Why is Dreadnought Resources excited about the Mangaroon Shear Zone?

Dreadnought Resources Limited has undertaken a comprehensive gold review at Mangaroon, located in the Gascoyne Region of Western Australia. The review has confirmed gold-in-soil and pathfinder anomalies at all historical workings and all along the targeted ~10km long Mangaroon Shear Zone. It also extended known mineralised structures under shallow cover and generated 7 new anomalies in areas with no known historical prospecting.

Mangaroon's untapped potential

The Mangaroon Shear Zone has numerous historic workings along it, but fractured, small-scale ownership has limited previous exploration, with only ~200m of the >10km having been drilled. However, Dreadnought’s regional consolidation has allowed for modern exploration to realise Mangaroon’s high-grade, camp scale potential.

What has the review revealed?

The review included collation of unpublished records, rock chipping and mapping of historical workings, flying detailed airborne magnetics survey, and undertaking an ultrafine fraction (“UFF”) soil survey. This work is ongoing and already features:

Generation of 7 new targets (Tiger, Rory, KG, Gilmore, Hudson, Elzie and Sailor Man).

Story Continues.. after this ad because we need some dollarydoos

Tiger stands out for having a stronger gold and pathfinder anomaly than the Star of Mangaroon itself, which is the main historical mine in the region.

Extension of anomalism at Popeye to >500m under shallow cover. Popeye contains a small shaft and rock chips to 121. 2 g/t Au, 179 g/t Ag (SM7) and 30. 1 g/t Au, 552 g/t Ag (RNLYD048).

Identification of significant visible gold at the Lead Gold Mine*, rock chips pending.

Definition of drill targets at the undrilled Diamond Gold Mine, rock chips to 74. 8 g/t Au (MNRK0515).

Definition of drill targets at the undrilled Mitchell’s Find, rock chips to 16. 4 g/t Au, 126 g/t Ag (RNLYD029).

Definition of gold in soil anomalies with pathfinder associations over the main historic mines (Star of Mangaroon, Two Peaks, Pritchard’s, Lead).

What's next?

RC drilling is planned to commence over the main historical mines being the Star of Mangaroon, Diamond Gold Mine and Lead Gold Mine in October 2023. Dreadnought’s Managing Director, Dean Tuck, said, "Mangaroon truly is the project that keeps on giving and we look forward to advancing towards gold and base metals discoveries as our successful rare earth drilling concludes. "

Promote your business on our growing investor platform: Advertise With Us

Like

168 Share

Trending