Chasing Ni-Cu-PGE And Au In Western Australia
Dreadnought Resources Limited (ASX:DRE) has commenced exploration activities at the Mangaroon Ni-Cu-PGE & Au Project, located ~250km from Exmouth in Western Australia.
Managing Director, Dean Tuck, said the survey is designed to generate anomalies along the Money Intrusion for Ni-Cu-PGEs and the Edmund and Minga Bar Faults for high-grade gold with results expected in April/May 2021. Anomalies identified will then see targeted infill sampling, prospect scale mapping and EM surveys in order to generate robust drill targets.
“We are excited to commence target definition and generation work at Mangaroon. For gold, we will assess historical gold mining areas that have never been drilled,” Mr Tuck said.
“In addition, we will follow up on historical drilling with high grade-gold intersections. For Ni-Cu-PGE, there is an extensive outcropping mineralised mafic intrusion with the potential to host high tenor massive sulphides that has never been the subject of a targeted exploration programme.
“Mangaroon contains a tantalising mix of precious and base metals potential to progress in 2021.”
Dreadnought has commenced target definition and generation work at Mangaroon. Soil sampling is currently underway targeting anomalous Ni-Cu-PGE mineralisation within the ~50km long Money Intrusion on a nominal 400x40m spacing. Soil sampling targeting gold mineralisation will then commence over the Edmund and Minga Bar Faults on a nominal 800 x 50m spacing with targeted 100x50m spacing over known gold occurrences at Cullen’s Find, White Well and Michell’s Find.
Results of these sampling programs are expected throughout April and May 2021.
In addition to soil sampling, a detailed airborne magnetic survey covering the Money Intrusion will commence in March 2021.
Dreadnought has now undertaken two reconnaissance trips to Lumpy’s Find and along the length of the Money Intrusion. This has confirmed magmatic Ni-Cu-PGE mineralisation in the form of blebby and disseminated high tenor two and three phase sulphides along the 50kms strike of the Money Intrusion.
With high tenor multiphase sulphides with pyrrhotite, chalcopyrite and pentlandite confirmed over a substantial strike length, work will focus on defining accumulations of massive sulphide using a combination of helicopter and ground-based EM, surface sampling and mapping.
Target definition work has commenced along the Money Intrusion with ~1,700 soil samples at a nominal 400x40m with an aim to have drill targets ready for drilling in mid-2021. In addition, a detailed airborne magnetic survey will commence in March 2021.
