Dreadnought RE project WA

Dreadnought Resources ‘exceeding expectations’ with drilling at Yin rare earth ironstone

Dreadnought Resources (ASX:DRE) reports that drilling at the Yin rare earth ironstone, within its 100% owned Mangaroon Project in the Gascoyne Region of Western Australia continues to exceed expectations.

The company reports that drilling is ongoing at Yin where 67 RC holes for 6,415m have been drilled to date.

Drilling has now confirmed mineralisation over 3km of strike, with the ironstones remaining open in all directions and at depth.

‘Thick, high-grade’ rare earth mineralisation from the first drill line at the Yin rare earth ironstones confirmed by laboratory assays.

Significant intercepts include:

  • YINRC005: 35m @ 2.75% TREO from 94m, including 15m @ 4.08% TREO from 105m
  • YINRC001: 34m @ 2.59% TREO from surface, including 10m @ 6.05% TREO from 11m
  • YINRC002: 31m @ 1.73% TREO from 24m, including 7m @ 3.47% TREO from 29m

Infill drilling at Yin is underway with an initial JORC Resource to be released in the December 2022 quarter.

Commenting on the drilling campaign, Dreadnought Managing Director Dean Tuck said: “Drilling at Yin continues to exceed expectations. With a second rig mobilising to site this month, we are confident that Yin will produce a substantial initial JORC Resource by the end of 2022.

“we are confident that Yin will produce a substantial initial JORC Resource by the end of 2022”

Once drilling at Yin is complete, the rigs will move to the Y3 ironstone and C1-C5 carbonatites.

We are seeing genuine scale here with runs already on the board and 66 further anomalies to be assessed by September 2022.”

Mangaroon is a first mover opportunity covering 4,500km-square located 250km south-east of Exmouth in the vastly underexplored Gascoyne Region of WA. Part of the project is targeting Ni-Cu-PGE and is subject to a joint venture with First Quantum Minerals (earning up to 70%).

The joint venture area contains outcropping high tenor Ni-Cu-PGE blebby sulphides in the recently defined Money Intrusion.

Dreadnought’s 100% owned areas contain outcropping high-grade gold bearing quartz veins along the Edmund and Minga Bar Faults and outcropping high-grade REE ironstones, similar to those under development at the Yangibana REE Project. Recently six potentially REE bearing carbonatite intrusions  have been identified which may also be the source of the regional rare earths.

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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.