Announcement Date: 2022-10-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dreadnought Resources Ltd.
Project name: Mangaroon
Location: Australia
Commodities: Rare Earth,REO
Highlight: Drilling results incl. 54m at 2.07% REO from 24m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that assays have continued to confirm thick, high-grade REE mineralisation at Yin, within its 100% owned Mangaroon Project in the Gascoyne Region of Western Australia. Assay results from 91 holes of 120 RC holes drilled along the first ~3kms of Yin have now been reported. The RC rig has moved on to the C1-C5 carbonatites where first-pass, pattern drilling is ongoing. The diamond rig continues to drill twin holes at Yin in preparation for an initial JORC Resource due in the December 2022 quarter. The first RC program at Yin has comprised 120 RC holes for ~12,255m (red and blue dots on Figure 2) of which assay results for 91 holes have been received (red dots on Figure 2). The program commenced on Section 7350200mN in June 2022 and successfully intersected broad, high-grade REE ironstones.
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