Dreadnought Resources Limited (ASX: DRE) has identified over 12km of gold-in-soil anomalies via its recently completed ultra-fine fraction soil survey at Metzke’s Find, part of the Illaara Gold-VMS Project north of Kalgoorlie.
Managing Director, Dean Tuck, said the survey was designed as a first pass programme to identify gold-in-soil anomalies and ultimately to generate targets for RC drill testing in 2020 and had successfully defined multiple gold-in-soil anomalies associated with prospective structures
Our recent RC drilling around the historic workings at Metzke’s Find intersected high-grade gold and highlighted a number of deeper bedrock drill targets. Drilling of these targets is planned to commence in May 2020,” Mr Tuck said.
“In addition, geophysics and geochemistry have identified that the historic workings are part of a 12km long anomalous corridor.
“Our recent ultra-fine fraction soil survey over this corridor has resulted in multiple gold-in- soil anomalies with strong pathfinder associations indicative of an orogenic gold system.
“These gold-in-soil anomalies are significant in scale and will be geologically mapped and possibly infilled to further constrain targets for drill testing in 2020.
“Dreadnought has a rapidly growing list of attractive drill- ready targets at Illaara including the deeper bedrock targets at Metzke’s and our VMS targets at Rodney and Warspite. Others will emerge out of our recent corridor work around Metzke’s and from Illaara Central.”
Metzke’s 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 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.
In March 2020, results of a 12 hole RC drilling program around the deeper historic workings confirmed bedrock gold mineralisation at Metzke’s with significant drill intercepts including:
- 2m @ 6.8 g/t Au from 79m including 1m @ 12.5 g/t Au from 80m
- 4m @ 1.9 g/t Au from 64m including 2m @ 3.1 g.t Au from 64m
These deeper workings are concentrated near a 10-15° bend in the mineralised structure which is a classic control for bedrock lode gold mineralisation. The deeper mining between the southern two drill traverses is also highly encouraging indicating more higher-grade mineralisation at depth.
A follow-up RC drill programme targeting these bedrock targets at Metzke’s is planned to commence this month.