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Staff Writer

Dreadnought Resources (ASX: DRE) has intersected anomalous gold mineralisation in all four targets in from recent drilling at the 100% owned Central Yilgarn project located in Western Australia.

Particularly encouraging intersections of shallow, high-grade gold and silver included 17m @ 4.1 g/t Au and 28.0 g/t Ag from 53m, including 4m @ 14.9 g/t Au and 72.2 g/t Ag from 54m.

“Results from Chicken Little have met and exceeded expectations, and has brought our attention back to the T6 camp scale prospect which also contains previous gold hits at Megatron and Snowflake which were not tested as part of this programme,” Managing Director, Dean Tuck, said.

“The other prospects will return to the drawing board to reassess controlling structures and any follow up targeting. Additionally, the possible komatiite-hosted nickel sulphide mineralisation at Leghorn will be technically reviewed to see if it warrants pursuit. The Yerilgee greenstone belt which contains Chicken Little, Megatron and Snowflake at the T6 camp scale prospect and the T8 and T11 camp scale prospects will be the focus of further work at Central Yilgarn in addition to any follow up work at Evanston and Illaara.”

Central Yilgarn covers four greenstone belts within the highly prolific Yilgarn Craton of Western Australia. The project is located around 190km northwest of Kalgoorlie and is adjacent to numerous large gold operations including Davyhurst, Marda and Mt Ida.

Modern gold exploration only commenced in 2016 with wide spaced geochemical work to define evidence of camp scale gold, pathfinders and alteration signatures. Since then, detailed project scale geophysical (magnetics, gravity) and soil geochemical work has defined over a dozen camp scale prospects which have received only limited first pass AC and/or RC drilling. First pass drilling at several of these camp scale prospects intersected significant gold mineralisation that was not followed up.

For the first time ever, the Illaara, Yerilgee, Evanston and South Elvire greenstone belts are under one group’s control and can be assessed on a consolidated basis. Dreadnought has systematically merged all data in relation to the greenstones. This has resulted in the prioritisation of seven camp scale prospects (T1, T2, T6, T11, T18, T20, and T21). Importantly, three of these prospects have walk up targets which were drilled in this recent program. Target definition and generation work is ongoing.

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