High-grade gold highlights potential for multiple deposits at Dreadnought’s project
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Dreadnought Resources’ (ASX:DRE) maiden drilling at the Longmore’s Find target within its Illaara project in WA’s Yilgarn Craton has struck gold with the highest ever intersection of 1m grading 100 grams per tonne (g/t) gold from a depth of 56m at the Metzke’s Corridor.
Drilling has also hit gold at the Black Oak prospect, confirming the potential for the roughly 10km long Metzke’s Corridor to contain multiple high-grade deposits.
The company has already identified over a dozen gold-in-soil anomalies within the area, several of which are drill ready.
It plans to resume reverse circulation drilling in November followed by diamond drilling at Longmore’s Find, Metzke’s Find and Metzke’s South.
The Illaara Gold-VMS-Iron Ore project is 190km from Kalgoorlie and covers about 900sqkm over 75km of strike along the entire Illaara Greenstone Belt.
Given the long history of iron ore mining in the region, the project is well situated in relation to existing road and rail infrastructure connecting it to a number of export ports.
Navarre Minerals (ASX:NML) and Catalyst Metals (ASX:CYL) have confirmed the southern continuity of multiple gold structures that were first intersected in the 2019 drilling program at their Tandarra gold project 40km north of the historical Bendigo goldfield in Victoria.
Four step-out diamond holes, drilled to test a further 400m strike extent of a large discordant west-dipping fault that is thought to control the emplacement of gold mineralisation at the Tomorrow Zone, intersected all interpreted target zones.
Assays returned a top result of 1m at 82.3g/t gold though the associated gold mineralisation is thinly developed in this setting.
Two of the holes did not intersect significant mineralisation, indicating the possible southern limit of gold mineralisation in the target zone.
However, the results still outline considerable potential for further extensions and repetitions of Tomorrow Zone gold mineralisation along strike and at depth.
Separately, reconnaissance aircore drilling has confirmed 1.4km strike of gold mineralisation at the Macnaughtan Zone with the best result of 2m at 44.8g/t gold within a broader 13m intersection grading 7.8g/t gold from 78m.
Mineralisation remains open to the south where basement topography falls away to the southwest increasing the thickness of sedimentary cover beyond the capacity of the aircore drill rig being used.
Meanwhile, Predictive Discovery (ASX:PDI) has expanded its Bankan project in Guinea after drilling hit a broad 91.6m intersection averaging 1.9g/t gold at the Bankan Creek prospect.
The company says the result is suggestive of a large gold mineralised body that may contribute substantially to the planned resource estimate in mid-2021.
It added that gold mineralisation at the Bankan Creek prospect appears to be widening at depth and to the north.
The next phase of drilling at Bankan will test the full extent of the Bankan Creek prospect.
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