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- Dreadnought Resources (DRE) identifies five carbonatite intrusions at the Mangaroon Project in the Gascoyne region of WA
- The company’s recent magnetic survey uncovered multiple ovoid magnetic anomalies located just south of the Lyon’s River Fault, which included outcropping carbonatites within two of the intrusions
- If mineralised, the carbonatite intrusions could have the potential for large-scale rare earth element (REE) mineralisation
- Rock chip assay results are expected in early 2022, with drilling of the carbonatites scheduled for March 2022
- Dreadnought Resources last traded at on November 26
Dreadnought Resources (DRE) has identified five carbonatite intrusions at the Mangaroon Project in the Gascoyne region of Western Australia.
The company’s recent magnetic survey identified multiple ovoid magnetic anomalies located just south of the Lyon’s River Fault, which included outcropping carbonatites within two of the intrusions.
If mineralised, the company said the carbonatite intrusions have the potential for large-scale rare earth element (REE) mineralisation.
Most of the interpreted carbonatites were not obvious at the surface, instead being mostly obscured by shallow calcrete cover, where no previous exploration has taken place.
Rock chip samples were sent off for analysis, with assay results expected in January 2022.
“The identification of large carbonatite intrusives could be significant for the region and we look forward to receiving rock chip assay results and then drilling the carbonatites along with Yin in March 2022,” said Dreadnought’s Managing Director, Dean Tuck.
A second mapping and surface sampling exercise is due to take place in December 2021 and drill testing of the carbonatites will begin in March 2022 as part of the wider Mangaroon drilling program.
Dreadnought Resources last traded at on November 26.
