How Did Dreadnought Unearth High-Grade Gold at the Star of Mangaroon Mine?
Dreadnought Resources Ltd
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How Did Dreadnought Unearth High-Grade Gold at the Star of Mangaroon Mine?

Unearthing Riches in the Outback: Dreadnought Strikes Thick High-Grade Gold at Mangaroon

In the center of Western Australia's Gascoyne Region lies a treasure trove that has long been overlooked, but not for much longer. Dreadnought Resources Limited ("Dreadnought") has set its sights on reviving the historic gold riches of the Mangaroon Project, and their recent drilling campaign around the Star of Mangaroon gold mine has sent shockwaves through the exploration community.

With thick, high-grade gold intercepts that read like a prospector's dream—7 meters at 23. 0 grams per tonne (g/t) gold and 9 meters at 13. 4 g/t gold among them—Dreadnought is unearthing the potential of the Mangaroon Shear Zone. This vast, 10-kilometer stretch of land is shaping up to be a modern-day gold rush, and the results from the recent drilling campaign are just the beginning.

The Golden Discoveries: High-Grade Gold Strikes

In the recent drilling campaign, Dreadnought targeted the Star of Mangaroon gold mine, a historic producer of high-grade gold.

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The results have exceeded expectations, with highlights including:

SOMRC004: 9 meters at 13. 4 g/t Au from 9 meters, including 2 meters at 59. 4 g/t Au from 16 meters.
SOMRC005: 7 meters at 23. 0 g/t Au from 53 meters, including 3 meters at 48. 9 g/t Au from 54 meters.
SOMRC006: 8 meters at 15. 5 g/t Au from 89 meters, including 3 meters at 30. 4 g/t Au from 90 meters.

These intercepts not only confirm the high-grade gold potential around the Star of Mangaroon but also underline the untapped richness of the Mangaroon Shear Zone. It's worth noting that this historical mine had already yielded impressive results in the past, including hits like MA10: 4 meters at 26. 0 g/t Au from 9 meters and MA43: 1 meter at 53. 0 g/t Au from 18 meters.

The Shear Zone's Potential: A Camp-Scale Gold Frontier

The Mangaroon Shear Zone is the largest player in this unfolding gold narrative. Historically, it's been overshadowed by the Star of Mangaroon, but Dreadnought is poised to change that. With a length exceeding 10 kilometers, this shear zone has seen only limited shallow drilling over approximately 200 meters of its strike length.

However, recent efforts by Dreadnought have brought to light the zone's true potential. The company has identified seven new prospects within the area, marking a significant shift in the exploration landscape. While past ownership was fractured and small-scale, Dreadnought's consolidated ownership is allowing for large-scale modern exploration to finally take place.

Exploration Beyond Expectations: Anomalies and New Prospects

Dreadnought's exploration campaign is rewriting the book on the Mangaroon Project's potential. Some noteworthy developments include:

Generation of seven new targets, including Tiger, Rory, KG, Gilmore, Hudson, Elzie, and Sailor Man. Tiger, in particular, stands out with strong gold and pathfinder anomalies, even surpassing the historical mine's data.

Extension of anomalism at Popeye to over 500 meters under shallow cover. Popeye, known for its high-grade production, is showing its true potential.

Identification of drill targets at the Diamonds Gold Mine, where rock chips have yielded promising results.

Confirmation of gold in soil anomalies over the main historical mines, such as Star of Mangaroon and Two Peaks.

Dreadnought's work, which includes collating records, rock chipping, mapping, and airborne surveys, has opened up new avenues for exploration and is laying the foundation for future discoveries.

The Role of Modern Techniques: The Chrysos PhotonAssay

One key player in Dreadnought's success is the Chrysos PhotonAssay technique. This modern approach offers a more robust and reliable assessment of high-grade gold mineralization. With larger sample sizes and a focus on nuggety gold systems, Chrysos PhotonAssay is proving invaluable in this exploration effort.

The Gold Rush Revival: A Long-Term Asset in Uncertain Times

Amid global uncertainties, gold continues to shine as a long-term, strategic asset. Its role as a store of value in uncertain times is well-established. The demand for gold ETFs remains strong, and central banks are actively buying physical gold. Against the backdrop of banking sector uncertainties and geopolitical tensions, gold's status as a safe haven has never been more apparent.

Dreadnought Resources Limited is at the forefront of a modern gold rush in the Gascoyne Region of Western Australia. The Star of Mangaroon and the Mangaroon Shear Zone are revealing their true potential, and the company's systematic exploration efforts are delivering exceptional results.

As Dreadnought advances its exploration across both the Mangaroon and Central Yilgarn projects into 2024, the gold rush revival in this historically rich region is set to continue. With the potential for high-grade gold discoveries at depth and along the extensive Mangaroon Shear Zone, the future is indeed golden for Dreadnought and the Mangaroon Project.

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