- Dreadnought Resources (DRE) identifies a gossanous outcrop over roughly one kilometre of strike at the Mangaroon Project in WA
- The company is mapping and surface sampling the Money Intrusion and discovered the outcrop to the north, close to Bookathanna Bore
- So far, DRE has mapped and sampled more than 45 kilometres of the intrusion with 32 high-tenor outcropping areas identified
- The company will conduct a ground-based electromagnetic survey at the Bookathanna Bore and Lumpy’s Find prospects in the September quarter
- Shares have opened 5.2 per cent higher at four cents each at 10:25 am AEST
Dreadnought Resources (DRE) has identified a gossanous outcrop over roughly one kilometre of strike at the Mangaroon Project’s Money Intrusion in Western Australia.
The company is mapping and surface sampling the intrusion and discovered the outcrop to the north, close to Bookathanna Bore.
Significant rock chip results included one per cent copper, six per cent nickel, 0.04 per cent cobalt and 0.1 grams of platinum-palladium-gold per tonne.
So far, DRE has mapped and sampled more than 45 kilometres of the intrusion with 32 areas of outcropping identified as high-tenor, three-phase blebby sulphides composed of pyrrhotite, chalcopyrite and pentlandite.
Dreadnought Managing Director Dean Tuck said identifying outcropping gossanous material along the Money Intrusion was an encouraging development further underscoring the potential for nickel-copper-PGE mineralisation.
“The systematic approach taken continues to bear fruit and we look forward to the results of the ground electromagnetic survey to define drill targets,” he said.
In light of the number of sulphide occurrences identified through mapping, DRE is planning a ground-based electromagnetic survey at the Bookathanna Bore and Lumpy’s Find prospects in the September quarter.
Dreadnought Resources shares have opened 5.2 per cent higher on the market, trading at four cents each at 10:25 am AEST.