Dreadnought Resources has released the results from its inaugural drilling campaign at the Tiger Cu-Au-Zn-Ag VMS prospect in the Mangaroon Gold Project, located in the Gascoyne Region of Western Australia.
The campaign comprised eight reverse circulation holes totalling 1,456m and revealed mineralisation including high-grade zinc, copper, lead, silver, and gold intercepts.
The highlights include intercepts from hole TIGERC003 with 12m at 3.6% Zn, 0.5% Cu, 0.4% Pb, 13.4g/t Ag, and 0.1g/t Au from 31m.
Additionally, hole TIGERC002 showed 9m at 1.4% Zn, 0.3% Cu, 0.3% Pb, 11.5g/t Ag, and 0.1g/t Au from 31m.
Furthermore, down-hole electromagnetic and magnetometric resistivity surveys identified five off-hole conductors indicative of massive sulphide mineralisation.
The conductors are scheduled for drilling in September, supported by the Western Australian Government's Exploration Incentive Scheme and a drill-for-equity agreement with Topdrill.
Dreadnought's Managing Director, Dean Tuck, remarked, "Tiger is off to a roaring start with significant mineralisation and five off-hole conductors identified in the first-ever drilling program."
"We look forward to returning to Tiger to test the off-hole conductors which have a geophysical signature consistent with massive sulphides," Tuck added.
This marks a critical milestone for Dreadnought Resources as it embarks on the next phase of exploration at the Mangaroon Gold Project, reinforcing its potential as a significant mineral resource in Western Australia.
Dreadnought Resources is an ASX-listed exploration and development company focusing on acquiring and exploring high-quality projects within the state of Western Australia.
At the time of reporting, Dreadnought Resources’ share price was $0.017.