- Dreadnought Resources (DRE) identifies nine “high-quality” targets through an auger sampling program at its Tarraji-Yampi project in the Kimberley region of Western Australia
- The company says these new targets have similar geochemical signatures to the high-grade Orion discovery in the area
- The sampling program also helped DRE improve its understanding of the lithostructural controls on mineralisation and led to the discovery of six new mineralised outcrops
- Due to the success of the sampling work, Dreadnought has expanded the program, with two auger rigs commencing next month
- Shares in Dreadnought last traded at 9.3 cents on August 12
Dreadnought Resources (DRE) has identified nine “high-quality” targets through an auger sampling program at its Tarraji-Yampi project in the Kimberley region of Western Australia.
The company said these new targets had similar geochemical signatures to the high-grade Orion discovery in the area.
Moreover, the sampling program also helped Dreadnought improve its understanding of the lithostructural controls on mineralisation at the project, leading to the discovery of six new mineralised outcrops at the Thunderer prospect with similar signatures to Orion and a Grant’s look-alike at the Vanguard prospect.
Sampling results from these areas include 37 per cent copper, 163 grams per tonne (g/t) silver, one g/t gold and 0.03 per cent cobalt and 39.4 per cent copper, 165 g/t silver, 1.6 g/t gold and 0.02 per cent cobalt.
Due to the success of the program, Dreadnought said it had expanded the sampling program, with two auger rigs commencing next month.
“Our wide-spaced, low-impact auger sampling program at Tarraji-Yampi has been a
resounding success and resulted not only in identifying additional Orion and Grant’s look-alike targets but a better understanding of the lithostructural controls for mineralisation,” Managing Director Dean Tuck said.
“This improved understanding has resulted in the definition of several new target areas that require further auger sampling. An expanded Auger sampling program will commence in September 2022.”
Shares in Dreadnought last traded at 9.3 cents on August 12.