Thick rare earth ironstones confirmed at the Sabre (Y3) discovery
- RC drilling has intersected thick, rare earth element (REE) mineralisation over ~1km strike and open in all directions at the Sabre discovery (formerly Y3). Sabre is interpreted to be a 2-3km long REE bearing ironstone swarm that both outcrops and extends under shallow cover.
- Main Sabre ironstone lode confirmed as a sub-vertical lode with intercepts up to 21m in thickness in multiple drill lines with potential parallel lodes in excess of 7m also intersected in wide spaced fence lines.
- First pass, wide spaced drilling at Sabre and Y8 (possible extension of Sabre) is expected to finish in mid September 2022. The RC rig will then mobilise to the C1-C5 carbonatite targets. Importantly, the carbonatites could be the source REE intrusions for the region analogous to Mt Weld (ASX.LYC) and Mountain Pass (NYSE.MP).
- Assays from Sabre are expected in early November 2022 with follow up JORC Resource drilling to commence upon completion of the C1-C5 drilling. A JORC Resource is expected in the March 2023 quarter.
Dreadnought Resources is pleased to announce that RC drilling has intersected thick, mineralised, REE ironstones at the Sabre discovery (formerly Y3), within its 100% owned Mangaroon Project in the Gascoyne Region of Western Australia.
Drilling is underway at Sabre as part of a program comprising 29 holes for ~3,000m. Drilling to date (19 holes, 2,102m) has already intersected multiple ironstones from surface including the main Sabre REE ironstone comprising thick 10-21m intersections over ~1km. Mineralisation has been confirmed with pXRF and assays are expected in November 2022.