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Dreadnought Resources Ltd.
Summary
| Project: | Rocky Dam | |
|---|---|---|
| Deposit: | CRA-North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Definition | |
| Report details: | 2-6-2020: Dreadnought Resources Ltd. announces an Exploration/Drilling Update report for its CRA-North deposit at the Rocky Dam project. Drilling results incl. 45m @ 0.6g/t Au from 18m. Dreadnought Resources Limited (“Dreadnought”) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Oliver Judd (Internal) | |
| ABSTRACT: | Dreadnought Resources Limited (“Dreadnought”) is pleased to announce the results of its maiden RC drilling program at CRA-North, part of the Rocky Dam Gold-VMS Project located 45kms east of Kalgoorlie. Drilling was designed to target a high tenor gold-in-soil anomaly located along a sheared contract between felsic volcanics and sediments. Thick, near surface, oxide gold mineralisation was intersected associated with gossanous quartz veining. Mineralisation is interpreted to be striking NNW-SSE, dipping to the WSW and plunging north in line with the local foliation. Follow up drilling will be undertaken to the west to drill beneath the oxide mineralisation targeting fresh bedrock mineralisation. Dreadnought Managing Director, Dean Tuck, commented: “Our maiden drill results at CRA-North are highly encouraging with good widths and reasonable grades. The bedrock mineralisation and potentially higher grades are interpreted to sit to the west and at depth beneath the recent intercepts. The thick shallow oxide mineralisation combined with ~300m of strike and proximity to Kalgoorlie makes CRA-North an attractive target for further drilling as soon as logistically possible.” | |
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