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Dreadnought Resources Ltd.

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Summary

Project:

Illaara

Deposit:Illaara
Location:Australia
Commodities:Gold
Date:7/15/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-7-2020: Dreadnought Resources Ltd. announces an Exploration/Drilling Update report for its Illaara deposit at the Illaara project. Drilling results incl. 1m @ 1.1% Zn, 1.1g/t Ag, 0.7g/t Au from 143m. Dreadnought Resources Limited (“Dreadnought”) is ple
Resources:x
CP/QP:[Overall Report] Dean Tuck (Internal)
ABSTRACT:Dreadnought Resources Limited (“Dreadnought”) is pleased to provide an exploration update from the RC drilling at the Rodney, Warspite, Reindler’s and Bismarck VMS targets at the Illaara Gold-VMS Project. Rodney, Warspite, Reindler’s and Bismarck all returned encouraging results from the drilling which confirm the presence of an active VMS system within the Illaara Greenstone Belt. As observed in the logging, the massive sulphides intersected were dominantly pyrite and pyrrhotite with locally trace levels of chalcopyrite and sphalerite. The geological setting and pathfinder geochemistry support the interpretation of a highly prospective VMS system. DHEM results confirm that the FLEM anomalies have been adequately tested, with most of modelled conductances being stronger than originally modelled. Base metal rich massive sulphides can have a much lower conductance which is being overshadowed by the highly conductive pyrite-pyrrhotite or, in the case of Bismarck, graphitic black shales.

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