- Dreadnought Resources (DRE) continues to intersect thick mineralisation at the C3 carbonatite intrusion within its Mangaroon project in WA
- The C3 intrusion contains a 600-metre-by-550-metre zone from which eight drill holes returned thick intercepts of over 200 metres comprising rare earths, niobium, and phosphorus
- Mineralisation remains open in all directions including the east, where DRE plans to drill a highly magnetic and untested portion of the C3 and C4 carbonatites in early 2023
- Dreadnought has completed drilling at Mangaroon for the year and expects to resume drilling in February or March next year
- Dreadnought shares are up 3.3 per cent to trade at 9.4 cents at 12:51 pm AEDT
Dreadnought Resources (DRE) has intersected further thick rare earth element (REE)-niobium-phosphorus mineralisation at the C3 carbonatite intrusion.
The C3 intrusion is part of the C1-C5 carbonatite complex, which lies within the company’s Mangaroon project in Western Australia.
Dreadnought drilled 82 reverse circulation (RC) holes at the carbonatite complex to confirm the extent and complexity of the carbonatite intrusions, define mineralisation and to better understand the cover regolith and depth of weathering.
This first-pass program successfully uncovered six coherent zones of REE mineralisation, as well as titanium, niobium and/or phosphorus, including at C3, where an extensive 600-metre-by-550-metre zone was identified and remains open.
Dreadnought has since completed seven follow-up RC holes and one diamond hole at C3 to target this zone.
This follow-up drilling successfully intersected mineralisation in both the weathered rock and the underlying fresh carbonatite. Further, drilling intersected a prospective barium-iron-rich ferro-magnesiocarbonatite.
Mineralisation in the weathered profile remains open in all directions including the east, where Dreadnought plans to drill a highly magnetic and untested portion of the C3 and C4 carbonatites in early 2023.
The company has dispatched all samples for analysis and expects to report assays through to February and March next year.
Dreadnought has officially completed RC and diamond drilling at Mangaroon for the year, with 258 RC holes and 21 diamond holes drilled since June this year.
Drilling will recommence at Mangaroon in February or March 2023.
Dreadnought shares were up 3.3 per cent to trade at 9.4 cents at 12:51 pm AEDT.