recently drilled at the prospects, six at Nelson and three at Trafaglar.
The company said the drilling at Nelson “confirmed” an extensive fertile base metal volcanogenic massive sulphide (VMS) system.
At Trafalgar, the drilling intersected multiple massive sulphide horizons associated with intense quartz veining and carbonate alteration more indicative of a gold-silver system, according to the company.
Dreadnought said both prospects also host several thick (10-34 metres), flat lying and sub-vertical fertile lithium-caesium-tantalum (LCT) pegmatites.
Managing Director Dean Tuck labelled the early-stage results “a great start to the drilling program”.
“We were also pleasantly surprised with intersections of multiple thick fertile LCT pegmatites across both prospects which has significantly expanded the footprint of Peggy Sue,” he said.
“Drilling has now commenced at Spitfire after which it will proceed to the Metzke’s Find and
King’s Iron Ore prospects giving us time to design further drill holes at Nelson before mobilising to Mangaroon.”
Dreadnought said down-hole electromagnetic (DHEM) survey work was under way and would guide follow-up RC drilling at Illaara.
Follow-up drilling was expected to begin this month, with initial assays results expected in April/May 2022.
DRE shares last traded at 3.9 cents.