Dreadnought (ASX:DRE) reveals seven camp-scale prospects at Central YilgarnFebruary 8, 2024
A review over Dreadnought Resources’ fully owned gold tenements has unveiled seven camp-scale gold prospects with a trio of walk-up targets ready for the drill at its Central Yilgarn Project.
Each prospect has proven mineralisation from previous exploration and each is largely unexplored through the tenements’ history of fractured ownership.
But they are now collected under the Dreadnought banner, with Managing Director Dean Tuck saying the company’s intensive review following its first consolidation of four prospects and underexplored greenstone belts in the prolific Yilgarn Craton had yielded strong results.
“Seven camp-scale gold prospects with known gold mineralisation have been identified, three with drill-ready targets. Honey is an analogue for the company-making Wattle Dam deposit and is our top priority,” Mr Tuck said.
“Other drill-ready targets include large anomalies at Viper, Leghorn and Chicken Little. We are looking forward to advancing these targets in this high gold-price environment.”
The region has historically served as iron ore territory, with these tenements previously held by companies looking to develop mines north of Koolyanobbing, with established road, rail, and port connections ready to serve the eventuation of gold mining.
Modern gold exploration only began in 2016, and soil geochemical work was successful in defining more than a dozen camp-scale prospects untouched by any more than first-pass AC and RC drilling.
And gold mining remains an unsurprising mainstay of resources, re-proven time and again as a long-term strategic asset, with a Silver Lake and Red 5 merger the first apparent domino to fall for an industry moving toward a heavy period of consolidation.
Dreadnought is continuing target definition and generation work across all prospects and is preparing to get the rig spinning at the drill-ready Viper prospect for this June quarter.
• T1: 15 metres at 1.5 grams per tonne gold from 12m, including 3m @ 6.7g/t Au from 12m (Viper Target)
• T2: 48m @ 0.7g/t Au from 27m, incl. 21m @ 1.3 g/t Au from 54m (Leghorn Target)
• T6: 24m @ 1.6 g/t Au from 0m, incl. 9m @ 3.3g/t Au from 12m (Chicken Little)
• T6: 9m @ 2.6g/t Au from 23m, incl. 3m @ 7.1 g/t Au from 26m (Megatron Target)
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