How Dreadnought Resources has confirmed new copper and nickel visuals in the Mangaroon Project?

Dreadnought Resources has announced that further significant visual Ni-Cu sulphides have been intersected by RC drilling at the Bookathanna North prospect in the Mangaroon Ni-Cu-PGE Project, situated in the Gascoyne Region of Western Australia. The Mangaroon project is part of the Money Intrusion, where a total of 10 holes (1,074m) were drilled, with down hole EM (“DHEM”) scheduled to commence in September 2023. The first hole of the program at Bookathanna North targeted a 37,000S conductor plate and intersected around 14m of Ni-Cu sulphide mineralisation from 37m. Visual, thick Ni-Cu mineralisation has now been confirmed over 400m strike, which remains open in all directions.

Assays from the program are expected throughout September/October 2023, while DHEM results are anticipated in October 2023. Given the tenor, style, and thickness of mineralisation, the entire Money Intrusion will be reassessed, with work to include Induced Polarization (“IP”) surveys aimed at searching deeper for massive sulphides and trap sites. This and any future programs will be entirely financed by First Quantum Minerals and handled by Dreadnought.

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Managing Director Dean Tuck explained that the search for additional trap sites is crucial because the Money Intrusion can form high tenor massive sulphides.

Subsequently, geophysical techniques used to date may have missed substantial targets, indicating that massive sulphides are not necessary for high-grade mineralisation. Dreadnought looks forward to re-assessing the entire Money Intrusion, with follow-up drilling and geophysics at Bookathanna North in 2023.

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