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- Assays received from 23 of 57-hole RC program at Metzke’s Find
- Drilling intersected Metzke’s Find shear lode horizon along all drill sections
- Extensional program part of Dreadnought’s “Finding More Gold, Faster” strategy
- Resource extension drilling returns highest-grade intercepts to date from Metzke’s Find
Dreadnought Resources (ASX: DRE) has hit the highest-grade intercepts ever obtained at the historic Metzke’s Find in a resource extension drilling program within the Illaara gold project in WA.
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“Our Resource extension drilling program is off to an explosive start producing two of the highest-grade intercepts yet seen at Metzke’s Find. Importantly, all results are outside the current high-grade resource,” MD, Dean Tuck, said.
“Advancing Metzke’s Find towards development is a key component of our expanded ‘Finding More Gold, Faster’ strategy and feeds directly into becoming a self-funded explorer by adding near term production ounces. Our high-grade Metzke’s Find Resource is a great commercial opportunity.
“We look forward to the other half of the drilling results as well as the updated and upgraded resource, initial study and finalising approval related work in the coming months.”
The 57 holes for 4,800m drilled in the current program were designed to add to resource along strike and at shallow depths and to further upgrade resources to indicated
Metzke’s Find is comprised of historic workings containing around 20 shafts and more than approximately 700m of strike.
In 2023, Dreadnought declared a shallow, high-grade resource of 14,900 ounces of gold at 6.8 grams per tonne (g/t) of which 72% was assessed as indicated.
Recent drilling has extended mineralisation by approximately 250m north of the historic workings with significant intercepts including 10m at 1.5 g/t from 20m, including 2.0m at 5.8 g/t from 22m.
Meanwhile, Dreadnought is undertaking a discovery focused air core program at Illaara.
DRE is up 5.56% to 1.9¢. Mkt cap $103.0M.
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
