Thick Mineralisation continues at C3 and drilling completed for 2022
Dreadnought Resources is pleased to announce that thick REE-Nb-P mineralisation continues to be intersected at the C3 carbonatite intrusion. The RC and diamond drilling program at Mangaroon is now complete for 2022, recommencing in February/March 2023.
The program has successfully:
- Discovered the Yin, Sabre and Y8 REE ironstones, part of the ~30km Yin REE ironstone complex and delivered an initial Resource drill out over just 3kms of the ~16km long Yin trend.
- Discovered six coherent zones of rare earth element (“REE”), niobium (“Nb”), titanium (“Ti”) and/or phosphorus (“P”) mineralisation within the ~9km x 1km C1-C5 carbonatites which remain open along strike and at depth.
- Delivered 19 diamond holes for additional detailed metallurgical test work across 3kms of the Yin trend with results by April 2023.
- The initial Yin Resource remains on track for delivery in December 2022.
- Additional drilling undertaken at C3 (7 RC holes for 1,135m and 1 diamond hole for 279.6m) continued to deliver thick REE, Nb and P mineralisation up to and in excess of 200m thickness.
- Nine extensional RC holes (1,365m) all successfully extended the REE ironstone mineralisation at Yin to depth.
- The C1-C5 carbonatite drill program was supported by DMIRS through the Exploration Incentive Scheme (EIS).
- All samples have been dispatched for analysis with assays continuing to be reported from December through February/March 2023.
- RC and diamond drilling is expected to recommence in February/ March 2023.