Dreadnought Resources Limited (ASX:DRE) has intersected high-grade gold at its Metzke’s Find prospect with significant intercepts over a strike length of ~250m within the Illaara Gold-VMS Project north of Kalgoorlie in WA.
The company’s follow up RC drill programme of six holes at an average depth of 95m tested a bend in the mineralised structure where it was interpreted that deeper historical mining may have rendered historical shallow drilling ineffective.
Managing Director, Dean Tuck, said a fresh bedrock gold bearing lode was intersected in all holes with high grade intercepts returned from four holes – two holes remain outstanding. The mineralised lode remains open along strike and at depth.
Our most recent drill program at Metzke’s Find has produced significant results from the fresh bedrock lode under the historical workings,” Mr Tuck said.
“These results extend over a strike length of 250m with the mineralisation remaining open along strike and at depth with potential for multiple lodes.
“We will determine our specific follow up plans once we receive assays for the remaining two holes.”
Results from the first six holes included:
- 2m @ 12.8 g/t Au from 51m including 1m @ 24.8 g/t Au from 51m;
- 8m @ 8.1 g/t Au from 84m including 3m @ 21.0 g.t Au from 85m;
- 13m @ 4.2 g/t Au from 48m including 7m @7.5 g/t Au from 51m; and
- 5m @ 2.4 g/t Au from 71m including 1m @ 11.3 g/t Au from 71m
Metzke’s Find consists of historic workings which extend over 700m in strike and sit within a 12km long orogenic gold corridor defined by the previous owner, Newmont.
Metzke’s Find itself has seen limited exploration in the 1980s and 1990s and, to the extent undertaken, focused on and around the historic workings. No work has taken place along the corridor to the north and south.