- Dreadnought Resources (DRE) has kicked off fieldwork efforts at the Tarraji-Yampi Project in the Kimberley Region of Western Australia
- Ahead of a planned drill programme, the explorer is undertaking electromagnetic surveying and sampling to define potential nickel, copper and platinum group element targets
- Drilling is expected to commence in June, targeting the Texas, Orion, Fuso, Paul’s Find and Chianti-Rufina targets within the project
- The explorer said investors can expect results from the fieldwork over the coming months
- Dreadnought Resources is trading flat at 2 cents per share
Dreadnought Resources (DRE) has kicked off fieldwork efforts at the Tarraji-Yampi Project in the Kimberley Region of Western Australia.
The explorer said it is looking to identify nickel copper and platinum group elements targets through a ground-based fixed loop electromagnetic (FLEM) survey and additional mapping and surface sampling.
It comes as Dreadnought gears up for a drilling programme expected to start in May or June, with results from the survey hoped to define particular targets.
Specifically, drilling will focus on the Texas, Orion, Fuso, Paul’s Find and Chianti-Rufina targets within the project.
The ASX-lister advised investors can expect results of target definition and generation work, alongside the results of three FLEM surveys over April and May.
Dreadnought Managing Director Dean Tuck said he was pleased the field programmes had commenced.
“This will allow for a smooth transition from our programs in the Yilgarn to programs in the Kimberley over the next few months,” he commented.
“Orion has been a tantalising VTEM anomaly within the Ruins Dolerite and we are excited to undertake a ground-based FLEM survey to define targets for drilling in May/June 2021,” he concluded.
The update comes shortly after the company announced it was set to pocket $3 million via a share placement, advising it plans to spend most of the proceeds on its reverse circulation and diamond drilling efforts later this year.
Dreadnought Resources is trading flat at 2 cents per share at 10:32 am AEST.