- Dreadnought Resources (DRE) intersects multiple sulphide veins while diamond drilling the Texas target at the Tarraji-Yampi project in WA
- Diamond core has been sent for analysis with the results expected in October
- Downhole electromagnetic surveys are also planned for September to identify any off-hole conductors at Texas
- Meanwhile, preparations for a second reverse circulation drilling program at Orion, Fuso and Grant’s Find are underway with work to start next month
- Shares closed at 4.4 cents on August 30
Dreadnought Resources (DRE) has updated the market on progress at the Tarraji-Yampi Project in Western Australia’s West Kimberley region.
Diamond drilling at the project’s Texas target has reportedly intersected multiple remobilised sulphide veins in the second hole drilled.
These veins were dominated by nickeliferous pyrrhotite and minor chalcopyrite, hosted within the Ruins Dolerite along a sheared basal contact with underlying sediments.
The company’s managing director, Dean Tuck, said the veins possibly extended from a nickel-copper-platinum-group-element sulphide source.
“Given the pervasive hydrothermal alteration at Texas and at Tarraji-Yampi generally it is also possible that the system has been overprinted or modified by a later copper-gold system such as Orion, Fuso and Grants Find,” he said.
“We will undertake downhole electromagnetic (EM) surveys in September 2021 to identify any off-hole conductors.”
In the meantime, Mr Tuck said the company would continue preparations to resume drilling programs at the Orion, Fuso and Grant’s Find targets next month.
Diamond core from the current work at Texas has been dispatched for sampling with assay results anticipated in early October.
Dreadnought Resources shares closed at 4.4 cents on August 30, 2021.