Dreadnought Resources (ASX: DRE) has commenced RC drilling at the Star of Mangaroon and Lead Gold Mines part of the Mangaroon Au Project, located in the Gascoyne Region of Western Australia.
Since adding the Mangaroon Project to the portfolio in November 2020, Dreadnought has delivered multiple rare earth, critical metal and nickel-copper-PGE discoveries,” Managing Director, Dean Tuck, said.
“But from day one, we have been keen to pursue and unlock the high-grade gold potential. With our 2021-2023 acquisitions of the Star of Mangaroon, Two Peaks, Pritchard, the Lead and the Diamonds Gold Mines, we have consolidated this historical gold field under one ownership structure, we have commenced the first ever systematic gold exploration programme that the region has seen since gold was first discovered by pastoralists in the 1960s.
“This drill programme marks the beginning of high-grade gold exploration at Mangaroon as we aim to deliver a trifecta of discoveries in three major commodities across the project. We look forward to delivering this program and the work ahead. Following this programme we will roll straight into the follow up drilling at the Money Intrusion funded by First Quantum.”
Mangaroon Gold is 100% owned by Dreadnought and covers over 5,000 sq. km of highly prospective ground.
The initial focus area is an approximately 40km by 20km area around the10km long Mangaroon Shear Zone – a linkage structure between the crustal scale Minga Bar and Edmund Faults.
Numerous historical workings along the Shear Zone which has remarkably only seen limited shallow drilling along ~200m of strike at the Star of Mangaroon.
Dreadnought is deploying modern geochemical and geophysical techniques to explore for mineralisation under shallow cover.
Initial geochemical and geophysical surveys have generated new prospects with stronger and larger signatures than the historical mines, including the region’s largest high-grade producer at the Star of Mangaroon.