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Dreadnought Resources Ltd.

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Summary

Project:

Ilaara

Deposit:CRA Homestead, Lawrences Find
Location:Australia
Commodities:Gold
Date:1/31/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:31-1-2020: Dreadnought Resources Ltd. announces an Exploration/Drilling Update report for its CRA Homestead, Lawrences Find deposit at the Ilaara project. Drilling results incl. 8m @ 0.35g/t Au from 153m. Dreadnought Resources Limited (“Dreadnought”) is p
Resources:x
CP/QP:[Overall Report]: Oliver Judd (Internal)
ABSTRACT:Dreadnought Resources Limited (“Dreadnought”) is pleased to announce the results of the recent RC drilling program at CRA Homestead and Lawrence’s Find. A total of 8 holes for 1,228m of RC drilling was completed at the CRA Homestead (3 holes) and Lawrence’s Find (5 holes). At CRA Homestead, a thicker than anticipated saprolite indicates deep weathering along an altered and mineralised shear zone. Supergene gold anomalism was intersected near the base of the saprolite with a majority of the bedrock remaining untested (Figure 1). While these results support potential for orogenic gold mineralisation, testing below the supergene gold anomaly is a lower priority than other shallower targets at Illaara. At Lawrence’s Find, anomalous gold was intersected in the altered horizons, but does this not warrant immediate follow up. Future work at Lawrence’s Find will focus on the main body of a ~5km long geochemical anomaly identified by the previous owner, Newmont.

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