Dreadnought Resources’ (ASX: DRE) has recived assays from 10 shallow RC holes (903m) drilled around the Star of Mangaroon gold mine which have returned thick, high-grade gold.
Star of Mangaroon if part of the 100% owned Mangaroon Project, located in the Gascoyne Region of Western Australia.
These results have confirmed the high-grade gold potential around the Star of Mangaroon and along the >10km Mangaroon Shear Zone. This comes from the now consolidated project being systematically explored using modern techniques for the first time.” Managing Director, Dean Tuck, said.
“The Chrysos Photon Assay technique is also providing more robust and reliable assessment of the nuggety high-grade gold mineralisation.
“Dreadnought’s consolidation of gold projects over the past two years is starting to bear fruit as we advance gold exploration across both Mangaroon and Central Yilgarn into 2024.”
Star of Mangaroon
The Star of Mangaroon gold mine has been the largest historic gold producer in the Gascoyne region. Between 1960 and 1983 the mine produced 7,464 oz at an average grade of 34.8g/t Au1. The mine was discovered in 1956 by the local pastoralist, Allan McDonald. Most of the gold production came from underground with the lowest extraction level ~90m below surface.
The Star of Mangaroon has received little exploration work since its discovery.
The majority of historical drilling is within 50m of the surface. Only one hole has been drilled >100m which returned 4m @ 3.76 g/t Au from 176m (STMRC005) and highlights the potential of the lode to continue at depth.
A program of 18 RC holes (1,725m) and 2 diamond holes (137.9m) was recently drilled to confirm and extend existing mineralisation along strike and at depth. Significant results from the first 10 holes (903m) include: SOMRC004: 9m @ 13.4 g/t Au from 9m including 2m @ 59.4g/t Au from 16m SOMRC005: 7m @ 23.0 g/t Au from 53m including 3m @ 48.9g/t Au from 54m SOMRC006: 8m @ 15.5 g/t Au from 89m including 3m @ 30.4g/t Au from 90m.
