Dreadnought Resources Limited (ASX:DRE) has defined three strong targets through a ground based FLEM survey at Orion, part of the Tarraji-Yampi Project in the Kimberley Region of Western Australia.
The programme, which was designed to define Ni-Cu-PGE targets at Orion ahead of the 2021 RC drilling programme, has identified strong conductors which are coincident with magnetic anomalies within the Ruins Dolerite.
Managing Director, Dean Tuck, said the correlation of the FLEM and magnetic anomalies is supportive of massive pyrrhotite mineralisation as seen in magmatic Ni-Cu-PGE systems. Previous mapping at Orion identified blebby pyrrhotite-chalcopyrite mineralisation within the Ruins Dolerite, further supporting the potential of the system.
Dreadnought is pleased to have defined three conductors at Orion ahead of the 2021 drilling programme,” Mr Tuck said.
“These are the strongest conductors defined to date at Tarraji-Yampi and are highly encouraging of a mineralised Ni-Cu- PGE system at Orion.
“There are other prospective areas at Orion which will also be in June 2021. We look forward to testing these targets as part of the drilling programme commencing in June 2021.”
Texas and Orion are magmatic Ni-Cu-PGE targets hosted within the Ruins Dolerite. In 2015, an airborne VTEM survey was flown resulting in the identification of Texas and Orion as multiple EM anomalies +/- coincident magnetic anomalies hosted within a thick Ruins Dolerite sequence.
In 2019, Dreadnought conducted a detailed airborne magnetics survey and a FLEM survey at Texas identifying a strong conductor within the Ruins Dolerite.
Recent field work at Orion identified outcropping disseminated and blebby sulphides in sub-cropping Ruins Dolerite in close proximity to the airborne VTEM anomalies. This indicates sulphur saturation within the Ruins Dolerite and means the VTEM anomalies may be associated with massive sulphide accumulations.
With all approvals in place, drilling will commence as soon as the roads are opened after the late wet season in June 2021.
Due to time constraints, not all VTEM-mag anomalies at Orion were surveyed. Additional surveys will be undertaken when field crews mobilise to site in June. Any additional drill targets defined will be drilled as part of the June 2021 RC drilling programme.