High Grade Ni-Cu-Co-PGE Massive Sulphides Confirmed at Mangaroon
Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that rushed assay results from REYRC013 have been received from RC drilling at Bookathanna North along the 45km long Money Intrusion part of the Mangaroon Ni-Cu-PGE Project, located in the Gascoyne Region of Western Australia.
Dreadnought’s Managing Director, Dean Tuck, commented: “For the past two years, the work programs at the Money Intrusion have focused on confirming the fertility, high tenor and potential to form sulphide accumulations. This program has been a major leap forward confirming massive and semi-massive sulphides within thick halos of disseminated and net textured sulphides at a trap site within the Money Intrusion. These assay results have now confirmed observations and interpretations to date, further underscoring the potential of the Money Intrusion to host significant Ni-Cu-Co-PGE sulphide mineralisation.
There are two key outcomes from this program. Firstly, that the Money Intrusion can form high tenor massive sulphides and that the search for additional trap sites is an imperative. Secondly, given the high tenor of mineralisation, massive sulphides are not required for high-grade mineralisation and geophysical techniques used to date need to be
broadened.
We look forward to re-assessing the entire Money Intrusion, including follow up geophysics and drilling at Bookathanna North later in 2023.”