Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dreadnought Resources Ltd.
Project name: Mangaroon
Location: Australia
Commodities: REE
Highlight: Drilling results incl. 42m at 1.00% REE from 93m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that final assays have continued to confirm thick, high-grade REE mineralisation at Yin, within the 100% owned Mangaroon Project in the Gascoyne Region of Western Australia. Assay results from all 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 firstpass, pattern drilling is ongoing. The diamond rig has also moved on to the C1- C5 carbonatites. An initial JORC Resource remains on schedule for the December 2022 quarter. Dreadnought’s Managing Director, Dean Tuck, commented: “Yin continues to deliver exceptional REE results. In just over 5 months we have discovered the 16km long Yin ironstone and completed JORC Resource drilling over the first 3kms of the ironstone. We have also made numerous additional REE discoveries. With all holes now reported, we remain on schedule to deliver our initial JORC Resource at Yin in the December 2022 quarter. Importantly this initial JORC Resource will only cover ~3km of the interpreted ~16km of strike of Yin. RC drilling of C1-C5 carbonatites and diamond drilling at Yin is progressing well with updates expected shortly.”
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