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DREADNOUGHT RESOURCES LTD - Corporate Spotlight

Dreadnought Resources is a West-Australian focussed minerals explorer with three highly... Dreadnought Resources is a West-Australian focussed minerals explorer with three highly prospective projects in one of the world's highest quality mining jurisdictions. The Flagship Tarraji-Yampi Ni-Cu-Au project is located just 85 kilometres from Derby, in areas previously locked up as defence reserve and thus under explored.More

Corporate Spotlight

Dreadnought Resources is a West-Australian focussed minerals explorer with three highly prospective projects in one of the world's highest quality mining jurisdictions. The Flagship Tarraji-Yampi Ni-Cu-Au project is located just 85 kilometres from Derby, in areas previously used as defence reserves.
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DRE with $8m raised to fast-track project sites

DRE COMPLETES $8M PLACEMENT

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Dreadnought Resources (ASX:DRE) completes $8m placement

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck - The Market Herald
Managing Director, Dean Tuck
Source: Dreadnought Resources

  • West Australian exploration company Dreadnought Resources (DRE) successfully completes its placement and raises $8 million
  • The money will be raised through the issue of 226 million shares to institutional and sophisticated investors at 3.5 cents
  • Subject to shareholder approval, company directors will contribute nearly $159,000 to maintain a 15 per cent ownership
  • Dreadnought will use the money to follow on from the recent successes at the Tarraji-Yampi, Illaara and Mangaroon projects

West Australian exploration company Dreadnought Resources (DRE) has successfully completed its placement and raised $8 million.


The company entered a trading halt on September 10 but did not disclose how much it intended to raise or what it would use the funds for.


The $8 million will be raised through the issue of 226 million shares to institutional and sophisticated investors at 3.5 cents.


This price represents a 5.5 per cent discount to Dreadnought's last closing price of 3.7 cents on September 13.


Subject to shareholder approval, Directors will contribute $158,699 to maintain a 15 per cent ownership.


Upon completion, their total investment will be roughly $1.46 million.


Dreadnought will use the money to follow on from the recent successes at the Tarraji-Yampi, Illaara and Mangaroon projects.


Specifically, reverse circulation (RC) drilling will be undertaken at the Orion, Grant's Find and Fuso targets, and target definition work will be carried out at the Peggy Sue Prospect.


Managing Director Dean Tuck is pleased with the support received.


"Dreadnought is aiming to deliver a number of maiden resources over the coming year. These include the rare earths at Yin, high-grade gold at Metzke's Find and iron ore at Kings," Mr Tuck commented.


"In addition, drilling will recommence at Tarraji-Yampi by 30 September 2021 to follow up on the massive sulphides at Orion Fuson and Grant's Find and to complete other high priority activities during the current field season."


"We will also be advancing several earlier stage targets such as the Peggy Sue Lithium-Caesium-Tantalum prospect and the Rought Triangle Copper-Silver-Lead-Bismuth."


Read the Full Article on The Market Herald here

DRE LOOKS TO RAISE CAPITAL

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Dreadnought Resources (ASX:DRE) looks to raise capital

ASX:DRE
Dreadnought Resources (ASX:DRE) secures Mangaroon Project
Senior Exploration Geologist Nick Chapman at Cullen’s Find. Source: Dreadnought Resources

  • Dreadnought Resources (DRE) shares are set to close the week in a voluntary trading halt ahead of a potential capital raise
  • Further details regarding the fundraising are likely to be disclosed to the market on or before Tuesday, September 14
  • Dreadnought says it has been able to demonstrate "a record of securing funds when required"

Dreadnought Resources (DRE) shares are set to close the week in a voluntary trading halt ahead of a potential capital raise.


Shares in the Western Australian focussed explorer are likely to remain in the trading halt until Tuesday September 14, when further details regarding the raise are disclosed to the market.


Dreadnought has not explicitly stated how much it plans to raise or for what purpose.


In its statement to the ASX, the company said it had been able to demonstrate "a record of securing funds when required" and was "confident that it will be to continue to do so upon ongoing satisfactory exploration results".


"The Company believes that it is able to continue its current operations and business objectives," the statement read.


Dreadnought had approximately $2.6 million in cash and equivalents at June 30, 2021.


Read the Full Article on The Market Herald here

DRE FINDS NEW REE ELEMENT IRONSTONES

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Dreadnought Resources (ASX:DRE) finds new REE element ironstones

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) finds new REE element ironstones
Luke Blais (left) and Nick Chapman mapping and sampling an outcropping REE ironstone at Yin. Source: Dreadnought

  • West Australian explorer Dreadnought Resources (DRE) has found four new earth element (REE) ironstones at its Mangaroon Project
  • The ironstones were found in the Yin REE camp and expands the area to around 11 kilometres
  • A detailed airborne magnetic and radiometric survey will commence later this month
  • This survey will assist in identifying new ironstone occurrences and help design drilling programs

Dreadnought Resources (DRE) has discovered four new rare earth element (REE) ironstones at its Mangaroon Project in the Gascoyn Region of WA.


The company received assays from rock chips that confirmed the four REE ironstones at the Yin REE camp.


This significantly expands the strike of the emerging Yin REE camp to around 11 kilometres.


The Yin REE camp is about five kilometres southwest of the Yangibana REE project, which is currently under development by Hastings Technology Metals (HAS).


Results from the rock chip samples include 5.65 per cent total rare earth oxide, including 1.61 per cent neodymium and praseodymium.


A detailed airborne magnetic and radiometric survey will commence later this month and is expected to highlight additional anomalies and allow for mapping under shallow cover to trace ironstones.


This survey will help in identifying new ironstone occurrences and for the design of drill programs, expected to commence in the March 2022 quarter.


Managing Director Dean Tuck is pleased with the find and labelled it as an "exciting development".


"We are excited for the results of the planned magnetic-radiometric survey to assist in further target generation ahead of resource and discovery drilling in the March 2022 quarter," he said.


"In the interim, the upcoming Kimberley program remains on schedule with field crews mobilising to site in mid-September 2021."


Read the Full Article on The Market Herald here

DRE PARTICIPATE IN GOVT. TAX INITIATIVE

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Dreadnought Resources (ASX:DRE) to participate in Govt. tax initiative

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ASX:DRE
Dreadnought Resources (ASX:DRE) reports encouraging results for rare earths at Yin
Dreadnought’s Luke Blais, Dean Tuck and Nick Chapman with high-grade REE ironstones from Yin. Source: Dreadnought Resources

  • Dreadnought Resources (DRE) receives approval to participate in the Federal Government's Junior Mineral Exploration Incentive (JMEI) scheme
  • Through the scheme, eligible exploration companies are able to generate tax credits for distribution to investors
  • It includes an allocation of up to $750,000 in JMEI tax credits to Dreadnought
  • The purpose of the initiative is to encourage investment in exploration companies that carry out greenfield mineral exploration in Australia

Dreadnought Resources (DRE) has been approved to participate in the Federal Government's Junior Mineral Exploration Incentive scheme.


Through the scheme, the chosen companies are able to give up a portion of their tax losses for potential distribution to eligible investors.


Specifically, it includes an allocation of up to $750,000 in JMEI tax credits to Dreadnought.


Those investors are then entitled to a refundable tax offset or, if the shareholder is a corporate tax entity, additional franking credits.


The company’s carry forward losses will be reduced proportionately to reflect the amount of exploration credits issued to its shareholders.


The Australian Taxation Office explained that if any part of the annual exploration credit cap is unallocated for an income year, the amount that is unallocated will be carried over to the following income year. 


The purpose of this process is to encourage investment in exploration companies that carry out greenfields mineral exploration in Australia.


DRE says it acknowledges the support of the Commonwealth of Australia in making the initiative available and also the Association of Mining and Exploration companies for their championing of the initiative.


Read the Full Article on The Market Herald here

DRE REPORTS RARE EARTHS AT YIN

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Dreadnought Resources (ASX:DRE) reports encouraging results for rare earths at Yin




DRE HITS SULPHIDE AT TARRAJI-YAMPI

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Dreadnought Resources (ASX:DRE) hits sulphide veins at Tarraji-Yampi

Materials

ASX:DRE      MCAP $114.2M


  • Dreadnought Resources (DRE) intersects multiple sulphide veins while diamond drilling the Texas target at the Tarraji-Yampi project in WA
  • Diamond core has been sent for analysis with the results expected in October
  • Downhole electromagnetic surveys are also planned for September to identify any off-hole conductors at Texas
  • Meanwhile, preparations for a second reverse circulation drilling program at Orion, Fuso and Grant's Find are underway with work to start next month
  • Shares closed at 4.4 cents on August 30

Dreadnought Resources (DRE) has updated the market on progress at the Tarraji-Yampi Project in Western Australia's West Kimberley region.


Diamond drilling at the project's Texas target has reportedly intersected multiple remobilised sulphide veins in the second hole drilled.

These veins were dominated by nickeliferous pyrrhotite and minor chalcopyrite, hosted within the Ruins Dolerite along a sheared basal contact with underlying sediments.


The company's managing director, Dean Tuck, said the veins possibly extended from a nickel-copper-platinum-group-element sulphide source.


"Given the pervasive hydrothermal alteration at Texas and at Tarraji-Yampi generally it is also possible that the system has been overprinted or modified by a later copper-gold system such as Orion, Fuso and Grants Find," he said.


"We will undertake downhole electromagnetic (EM) surveys in September 2021 to identify any off-hole conductors."


In the meantime, Mr Tuck said the company would continue preparations to resume drilling programs at the Orion, Fuso and Grant's Find targets next month.


Diamond core from the current work at Texas has been dispatched for sampling with assay results anticipated in early October.


Read the full article here: https://themarketherald.com.au/dreadnought-resources-asxdre-hits-sulphide-veins-at-tarraji-yampi-2021-08-31/

DRE REPORTS BONANZA GRADES

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Dreadnought Resources (ASX:DRE) reports bonanza grades from Rough Triangle

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ASX:DRE
Dreadnought Resources (ASX:DRE) reports bonanza grades from Rough Triangle
Source: Dreadnought Resources

  • Dreadnought Resources (DRE) releases more results from rock chip sampling at Rough Triangle part of the Tarraji-Yampi Project in Western Australia
  • The company considers the results "bonanza grade" with best hits of 83.7 per cent copper, 291 grams per tonne silver
  • The results come from sampling at Rough Triangle lode and also include historic samples from prospects such as Ironclad and Wilson’s Reward
  • DRE believes Tarraji-Yampi plays host to a large scale copper, gold, silver, antimony and bismuth system, with sampling and drilling ongoing

Dreadnought Resources (DRE) is releasing more results from rock chip sampling at Rough Triangle part of the Tarraji-Yampi Project in WA.


DRE carried out sampling at the 1.2 kilometre long Rough Triangle lode and also included historic samples from prospects such as Ironclad and Wilson’s Reward.


The company has labelled the results "bonanza grade" and said best hits include 83.7 per cent copper and 291 grams per tonne silver.


Dreadnought also found grades of gold, antimony and bismuth during the sampling, which it carried out as part of a project wide reconnaissance program.


Managing Director Dean Tuck said the asset played host to a large scale system, with sampling programs to continue across Tarraji Yampi.


"With less than half of the known lodes sampled to date, we are continuing to identify high tenor Cu-Au-Ag-Bi-Sb-Co mineralisation across Tarraji-Yampi," Mr Tuck said.


"As we continue to sample these systems, a geochemical pattern is developing which may allow us to vector in towards larger, undercover mineralisation like we have recently seen at Orion.


"We will continue to assess additional targets while undertaking our drilling programs at Orion, Fuso and Grant’s Find."


Read the Full Article on The Market Herald here

DRE FLAGS POTENTIAL LARGE-SCALE SYSTEM

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Dreadnought Resources (ASX:DRE) flags potential large-scale system at Tarraji-Yampi

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ASX:DRE
Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck - The Market Herald
Managing Director, Dean Tuck
Sources: Dreadnought Resources

  • Dreadnought Resources (DRE) flags the potential discovery of a large mineralised system at the Tarraji-Yampi Project in Western Australia
  • DRE has received initial results for 283 of 1542 samples collected from an 18-hole reverse circulation drilling program completed at the site
  • Results from the Orion, Grant's Find and Fuso targets reportedly indicate a potentially large-scale copper-gold-silver-cobalt system
  • Remaining assays are expected in September and will help the company in planning a further drilling program across the targets next month

Dreadnought Resources (DRE) has flagged the potential discovery of a large mineralised system at the Tarraji-Yampi Project in Western Australia's Kimberly region.


The company has received initial assays from an 18-hole reverse circulation drilling program completed at the site, in which a total of 1542 samples were collected and 283 rushed for analysis.


According to DRE, preliminary results returned from the Orion, Grant's Find and Fuso targets indicate a potentially large copper-gold-silver-cobalt system that incorporates Rough Triangle.


Notably, best results from Orion included 12 metres at 1.6 per cent copper, 31.7 grams of silver per tonne (g/t) and 0.5g/t gold from 45 metres.


Meanwhile, drilling at Grant's Find returned 10 metres at 2.3 per cent copper, 0.1 per cent gold and 0.03 per cent copper from 101 metres. This intercept contained four metres at 4.9 per cent copper, 0.2g/t gold and 0.07 per cent copper from 106 metres.


Dreadnought's managing director Dean Tuck said confirming a potentially large-scale copper-gold-silver-cobalt-bismuth-antimony system was exciting.


"There is clearly unfinished business at all three targets - Orion, Grant’s Find and Fuso," he said.


"At Orion, it would appear that we only nicked the edge of the target. At Grant’s Find we returned our best results to date and this area continues to build.


"Fuso surprised in the sense that we did not explain the magnetic anomaly while still intersecting mineralisation — a near miss."


Mr Tuck confirmed remaining assays from the program were expected in September and would be incorporated into planning for DRE's upcoming drill program covering all three targets next month.


Read the Full Article on The Market Herald here

DRE COMPLETES DRILLING AT TARRAJI-YAMPI

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Dreadnought Resources (ASX:DRE) completes drilling at Tarraji-Yampi

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) commences drilling at Tarraji-Yampi Project
Drill rig arriving at Chianti. Source: Dreadnought

  • Dreadnought Resources (DRE) completes drilling program at the Tarraji-Yampi Project in Western Australia
  • All up, 18 reverse-circulation holes were completed, with the program intersecting mineralisation across multiple targets
  • Over at Orion, an intersection of massive copper bearing sulphide has been labelled a "watershed" moment, with the company rushing assays to assist plans for follow-up drilling
  • A rig breakdown has delayed drilling at Texas, DRE plans to recommence work early next month

Dreadnought Resources (DRE) has completed the drilling program at the Tarraji-Yampi Project in the West Kimberley region of Western Australia.


Drilling kicked off in June, now 18 reverse circulation holes have been completed across Chianti, Fuso, Paul’s Find, Grant’s Find and Orion.


At Orion, the company was encouraged by results from the first hole drilled which intersected massive to semi-massive sulphides containing between five and 20 per cent copper sulphide.


Managing Director Dean Tuck said the intersection at Orion is a "watershed" moment for the project.


Over at Grant's Find, drilling of the 700-metre-long outcropping copper-gold lode was following up the previously identified "nuggety" nature of the gold mineralisation.


Of the three holes drilled, five metres of copper sulphide rich quartz veining was identified, containing around ten to 30 per cent copper sulphide.


Additionally, DRE reported potassic-sulphide alteration and quartz veining at Fuso and Paul’s Find, which it believes could be indicative of a gold bearing system.


To follow this up, the company is conducting additional magnetic surveys to better understand the magnetic anomaly.


Drilling at Chianti, which was the first work conducted since 1972, showed two metres of massive sulphide containing copper, zinc and lead mineralisation.


Down hole electro-magnetic surveys are currently underway across all seven drill holes at Chianti, with results expected in August.


Drilling of a single diamond drillhole at Texas, which was the initial focus for the company, has been pushed back due to a rig breakdown while at a depth of 55 metres.


DRE said drilling is set to recommence early next month and plans to be finished by mid-August.


Looking forward, the company said it will prioritise work at Orion and Grant's Find and has consequently rushed assays and begun downhole and surface geophysical surveys to assist with follow up drilling.


With a number of targets still to be tested and new targets emerging, Dean Tuck said the company is looking forward to returning in September and completing the diamond program at Texas in the meantime.


Read the Full Article on The Market Herald here

DRE CONFIRMS HIGH-GRADE REE FINDINGS

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Dreadnought Resources (ASX:DRE) confirms high-grade REE findings at Mangaroon

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ASX:DRE
Dreadnought Resources (ASX:DRE) confirms high-grade REE findings at Mangaroon
Source: Dreadnought Resources

  • Dreadnought Resources (DRE) confirms high-grade rare earth element ironstones over 2.5 kilometres from the Yin Prospect at the Mangaroon Project in WA
  • Significant rock chip results from twelve prospects include 7.5 per cent total rare earth oxide, with a ground magnetic survey confirming the ironstones continue under shallow cover between outcrops
  • Dreadnought says a detailed airborne magnetic-radiometric survey will be flown over all twelve of the currently identified prospects in the December 2021 quarter

Dreadnought Resources (DRE) has confirmed high-grade rare earth element (REE) ironstones over 2.5 kilometres from the Yin Prospect at the Mangaroon Project in WA.


Twelve REE prospects have been identified to date, based on wide-spaced radiometric anomalies coincident with apparent ironstone outcrops. Eleven of these prospects are still pending inspection.

Significant rock chip results include 7.5 per cent total rare earth oxide, including 2.73 per cent neodymium oxide and praseodymium oxide.

The company says the total rare earths oxides (TREO) from the Yin Prospect exhibit similar mineralogical features to those found at Yangibana, located around 15 kilometres away. As a result of this, samples have been submitted for lab testing to confirm similar metallurgical characteristics.


A ground magnetic survey has confirmed the Yin ironstones continue under shallow cover between outcrops.  Dreadnought says a detailed airborne magnetic-radiometric survey will be flown over all twelve of the currently identified prospects in the December 2021 quarter.


“The metallurgical assessment will focus on the potential for the TREO to be upgraded into a saleable intermediate product in the form of a concentrate,” Dreadnought’s Managing Director Dean Tuck said.  


“In the interim, work in the Kimberley continues with two rigs and a ground geophysical crew operating,” said Dean Tuck.


Read the Full Article on The Market Herald here

DRE IDENTIFIES KM-LONG GOSSANOUS OUTCROP

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Dreadnought Resources (ASX:DRE) identifies kilometre-long gossanous outcrop at Mangaroon

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ASX:DRE
Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck - The Market Herald
Managing Director, Dean Tuck
Source: Resources Roadhouse

  • Dreadnought Resources (DRE) identifies a gossanous outcrop over roughly one kilometre of strike at the Mangaroon Project in WA
  • The company is mapping and surface sampling the Money Intrusion and discovered the outcrop to the north, close to Bookathanna Bore
  • So far, DRE has mapped and sampled more than 45 kilometres of the intrusion with 32 high-tenor outcropping areas identified
  • The company will conduct a ground-based electromagnetic survey at the Bookathanna Bore and Lumpy's Find prospects in the September quarter

Dreadnought Resources (DRE) has identified a gossanous outcrop over roughly one kilometre of strike at the Mangaroon Project's Money Intrusion in Western Australia.


The company is mapping and surface sampling the intrusion and discovered the outcrop to the north, close to Bookathanna Bore.


Significant rock chip results included one per cent copper, six per cent nickel, 0.04 per cent cobalt and 0.1 grams of platinum-palladium-gold per tonne.


So far, DRE has mapped and sampled more than 45 kilometres of the intrusion with 32 areas of outcropping identified as high-tenor, three-phase blebby sulphides composed of pyrrhotite, chalcopyrite and pentlandite.


Dreadnought Managing Director Dean Tuck said identifying outcropping gossanous material along the Money Intrusion was an encouraging development further underscoring the potential for nickel-copper-PGE mineralisation.


"The systematic approach taken continues to bear fruit and we look forward to the results of the ground electromagnetic survey to define drill targets," he said.


In light of the number of sulphide occurrences identified through mapping, DRE is planning a ground-based electromagnetic survey at the Bookathanna Bore and Lumpy's Find prospects in the September quarter.


Read the Full Article on The Market Herald here

DRE IDENTIFIES HIGH-GRADE TANTALUM

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Dreadnought Resources (ASX:DRE) identifies high-grade tantalum at Peggy Sue

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) - Managing Director, Dean Tuck - The Market Herald
Managing Director, Dean Tuck
Source: Resources Roadhouse

  • Dreadnought Resources (DRE) identifies several clusters of high-grade tantalum at the Peggy Sue prospect within its Illaara Project in WA
  • The company is highly encouraged by this, as it indicates the potential of a large and fertile pegmatite system
  • Rock chip results also highlight anomalous lithium, however results only peaked at 0.37 per cent
  • Dreadnought plans to follow up on the results with more sampling and mapping which will be conducted in the next quarter

Dreadnought Resources (DRE) has received rock chip sampling results from the Peggy Sue prospect which is part of the Illaara Project in Western Australia.


The results have confirmed the presence of multiple clusters of high-grade tantalum mineralisation.


Tantalum values include 529 parts per million (ppm), 391ppm, 357ppm, 310ppm, 295ppm and 283ppm tantalum pentoxide.


Importantly, multiple clusters of high-grade mineralisation indicate the potential of a large and fertile pegmatite system.


Dreadnought also identified anomalous lithium, but in comparison to the tantalum results, the miner referred to the lithium values as "subdued" with a maximum result of 0.37 per cent lithium. According to the company, this could be due to the pegmatites being strongly zoned, or near surface leaching of the lithium minerals.


Managing Director Dean Tuck was encouraged by the first pass sampling results.


"Identifying these high-grade tantalum clusters from first pass sampling is highly encouraging. Tantalum is a critical metal where security of supply matters and Peggy Sue is ideally situated in a tier one jurisdiction."


Tantalum is a critical and unique metal that is mainly used in the aerospace, medical and military sectors. Its largest application is in high performance capacitors which is experiencing growth due to the roll-out of 5G infrastructure and electrification of homes, cars and workspaces.


Dreadnought will undertake more sampling and detailed mapping to follow up on these results and define the extents of mineralisation. This work will be conducted in the December quarter, with results expected before the end of the year.


Read the Full Article on The Market Herald here

DRE COMMENCES DRILLING AT TARRAJI-YAMPI

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Dreadnought Resources (ASX:DRE) commences drilling at Tarraji-Yampi Project

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) commences drilling at Tarraji-Yampi Project
Drill rig arriving at Chianti. Source: Dreadnought

  • Dreadnought Resources (DRE) commences reverse circulation drilling at the Chianti-Rufina prospect, located within the Tarraji-Yampi Project in WA
  • The program will include 19 holes for around 4010 metres, drilling at four prospects
  • Notably, this will be the first drilling program at Chianti since 1972
  • Additionally, Dreadnought also plans to undertake a fixed-loop electromagnetic survey this month to further define drill targets

Dreadnought Resources (DRE) has commenced reverse circulation (RC) drilling at Chianti-Rufina, located within the Tarraji-Yampi Project in WA.


The program will include 19 holes for around 4010 metres with drilling eventually moving on from Chianti-Rufina to Fuso, Paul’s Find and Orion.


Drilling at Chianti-Rufina is expected to take a week.


Interestingly, this will be the first drilling program at Chianti since 1972.


Since reopening the Yampi Sound Defence Training Area to mineral exploration, the Tarraji-Yampi project has seen its first-ever application of modern geophysical and geochemical methods.


So far, work has defined multiple large scale geophysical and geochemical anomalies, which have never previously been tested.


Dreadnought also plans to undertake a fixed-loop electromagnetic survey this month to further define drill targets.


Managing Director Dean Tuck is looking forward to exploring the West Kimberley area.


"To say that we are excited about the potential of this program is an understatement," Mr Tuck said.


Read the Full Article on The Market Herald here

DRE INTERSECTS SULPHIDES AT TEXAS

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Dreadnought Resources (ASX:DRE) intersects sulphides at Texas

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ASX:DRE
Dreadnought Resources (ASX:DRE) - Dreadnought Resources - The Market Herald
Dreadnought Resources
Source: Dreadnought Resources

  • Dreadnought Resources (DRE) intersects sulphides at the Tarraji-Yampi Project in WA's Kimberley region
  • A diamond drill hole at the Texas target has intersected mostly pyrrhotite with minor pyrite and chalcopyrite within the Ruins Dolerite
  • A second hole is planned to further test an electromagnetic plate
  • A 19-hole reverse circulation drilling program over 4010 metres at the Fuso, Paul's Find, Orion and Chianti-Rufina targets is expected to begin shortly

Dreadnought Resources (DRE) has intersected sulphides at the Tarraji-Yampi Project in Western Australia's Kimberley region.


Recent diamond drilling at the project's Texas nickel-copper-platinum group element target has intersected sulphides hosted within the Ruins Dolerite.


Specifically, the first hole intersected mostly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres and was drilled into a 550-by-260-metre electromagnetic (EM) plate.


DRE is planning to complete a second hole by mid-July, some 150 metres northeast of the first and to a depth of 180 metres, to test this EM plate further down plunge.


Dreadnought Resources Managing Director Dean Tuck said the find was a great start to the company's Kimberley exploration program.


"Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion," he said.


Looking elsewhere, preparations for a reverse circulation program at the Fuso, Paul's Find, Orion and Chianti-Rufina targets are underway with drilling on schedule to commence shortly.


The program will see 19 holes drilled over a combined 4010 metres, with further drilling updates and results planned throughout July and August.


Read the Full Article on The Market Herald here

DRE FIND IN ROUGH TRIANGLE SAMPLES WA

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Dreadnought Resources (ASX:DRE) finds mineralisation in Rough Triangle samples, WA

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ASX:DRE
Dreadnought Resources (ASX:DRE) finds mineralisation in Rough Triangle samples, WA
Workers at the Tarraji-Yampi project. Source: Dreadnought Resources

  • Dreadnought Resources (DRE) spikes in early trade after finding polymetallic mineralisation in rock chip samples at the Rough Triangle lode
  • Part of the Tarraji-Yampi project in WA, samples from Rough Triangle returned mineralisation for antimony, bismuth, copper and silver
  • Dreadnought is now taking on further sampling and mapping work to define drilling targets at the Rough Triangle lode
  • At the same time, the company says it plans to complete some reverse circulation drilling and survey work in other key project areas

Dreadnought Resources (DRE) has spiked in early trade after finding polymetallic mineralisation in rock chip samples at its Tarraji-Yampi project in Western Australia.


The company took 16 rock chip samples from the Rough Triangle lode in the project area, of which 13 samples returned mineralisation for several different minerals, including antimony, bismuth, copper and silver.


The mineralisation was returned over 600 metres of strike length.


One of the best samples from the program showed 18.5 per cent copper, 10.8 per cent antimony, 1.9 per cent bismuth, and 291 grams of silver per tonne.


Dreadnought is now taking on further sampling and mapping work to define drilling targets at the Rough Triangle lode. Assays from this work are expected in August this year.


Managing Director Dean Tuck said Dreadnought has "no shortage" of outcropping mineralisation at Tarraji-Yampi.


"There is certainly nothing more exciting than walking along walls of outcrop with copper staining," Mr Tuck said.


"The confirmation of high tenor antimony, bismuth, copper and silver is highly encouraging for a substantial system at Rough Triangle.

"We will continue to assess additional targets while undertaking our drilling programs at Texas, Fuso, Paul's Find, Orion and Chianti-Rufina."


While taking on this nearby reverse circulation drilling program, Dreadnought is also planning some fixed loop electromagnetic across the northern portion of the Orion prospect in the Tarraji-Yampi project area.


The company said it would also take on airborne magnetic surveys at the Yampi and Wombarella regions, with environmental surveys to be taken on across new targets for the 2022 field season.


The Rough Triangle lode


According to Dreadnought, the Rough Triangle lode was first identified and mapped over half a century ago by Western Mining Corporation (WMC).


Rough Triangle was mapped continuously for almost 1.3 km, with copper mineralisation allegedly evident throughout the lode.


Though the area was declared a "significant lode" by WMC in 1958, no exploration work has been completed across the area since then.


Nevertheless, Dreadnought's recent work marks the first samples to be collected from this prospective area.


The wider Tarraji-Yampi project area holds three styles of mineralisation, according to Dreadnought, which includes volcanogenic massive sulphide, proterozoic copper-gold, and magmatic sulphide nickel-copper-platinum group elements mineralisation.


Read the Full Article on The Market Herald here

DRE BEGINS LONG-AWAITED DRILLING PROGRAM

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Dreadnought Resources (ASX:DRE) begins long-awaited drilling program in the Kimberley

Mining

ASX:DRE
Dreadnought Resources (ASX:DRE) tumbles on latest Illaara drilling results

  • Dreadnought Resources (DRE) begins a much-anticipated drilling program at its Tarraji-Yampi Project in far-north Western Australia
  • Initial drilling will focus on the Texas nickel and copper prospect, where a single diamond hole will be drilled to 140 metres
  • Drilling will then move to the Orion prospect, before focusing on the Fuso and Paul's Find copper and gold targets and the Chianti-Rufina prospect
  • The region is under-explored and has not seen substantial work since Western Mining Corporation in 1958 and Australian Consolidated Minerals in 1972

Junior explorer Dreadnought Resources (DRE) has launched a much-anticipated drilling program at its Tarraji-Yampi Project in far-north Western Australia.


The project, which lies 85 kilometres east of Derby, forms part of the second-largest landholding in the region where three styles of mineralisation can be found: volcanogenic massive sulphides (VMS); Proterozoic copper and gold (IOCG); and magmatic sulphide nickel, copper and platinum-group elements (PGE). 


According to Dreadnought, there are several promising nickel, copper and gold targets that have so far been identified using TVEM surveys and surface sampling, along with the reinterpretation of drilling data collected by Western Mining Corporation in 1958 and Australian Consolidated Minerals in 1972.


One of these targets is the Texas nickel and copper prospect, which will be the initial focus of Dreadnought's drilling. A single diamond hole will be made to a depth of around 140 metres, testing anomalies within the Ruins Dolerite — the same structure that hosts Chalice Mining's Hawkstone Project.


Once completed, another three reverse circulation holes will be drilled at the Orion prospect to the east, with further holes to be made depending on the results of a simultaneous FLEM survey.


Further south, six reverse circulation holes totalling 1500 metres will be drilled at the Fuso copper and gold target, with another three to be drilled over 750 metres at the neighbouring Paul's Find target.


Finally, seven reverse circulation holes will be drilled at the Chianti-Rufina copper, zinc and silver prospect, totalling 1260 metres.


"We are embarking on a 20-hole diamond and RC drill program that will test targets over five high quality prospects," said Managing Director Dean Tuck.


"To say that we are excited about the potential of this program is an understatement."


Read the Full Article on The Market Herald here

ABOUT US

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Dreadnought Resources (ASX:DRE) is focused on delivering significant shareholder returns through the discovery of economic gold, copper and nickel deposits in the tier one jurisdiction of Western Australia.

Dreadnought will achieve these goals by:

  • Identifying projects with significant unrealized potential 
  • Focusing our technical effort and financial investment to effectively and efficiently generate and drill exciting mineralised targets 
  • Maintaining low overheads and keeping the market well informed through continuous activity and news flow

Dreadnought currently has three core projects which include the Tarraji-Yampi Ni-Cu-Au Project, the Illaara Gold & VMS Project and the Rocky Dam Au-Cu-Zn Project. 

The Tarraji-Yampi Ni-Cu-Au Project is located 85kms from Derby and has been locked up as a Defence reserve since 1978. It presents a rare first mover opportunity with known outcropping mineralisation and historic workings from the early 1900s which have seen no modern exploration. Three styles of mineralisation occur at Tarraji-Yampi including: volcanogenic massive sulphide (“VMS”); Proterozoic Cu-Au (“IOCG”); and magmatic sulphide Ni-Cu-PGE.

The Illaara Gold & VMS Project is located 160km northwest of Kalgoorlie in the Yilgarn Craton. The project covers 75kms of strike along the Illaara Greenstone Belt and is prospective for typical Archean mesothermal lode gold deposits and Cu-Zn VMS mineralisation.

The Rocky Dam Au-Cu-Zn Project is located 45kms east of Kalgoorlie in the Eastern Goldfields Superterrane of Western Australia. Rocky Dam is prospective for typical Archean mesothermal lode gold deposits and Cu-Zn VMS mineralisation.



VIDEOS

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Dreadnought Resources (ASX:DRE) with $8m raised to fast-track work across project sites.



Dreadnought Resources (ASX:DRE) completes $8m placement



Dreadnought Resources (ASX:DRE) finds new REE element ironstones



Dreadnought Resources (ASX:DRE) to participate in Govt. tax initiative



Dreadnought (ASX:DRE) hits sulphide veins at Tarraji-Yampi



Dreadnought (ASX:DRE) reports bonanza grades from Rough Triangle



DRE (ASX:DRE) flags potential large-scale system at Tarraji-Yampi



Dreadnought Resources (ASX:DRE) completes drilling at Tarraji-Yampi



Dreadnought Resources (ASX:DRE) confirms high-grade REE findings



(ASX:DRE) finds mineralisation in Rough Triangle samples, WA



Dreadnought Resources (ASX:DRE) to streamline portfolio with sale of Rocky Dam




Dreadnought Resources (ASX:DRE) hits gold at Illaara



Dreadnought Resources Managing Director Dean Tuck outlines Dreadnought’s 2021 Plans



Dreadnought Resources (ASX:DRE) finds encouraging targets at Illaara


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