How Has Dreadnought Resources Expanded the Gold Prospect Area?
Dreadnought Resources Ltd
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How Has Dreadnought Resources Expanded the Gold Prospect Area?

Expanding Horizons: Dreadnought Resources' Star of Mangaroon Gold Prospect

Dreadnought Resources Limited has announced significant expansions and promising developments at its Star of Mangaroon camp scale gold prospect, located in Western Australia's Gascoyne Region. Initial exploration has exceeded expectations, revealing a prospect area that now spans approximately 12km by 5km, marked by strong gold-in-soil and pathfinder anomalies. This advancement underscores the potential of Mangaroon to host significant gold discoveries, akin to the notable Tintina Gold Belt in Alaska and Canada.

Uncovering Potential: Expansion and Discovery

What began as an exploration of a 10km long shear zone has burgeoned into a 12km by 5km zone of interest. This area is characterized by compelling gold-in-soil anomalies and a suite of pathfinder elements indicative of a zoned intrusion-related gold system with an orogenic overprint.

Infill Soil Survey Insights

The infill soil survey has underscored the Tiger anomaly as one of the most significant in the region, with a strike over 1km and a dense core of gold and pathfinder elements. Further extensional surveys have added six new broad-scale anomalies to the prospect area, extending it by about 3kms.

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Geological Interpretations

Dreadnought's detailed geophysical surveys and reinterpretation efforts have identified over 12 targets, suggesting the presence of an intrusion-related gold system. This new structural interpretation points to a geological setting that mirrors the prolific Tintina Gold Belt.

Mangaroon Gold: A Camp Scale Prospect

Mangaroon Gold, entirely owned by Dreadnought, spans over 5,000km², focusing on an initial area around the expanding prospect. The area is located between significant geological faults and has seen minimal exploration due to fragmented ownership in the past. Dreadnought's consolidation efforts have enabled the first modern, large-scale exploration of this potentially rich gold-bearing region.

Historical Context and Modern Exploration

Dreadnought's modern exploration techniques have unveiled new prospects with signatures surpassing those of historical mines. High-grade gold intersections have been reported, highlighting the shallow, high-grade gold potential within the prospect.

Strategic Significance of Gold

In times of economic uncertainty, gold's value as a strategic, global asset becomes increasingly pertinent. Dreadnought's exploration efforts are timely, tapping into the growing demand for gold amidst rising geopolitical tensions and market volatility.

Upcoming Milestones

Dreadnought anticipates a busy year ahead with multiple updates expected across its projects. Results from soil and stream surveys are due soon, with follow-up sampling and mapping scheduled for April 2024 to define further drill targets. The company's exploration activities are a testament to its commitment to unlocking the significant gold potential of the Mangaroon region.

Dreadnought Resources' exploration at the Star of Mangaroon gold prospect is setting the stage for what could be a transformative period for the company and the wider region. With each work program, the prospect continues to expand, revealing a camp scale potential that could rival established gold-producing regions. As Dreadnought proceeds with its systematic exploration strategy, the future looks promising for this burgeoning gold frontier in Western Australia.

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