Dreadnought Resources discovers REE at C3 and C4 targets within Mangaroon project
Dreadnought Resources has dispatched samples from C3 and C4 drilling for rush analysis, with assays expected next month.
Mineralised rare earth element (REE) carbonatites have been discovered a the C3 And C4 targets within Dreadnought Resources’ (ASX: DRE) Mangaroon project in Western Australia.
A reverse circulation (RC) drilling program is underway across the C1, C2, C3, C4 and C5 targets within the project.
To-date, Dreadnought has completed 14-hole fence line drilling across C3 and C4 over 2.3km.
The fence line program involved 80m spaced holes to an average depth of 165m.
Dreadnought managing director Dean Tuck said the initial drilling hit REE mineralisation in 13 of the 14 holes.
“The initial fence line drilling at C3 and C4 was designed to confirm the extent and complexity of the interpreted carbonatite intrusions and to better understand the cover regolith and depth of weathering,” he explained.
“The results have already exceeded expectations in identifying variable weathering and multiple carbonatite intrusions.”
Mr Tuck said mineralisation thick zones up to 54m wide of REE mineralisation was intercepted at both targets in fresh and weathered ore.
“We are already off to a good start so the next few months should be extremely exciting,” Mr Tuck added.
Drilling continues
The current drilling program at Mangaroon will cover C1 through to C5 and is due to be completed next month.
Dreadnought expects the program will gather further data to provide the company with a better understanding of the geology of the five targets.
As well as REE, Dreadnought has also identified other minerals at the targets including phosphate, titanium, graphite, and niobium.
Samples from C3 and C4 have been fast-tracked for “rush analysis” at the laboratory with assays anticipated next month.
Once the current RC program is completed across C1 to C5, Dreadnought plans to complete infill RC and diamond drilling campaigns.
Last week, the company revealed assays from drilling at the Yin target within the project.
Highlight intercepts were 24m at 2.57% total rare earth oxides from surface, including 11m at 4.50% TREO (28% neodymium-praseodymium:TREO) from 8m; and 31m at 1.64% TREO from 62m, including 6m at 6.73% TREO (31% NdPr:TREO) from 83m.