Dreadnought Resources (ASX:DRE) generates seven new targets along Mangaroon Shear Zone, WA

• Dreadnought Resources (DRE) discovers 10 kilometres worth of gold targets along the Mangaroon Shear Zone
• Most are amateur historical workings never subject to more than shallow drilling on historical equipment
• Dreadnought will conduct the first modern drilling along the 10,000-metre stretch
• Shear zones are desired by exploratory geologists due to the high chance of bearing commercial minerals
• RC rigs will begin tapping away at three historical mine targets in October
• Shares last traded at 5.7 cents

Dreadnought Resources (DRE) has announced that its first-ever review of available data along the 10-kilometre Mangaroon shear zone has led to the detection of seven new target areas of interest.

The Mangaroon Shear Zone (MSZ) is home to several historical workings along its length, with only around 200 metres of the overall 10,000-metre target having been drilled to date.

Dreadnought’s identification of these seven new target areas of interest is based on a compilation of unpublished historical records, rock chipping, surface mapping, airborne magnetics, and soil sampling.

The newly identified Tiger target is particularly intriguing, as early-stage soil samples indicate a higher level of gold anomalism compared to the major historical gold mine on-site.

Additionally, the geotechnical team has extended the existing Popeye target by approximately 500 metres, and visually identifiable gold has been discovered at the Lead Gold Mine, pending confirmation from an assay lab.

The company has identified drill targets at the undrilled Diamond Gold Mine, with one rock chip yielding an eye-catching result of 74.8 grams per tonne (g/t) gold.

When reverse circulation (RC) rigs arrive on-site in October, three primary targets will be drill tested: the Star of Mangaroon, Diamond Gold Mine, and Lead Gold Mine.

Dreadnought CEO Dean Tuck explained how the company’s first-ever comprehensive analysis of the MSZ has generated new gold targets following the completion of the company’s 2023 rare earth element (REE) campaign.

“On the back of our first-ever consolidation of Mangaroon, an extensive review has been successfully undertaken. Detailed magnetics and surface geochemical surveys have further enhanced our understanding of the controls on mineralisation,” he said.

“This is just the tip of the iceberg with no modern exploration and drilling over only ~200m of the >10km of strike, the regional opportunity is substantial and will make for an exciting drill program in October 2023.”

All historical workings along the MSZ were carried out by pastoralists and prospectors, with little to no modernised drilling having been recorded in the 100 per cent Dreadnought-owned area.

Dreadnought shares last traded at 5.7 cents.