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- Dreadnought Resources (DRE) progresses drilling activities at its Mangaroon project in WA
- The company has launched reverse circulation drilling at C3 and C4, which will comprise of 83 holes for about 6600 metres
- In addition, it has completed a 14-hole fence line program over a distance of 2.3 kilometres
- This program intersected mineralisation in 13 of the 14 holes, including mineralised intercepts up to 54 metres thick in two of those holes
- Shares are trading 5.26 per cent higher at 10 cents at 11:57 am AEDT
Dreadnought Resources (DRE) has progressed drilling activities at its Mangaroon project in WA.
The company has launched reverse circulation (RC) drilling at C3 and C4, which will comprise 83 holes for about 6600 metres.
In addition, it has completed a 14-hole fence line program over a distance of 2.3 kilometres.
This program intersected mineralisation in 13 of the 14 holes, including mineralised intercepts up to 54 metres thick in two of those holes.
Dreadnought said these positive results confirm the potential of C1 to C5 to host significant rare earth element (REE) mineralisation.
It expects to wrap up the full drill program next month, with the objective of gaining a better understanding of the geology.
Following this program, the company plans to undertake infill RC and diamond drilling over mineralised areas.
Samples from C3 and C4 have been dispatched for rush analysis and assays are expected in November.
“The initial fence line drilling at C3 and C4 was designed to confirm the extent and complexity of the interpreted carbonatite intrusions and to better understand the cover regolith and depth of weathering,” Managing Director Dean Tuck said.
“The results have already exceeded expectations in identifying variable weathering and multiple carbonatite and syenite intrusions.”
Shares were trading 5.26 per cent higher at 10 cents at 11:57 am AEDT.
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