- Follow-up drilling at Dreadnought Resources (DRE) Orion asset in WA’s West Kimberley region has intercepted high grade, copper, silver, gold and cobalt
- Assays from the six drill holes found best results of up to 7.4 percent copper, up to 192 grams per tonne (g/t) silver, up to 34.2g/t gold and up to 1.66 per cent cobalt
- DRE says the mineralisation at Orion commences from a depth of 1 metre and continues 150 metres down dip and 240 metres along strike, with both remaining open
- Assay results are outstanding for another 13 holes, as the company continues to explore the wider Tarraji-Yampi Project in WA
- Dreadnought shares are trading up 13.6 per cent at 5 cents each
Follow-up drilling at Dreadnought Resources (DRE) Orion asset has intercepted high grade, copper, silver, gold and cobalt.
Orion lies within the wider Tarraji-Yampi Project in WA’s West Kimberley, and DRE has carried out multiple drilling campaigns at the site.
This latest round of follow-up drilling found best results of up to 7.4 per cent copper, up to 192 grams per tonne (g/t) silver, up to 34.2g/t gold and up to 1.66 per cent cobalt.
Assays have been returned from six of the holes and DRE notes the massive sulphide, supergene and oxide mineralisation at Orion commences from a depth of 1 metre.
The mineralisation runs 150 metres down dip and along strike for around 240 metres, remaining open at depth and along strike.
Dreadnought’s Managing Director Dean Tuck said he was excited to see the assay results for the remaining 13 holes.
“With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade Cu-Ag-Au-Co discovery occurring just 1 metre below surface,” Mr Tuck said.
“With 13 mineralised holes remaining to be assayed, including our deepest, and our oxide and supergene intercepts, we expect more high-grade intercepts to come.
“This is an amazing outcome from what is our second ever drill program at Tarraji-Yampi, the first programs here since 1958/1972 and an indication of the potential for this highly prospective and underexplored ground to produce more discoveries.”
Dreadnought Resources shares were trading up 13.6 per cent at 5 cents each at 10:34 am AEDT.