Dreadnought Resources Ltd
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Dreadnought Resources Thick, High-Grade Rare Earths Drilling Results at Mangaroon Project
Gascoyne Region, Western Australia - Dreadnought Resources Limited ("Dreadnought"), a leading mining company, has announced the latest assay results from extensional and infill drilling at the Yin Ironstone Complex ("Yin") in their Mangaroon Project. The results highlight the presence of thick and high-grade rare earths, specifically neodymium and praseodymium (Nd2O3+Pr6O11 or NdPr), further emphasizing the global significance of the rare earth elements (REE) present at Mangaroon.
Impressive Intercepts
The infill drilling at Yin has yielded some of the thickest and highest-grade NdPr intercepts to date.
Ongoing Exploration and Future Prospects
Dreadnought is currently conducting first pass, wide-spaced (160m x 160m) RC drilling at the C1-C5 carbonatites, which have been extended by 3 kilometers, now totaling approximately 9 kilometers by 1 kilometer in dimension. The company anticipates an initial Resource for C3 to be announced in August 2023.
Commenting on the encouraging results, Dreadnought's Managing Director, Dean Tuck, stated, "The high-grade NdPr or 'payable' results underscore the global significance of Yin. We are also seeing the effectiveness of Dreadnought's regional geology model, the likely conversion of the large-scale Exploration Target, and the Resource intensity of Yin.
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The addition of high NdPr:TREO mineralization north of the current Yin Resource remains highly encouraging as we look to include that material in our next Resource update. "
With Resource drilling nearing completion, Dreadnought is excited to continue exploring the C1-C5 carbonatites, aiming to identify additional zones of high-grade rare earths.
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