Dreadnought Resources (ASX:DRE) has identified 12 gold-mineralised corridors at its Illaara Gold Project in Western Australia after receiving assays from 380 aircore holes.
The corridors range from about 1.5km to more than 7km in strike length and contain gold alongside pathfinder elements associated with orogenic systems, including silver, arsenic, molybdenum, antimony, tellurium, and tungsten.
The assays form part of a completed 500-hole program totalling approximately 35,000m, representing the first systematic aircore campaign across the 800km² project.
Dreadnought says the program has tested around 10% of the Illaara greenstone belt and identified almost 40km of mineralised corridors.
Managing Director Dean Tuck says the wide-spaced drilling is intended to identify structures warranting closer exploration.
“Our first-pass drilling has two goals: find the structures worth chasing and rule out the ground that is not, narrowing a very large area down to the smaller number of priority targets most likely to deliver a discovery,” Tuck says.
Drilling extended the Black Oak corridor to more than 7km. Results include 21m @ 0.3 grams per tonne (g/t) gold (Au) from surface, including 3m @ 1.10g/t Au from 3m. Another hole returned 9m @ 0.5g/t Au from 33m, including 3m @ 1.4g/t Au from 36m.
At CRA-Homestead, which extends for about 2km, drilling returned 30m @ 0.2g/t Au from 90m.
Wide-spaced drilling identified another 10 anomalous mineralised corridors beyond Black Oak and CRA-Homestead.
Dreadnought plans to begin infill drilling at priority prospects in August to better define the mineralised structures. Further first-pass drilling will also begin across untested parts of Illaara, while outstanding assays from the completed program are expected during the month.
The company acquired Illaara from Newmont (NYSE:NEM) in 2019 before consolidating the remainder of the greenstone belt through subsequent acquisitions.
Illaara contains the Metzke’s find mineral resource of 150,100 tonnes @ 5.20g/t Au for 24,900 ounces, which remains open along strike and at depth.
Write to France Pinzon at Mining.com.au
Images: Dreadnought Resources
