Yin drilling complete and significant growth potential

  • Dreadnought Resources reports “significant” growth potential at its Yin prospect, within its Mangaroon project in WA’s Gascoyne region
  • The company has completed a major reverse circulation drill program over three kilometres at the prospect, with mineralisation remaining open in all directions and at depth
  • However, magnetic data has indicated the main Yin trend extends for over 16 kilometres in strike
  • Dreadnought Resources is now mobilising an RC drill rig to test five carbonatite targets next month and also plans to announce a maiden mineral resource estimate later this year

Dreadnought Resources is pleased to announce that infill RC drilling has continued to intersect thick, mineralised, REE ironstones at Yin, within its 100% owned Mangaroon Project in the Gascoyne Region of Western Australia.

Dreadnought’s Managing Director, Dean Tuck, commented: “With over 12,000m of drilling now complete at Yin, our understanding of the petrophysical properties has significantly improved. This understanding has led to the identification of the Yin trend extending for ~16kms in strike, on which to date we have only drill tested ~3kms. We have also identified three new ironstone trends, including a possible link between Yin and Y3 and a new carbonatite target at C7. We look forward to receiving assay results from our new targets and to inspecting the remaining 100 targets in our database.”

Read the full asx announcement here.