Dreadnought Resources Limited (ASX:DRE) has completed the initial Resource for the Metzke’s Find gold deposit at the Central Yilgarn Project located in the Yilgarn Craton of Western Australia.
- Initial Independent Indicated and Inferred Mineral Resource Estimate for Metzke’s Find delivers 14.9kOz @ 6.8 g/t Au.
- Mineralisation at Metzke’s Find is high-grade and occurs at or near surface
- Following the consolidation of the Central Yilgarn Project in late 2022, a detailed review is nearing completion which will see a renewed focus on nickel and gold across the Illaara, Yerilgee, Evanston and South Elvire greenstone belts in 2023.
- The initial high-grade, near surface Resource at Metzke’s Find forms a starting point for additional discoveries and further growth across the highly prospective Central Yilgarn Project. Alternatively, the deposit could provide a high-grade source for nearby processing facilities.
The initial shallow and high- grade Resource over Metzke’s Find is a solid foundation for future discoveries and growth within the widely unexplored Central Yilgarn Project,” Managing Director, Dean Tuck, commented.
“This represents the first ever Resource declared over any part of the Central Yilgarn Project which covers four greenstone belts. We continue to view Central Yilgarn as having significant potential for gold and nickel which will be progressed in the background while we continue to focus on rare earths at Mangaroon.”
Metzke’s Find is located ~190km northwest of Kalgoorlie and forms part of the Central Yilgarn Project. Historically gold was discovered and worked at Metzke’s Find and the nearby Lawrence’s Find in the early 1900s.
Dreadnought acquired the project in 2020 and since that time has completed RC and diamond drilling to delineate the Resource. The drilling targeted historic workings and anomalous results from sparse historic drilling.
The Resource estimate for Metzke’s Find was completed independently by Payne Geological Services Pty Ltd. The high-grade Resource is based on drilling completed by Dreadnought. No historic data was used in the Resource.
Historically, mineralisation was thought to terminate at a cross cutting Proterozoic dyke located just north of the historic workings. A drill hole testing the continuation of the mineralised structure intersected gold north of the dyke in 2022. The Resource remains open at depth as well as to the north of the dyke.
The gold and nickel potential of the wider Central Yilgarn Project is currently under review. It is anticipated that further gold and nickel focused exploration will commence in 2023 targeting additional discoveries to underpin further growth.
