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Dreadnought Resources Ltd.

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Summary

Project:

Illaara

Deposit:Metzke's Find
Location:Australia
Commodities:Gold
Date:7/17/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:17-7-2020: Dreadnought Resources Ltd. announces an Exploration/Drilling Update report for its Metzke's Find deposit at the Illaara project. Drilling results incl. 2m @ 1.6g/t Au from 44m. Dreadnought Resources Limited (“Dreadnought”)(ASX:DRE) is pleased t
Resources:x
CP/QP:[Overall Report] Dean Tuck (Internal)
ABSTRACT:Dreadnought Resources Limited (“Dreadnought”)(ASX:DRE) is pleased to announce the final results of its recent RC drill program (6 holes, average depth of 95m) at Metzke’s Find, part of the Illaara Gold-VMS Project. Drilling tested a bend in the mineralised structure where it was interpreted that deeper historical mining may have rendered historical shallow drilling ineffective. A fresh bedrock gold bearing lode was intersected in all holes with high grade intercepts returned from four of the six holes (Figure 1). Dreadnought Managing Director, Dean Tuck, commented: “The final two holes did not return the same grade as the first four. However, Metzke’s Find remains open along strike and at depth. We plan to commence RC drilling at Metzke’s Find again in August 2020 with a ~2,000m program to test Metzke’s Find at depth and along the 1.5km long mineralised shear. The additional drilling will also provide valuable information on the distribution of gold at Metzke’s Find. ~1,000m of RC Drilling at Longmore’s Find and Black Oak will follow.”

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