Dreadnought Resources Limited (ASX:DRE) is confident it has landed on an active VMS system following the receipt of more results from its RC drilling campaign at the Illaara Gold Project in WA.
The company is undertaking drilling at the Rodney, Warspite, Reindler’s and Bismarck targets at Illaara, with all targets returning encouraging results confirming the presence of an active VMS system within the Illaara Greenstone Belt.
Logging observations indicated that the massive sulphides intersected were dominantly pyrite and pyrrhotite with locally trace levels of chalcopyrite and sphalerite. The geological setting and pathfinder geochemistry support the interpretation of a highly prospective VMS system.
Managing Director, Dean Tuck, said that given the extensive ~40kms of confirmed strike of VMS horizons, Dreadnought will next seek further advice from VMS experts to determine an exploration strategy to effectively and efficiently vector into higher tenor mineralisation.
In the meantime, the company will prioritise gold exploration at Illaara to follow up on the recent results within the Metzke’s corridor and further target generation work at Lawrence’s and extensions from the recently identified Black Oak targets.
These results are encouraging and indicate an active VMS system at Illaara,” Mr Tuck said.
“Our targeting methods of geochemical sampling of outcropping gossans plus identifying EM anomalies within the VMS horizons, are successfully identifying massive sulphides dominated by pyrite and pyrrhotite.
“Our methods need to be refined, using the information obtained from this program, to effectively and efficiently vector into higher tenor base metal massive sulphides. A team of VMS experts will be consulted in this regard. While that review is going on, Dreadnought will continue to actively explore for gold along the Metzke’s corridor.”