Dreadnought Resources Limited (“Dreadnought”) is pleased to provide an update on RC drilling activities at Nelson and Trafalgar Cu-Pb-Zn-Ag prospects, part of the Illaara Project in the Yilgarn Region of Western Australia.
HIGHLIGHTS
- RC drilling has intersected massive sulphide mineralisation at the Nelson and Trafalgar Cu-Pb-ZnAg-Au prospects including base metal sulphides, well defined exhalative horizons and footwall alteration – all supportive of a fertile Volcanogenic Massive Sulphide (“VMS”) system. Trafalgar has potential to be a Au-Ag system rather than base metals.
- Drilling at both prospects also intersected several thick (10-34m) pegmatites interpreted to be a combination of flat lying and subvertical fertile Lithium-Caesium-Tantalum (“LCT”) pegmatites at both prospects.
- Down hole EM (“DHEM”) is currently underway, which will guide follow up RC drilling while the rig is still at Illaara.
- Initial assay results are expected in April/May 2022.
Nine holes (1,807m) have been drilled at Nelson and Trafalgar targeting coincident geochemical – magnetic – fixed loop EM (“FLEM”) anomalies. Drilling at Nelson (6 holes for 1,173m) intersected massive sulphides (including minor chalcopyrite, sphalerite and galena), exhalative horizons, and strong footwall alteration indicative of a fertile base metal rich VMS system. Drilling at Trafalgar (3 holes for 634m) intersected multiple massive sulphide horizons associated with intense quartz veining and carbonate alteration more indicative of an Au-Ag system. Encouragingly, several thick 10-34m thick flat lying and subvertical fertile LCT pegmatites were also intersected at both Nelson and Trafalgar.
Dreadnought’s Managing Director, Dean Tuck, commented:
“Confirming an extensive fertile base metal VMS system at Nelson, with similarities to the early stage drilling results at Jaguar and Bentley, is a great start to the drilling program. DHEM is underway and we look forward to follow-up drilling in April 2022. We were also pleasantly surprised with intersections of multiple thick fertile LCT pegmatites across both prospects which has significantly expanded the footprint of Peggy Sue. Drilling has now commenced at Spitfire after which it will proceed to Metzke’s Find and King’s Iron Ore prospects giving us time to design further drill holes at Nelson before mobilising to Mangaroon.”
