Dreadnought Resources (ASX:DRE) has announced results from its first 6 mineralised follow-up holes at the Orion prospect within its Tarraji-Yampi Project in Western Australia, reporting ‘high grade’ copper, silver, gold and cobalt.
The results confirm massive sulphide mineralisation over 240m of strike from depths of 1m to 150m down dip, open along strike and at depth, with the geophysical modelling indicating that mineralisation extends to at least 500m in depth.
Highlight grades include:
- Hole KMRC022: 16m @ 2.2% Cu, 38.7g/t Ag, 6.6g/t Au, 0.40% Co from 77m
- Hole KMRC026: 19m @ 1.0% Cu, 23.2g/t Ag, 1.1g/t Au, 0.06% Co from 92m
- Hole KMRC019: 12m @ 1.3% Cu, 23.2g/t Ag, 1.1g/t Au, 0.06% Co from 83m
- Hole KMRC021: 14m @ 0.6% Cu, 11.3 g/t Ag, 0.3g/t Au, 0.01% Co from 43m
Addressing the results, Dreadnought Resources Managing Director Dean Tuck said: “With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade Cu-Ag-Au-Co discovery occurring just 1m below surface. With 13 mineralised holes remaining to be assayed, including our deepest, and our oxide and supergene intercepts, we expect more high-grade intercepts to come. This is an amazing outcome from what is our second ever drill program at Tarraji-Yampi, the first programs here since 1958/1972 and an indication of the potential for this highly prospective and underexplored ground to produce more discoveries.”
“With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade Cu-Ag-Au-Co discovery occurring just 1m below surface”
Dreadnought reports that the 2021 field season saw a total of 29 RC holes for 3,240m drilled at Orion, with 18 holes hitting massive/semi-massive sulphides, oxide and/or supergene mineralisation.
Subsequent to early drilling success from the year’s first program, downhole and fixed loop EM surveys modelled the Orion anomaly to over 400m in strike and at least 500m in depth, with figures restricted by the EM survey’s capabilities.
The Tarraji-Yampi project is situated within the Yampi Sound Commonwealth Defence Reserve in the West Kimberley, approximately 80km from the port of Derby. The reserve had been off-limits to exploration for 35 years until 2013.
Historical copper-focused exploration was undertaken by WMC Resources in the 1950’s and Australian Consolidated Minerals in the early 1970’s.
The company notes that assays from an additional 13 mineralised holes, including supergene and oxide intercepts, are expected in early December.
Images: Dreadnought Resources Limited