Dreadnought Resources

Dreadnought intersects sulphides in Ruins Dolerite at Texas Ni-Cu-PGE target

Dreadnought Resources Limited (ASX: DRE) has intersected sulphides within the Ruins Dolerite from diamond drilling at the Texas Ni-Cu-PGE target, part of the Tarraji-Yampi Project in the West Kimberley region of Western Australia.

  • Sulphides, dominated by pyrrhotite with minor pyrite and chalcopyrite, hosted within the Ruins Dolerite were intersected from 56.75–57.55m in the first hole TXDD001, drilled into a 550m x 280m EM plate at Texas.
  • Drill hole logging and description of first hole TXDD001 are as shown below.

  • The company’s second diamond hole TXDD002, located ~150m to the Northeast of TXDD001, will be drilled to a depth of 180m to test the EM plate further down plunge.
  • Preparations for the RC drilling program at Fuso (6 holes), Paul’s Find (3 holes), Orion (3 holes), and Chianti-Rufina (7 holes) for a total of 19 holes for ~4,010m are currently underway. Drilling is expected to commence in early July 2021.
  • The company is anticipating drilling updates and assay results throughout July and August 2021.
Pyrrhotite and minor pyrite and chalcopyrite in Ruins Dolerite
Pyrrhotite and minor pyrite and chalcopyrite in Ruins Dolerite

Tarraji-Yampi project

The Tarraji-Yampi Ni-Cu-Au project is located entirely within the Yampi Sound Training Area (YSTA), a Commonwealth owned defence reserve in the West Kimberley, ~80kms from the port of Derby in Western Australia.

Three styles of mineralisation occur at Tarraji-Yampi: volcanogenic massive sulphide (VMS); Proterozoic Cu-Au (IOCG); and magmatic sulphide Ni-Cu-PGE.

The company has approvals in place for drilling Texas and Orion Ni-Cu-PGE targets, the Fuso and Paul’s Find Cu-Au targets, and the Chianti-Rufina VMS targets.

Updates and next steps

Ongoing and upcoming work programs at Tarraji-Yampi are as below:

Commenced: Diamond drilling at Texas; target definition work across Tarraji and Yampi.

June/July: Additional FLEM surveys at northern portion of Orion, followed by down hole EM surveys.

July: Diamond drilling at Texas and RC drilling at Fuso, Paul’s Find, Orion and Chianti-Rufina; detailed airborne magnetic survey over Yampi and Wombarella; environmental surveys across new targets for the 2022 field season.

Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas”

Management comments

Dreadnought’s Managing Director, Dean Tuck, commented: “Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion.

This is a great start to our exploration program in the Kimberley and we look forward to progressing the diamond and RC drilling programs.”

Images: Dreadnought Resources Limited
Written By Jonathan Norris
Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.