Dreadnought Resources Limited (ASX: DRE) has announced the discovery of a gossanous outcrop stretching over 1km in the northern section of the Money Intrusion at its Mangaroon Project in Western Australia.
Mapping and sampling
- Over 45km of the Money Intrusion was mapped and sampled, with 32 areas of outcropping high tenor, three phase blebby sulphides composed of pyrrhotite, chalcopyrite, and pentlandite.
- Gossanous material near Bookathanna Bore exhibited heavily disseminated, stringer, and net sulphide textures, and stretched over 1km along the Money Intrusion contact with adjacent granite.
- Standout rock chip results from Bookathanna included:
- MNRK0367: 1.0% Cu, 0.6% Ni, 0.04% Co, 0.1 g/t Pt-Pd-Au
- MNRK0366: 0.4% Cu, 0.4% Ni, 0.03% Co, 0.3 g/t Pt-Pd-Au
- MNRK0346: 0.4% Cu, 0.5% Ni, 0.02% Co, 0.3 g/t Pt-Pd-Au
Mangaroon project
Dreadnought’s 100%-owned Mangaroon Ni-Cu-PGE project covers over 4,500 km² of the Mangaroon Zone in the Gascoyne Region of Western Australia. The project remains in its early stages with limited modern exploration. Significant prospects include Lumpy’s Find, Money Intrusion, Bookathanna, Cullen’s Find, Edmund and Minga Bar Faults, Mitchell’s Find and White Well.
The company recently completed wide-spaced 800x50m soil sampling along the Edmund Fault and Minga Bar Faults, including close-spaced 100x50m target definition soils at Cullen’s Find, White Well, and Mitchell’s Find, with assays pending.
What’s next?
- Mapping and rock chipping along the Money Intrusion for Ni-Cu-PGE target generation are currently ongoing.
- Due to the number of sulphide occurrences identified through mapping, Dreadnought plans to commence a significant electromagnetic survey in the September 2021 Quarter at the Bookathanna Bore and Lumpy’s Find prospects.
- Project-wide multi-element stream sediment sampling; metallurgical test work on REE Ironstones at Yin; ground EM surveys along the Money Intrusion for Ni-Cu-PGE target definition, and detailed airborne magnetic-radiometric survey over REE ironstones.
“an encouraging development further underscoring the potential for Ni-Cu-PGE mineralisation”
Management comments
Dreadnought Managing Director Dean Tuck said: “Identifying outcropping gossanous material along the Money Intrusion is an encouraging development further underscoring the potential for Ni-Cu-PGE mineralisation.
The systematic approach taken continues to bear fruit and we look forward to the results of the ground electromagnetic survey to define drill targets.”
Images: Dreadnought Resources Limited
