Dreadnought Resources‘ extensive review over its consolidated 5000 square kilometres of fully owned gold territory at Mangaroon has generated several targets and shown potential for its polymetallic project in the Gascoyne to have high-grade and camp-scale gold potential.
While considered highly prospective and host to numerous historical workings, fractured ownership of the 10-kilometre long Mangaroon shear zone has limited past drilling to a scant 200 metres.
But now fully under the Dreadnought banner, an extensive ongoing first review including record collation, rock chipping, mapping, airborne magnetic and ultrafine fraction surveys have yielded high-end gold opportunities across the untapped shear zone.
The review yielded seven new targets, with the Tiger target showing a stronger gold anomaly than the region’s main historical mine, the Star of Mangaroon.
It also extended anomalism at Popeye to more than 500 metres of shallow cover with rock chips up to 121.2g/t gold, while identifying visible gold and defining drill targets and gold in soil anomalies across the area’s historic mine sites.
Dreadnought Managing Director Dean Tuck said successful review came off the back of its first ever-consolidation of the project.
Detailed magnetics and surface geochemical surveys have further enhanced our understandings of the controls on mineralisation and generated a number of highly prospective anomalies in structurally favourable positions,” Mr Tuck said.
“Importantly, this is just the tip of the iceberg with no modern exploration and drilling over only ~200m of the >10km of strike, the regional opportunity is substantial and will make for an exciting drill program in October 2023.”
He added that Mangaroon truly is the project that keeps on giving, and the company looked forward to advancing towards gold and base metal discoveries as concluded a successful rare earth drilling campaign.
The review is ongoing, and Dreadnought plan RC drilling to begin over the main historical mines in October this year.
Multi-metal Mangaroon
Fresh off a third rare earth resource holding 10.84Mt @ 1.00% TREO and significant levels of niobium, phosphate, titanium, and scandium which elevated the global Mangaroon resource to over 30Mt, Dreadnought backed it up later in the week with a massive sulphide strike.
The first hole into the Bookathanna North prospect struck 14 metres of nickel-copper sulphide mineralisationand caused a rush of samples to the lab and on the Dreadnought share price, with the heightened promise of an exceedingly rare fertile Ni-Cu-PGE system on hand at its joint venture portion of the project with $20b market capper First Quantum Minerals.
It builds a busy rest of the year ahead for Dreadnought, with a rare earth resource upgrade from the Yin Ironstones ticketed as the final item for 2023.
