Dreadnought Resources (ASX:DRE) has begun surface sampling programs at the Star of Mangaroon camp scale gold prospect in Western Australia, which is expected to generate and define new drill targets.
The $62.66 million market capitalisation company is expecting results to be returned in April and May 2024.
Dreadnought also reports that it has received results of target generation soil sampling, which continues to expand the Star of Mangaroon.
What was originally thought to be a 10km long shear zone with historical workings has now expanded to a 15km by 10km zone with strong gold-in-stream sediments and pathfinder anomalism.
Managing Director Dean Tuck says exploration continues to bear fruit and supports the company’s conviction that Mangaroon has the potential to deliver ‘significant’ gold discoveries.
“The expanding gold-in-soil and pathfinder footprint of the Star of Mangaroon continues to grow and remains open in several directions.
An intensive re-interpretation of the geology of the area on the back of our detailed surveys including airborne magnetic and radiometric surveys, combined with the learnings from our target generation and target testing work, has identified over 12 targets.
With our new structural interpretation, we are seeing strong evidence of an intrusion-related gold system with an orogenic overprint, similar to the Tintina Gold Belt in Alaska and Canada. This is groundbreaking work in this underexplored region and will assist greatly in target definition and testing throughout 2024.”
The company reports the recent stream sediment surveys have defined camp scale anomalism over the historical workings, recently generated targets, and new areas of interest to the south and west.
Anomalism over these new areas cover a ‘major’ structural corridor coinciding with broader and ‘stronger’ gold and pathfinder results.
Mangaroon covers a more than 5,000km-square area in the Gascoyne region of Western Australia.
Dreadnought Resources is an Australian mineral explorer focused on the diverse mix of geological terrains and target commodities.
Write to Aaliyah Rogan at Mining.com.au
Images: Dreadnought Resources
