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- Dreadnought Resources (ASX:DRE) kicks off gold drilling at Star of Mangaroon in Western Australia
- The company’s landholdings in the region have been highly successful for REE exploration
- Dreadnought will drill test several mine workings unexposed to modern technique
- Shares last traded at 3.3 cents
Dreadnought Resources (ASX:DRE) has kicked off a gold drilling program at its Star of Mangaroon project in WA’s Gascoyne region.
The company is firing up an RC drill rig for 2600 metres across 31 holes to test the validity of existing data from the 80s and 90s reflecting positive gold intersections.
Included in those results is one 2-metre intersection at 30 grams per tonne of gold; a second 1-metre intersection was higher at 53g/t. There is no guarantee the company can replicate these findings.
Gold lode hunting
Meanwhile, drills will also go after the existing Lead gold mine to better define the location of the gold lode at depth.
No drilling has been conducted here before especially not with modern equipment.
Results from the work are expected back to the company in January of 2024 with the drill run to take three weeks at an upper estimate.
Trifecta of discoveries
“This drill program marks the beginning of high-grade gold exploration at Mangaroon as we aim to deliver a trifecta of discoveries in three major commodities across the project,” Dreadnought Managing Director Dean Tuck said.
“Since adding the Mangaroon project to the portfolio in November 2020, Dreadnought has delivered multiple rare earth, critical metal and nickel-copper-PGE discoveries.
But from day one, we have been keen to pursue and unlock the high-grade gold potential.”
Dreadnought’s Mangaroon gold acreage extends for some 5000 kilometres squared and is owned 100 per cent outright by Dreadnought.
Five historical mines were built on-site and developed on outcropping mineralisation, discovered by pastoralists as much as it was by prospectors.
DRE shares last traded at 3.3 cents.
