Dreadnought (ASX:DRE) continue to strike success at Yin
Dreadnought Resources’ infill drilling at the Yin Ironstones complex has returned with some of the thickest and highest-grade intercepts of neodymium and praseodymium to date from within its fully owned Mangaroon Rare Earth project in the West Australian Gascoyne.
A 36m @ 2.75% TREO strike with a 31% NdPr:TREO ratio was the headliner, and one of many similar strikes which continue to bolster a resource showing massive scale.
Dreadnought Managing Director Dean Tuck said the high-grade NdPr results underscore the global significance of its ironstone resource.
“We are also seeing the effectiveness of Dreadnought’s regional geology model; the likely conversion of the large-scale Exploration Target; and the Resource intensity of Yin. The addition of high NdPr:TREO mineralisation north of the current Yin Resource remains highly encouraging as we look to include that material in our next Resource update,” Mr Tuck said.
“With Resource drilling nearly complete, we have returned to the C1-C5 carbonatites in search of further zones of high-grade rare earths and niobium and we look forward to additional discoveries within this highly prospective and fertile intrusive complex,” he added.
Drilling across 18 of the 43-kilometre-long ironstone discovery has now confirmed 14 kilometres of mineralised ironstones and discovered more high-grade NdPr mineralisation at the Y2 and Yin North prospects.
Just four kilometres of drilling brought in a resource of 20.06Mt @ 1.03% TREO to Mangaroon, and Dreadnought have a busy schedule ahead poised to add significant new tonnage.
Plan view of the recently completed drilling around the current Yin Resource
Forward plan
The infill campaign is almost finished, and results are tabbed to be part of a December resource upgrade which will also feature results from Y2, where drilling continues to encounter thick, near-surface, high grade NdPr mineralisation.
A maiden resource from C3 should be delivered this month, and first pass, wide spaced drilling across has already extended its collection of carbonatites, now totalling an area of nine by one kilometres.
The company also anticipate results of gold target generation surveys at Mangaroon this month, with September set to bring results of geophysical and geochemical surveys from its Central Yilgarn project.
Drilling will also begin at Tarraji-Yampi in the Kimberley, where surveying has revealed no less than 14 look-alike targets of the high-grade copper-silver-gold-cobalt Orion discovery which first put Dreadnought on the map.
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