Dreadnought Resources Confirms Gold Mineralisation From All Drilling Program Targets at Western Australia Project; Shares Rise 14%

MT Newswires Live

02/09

Dreadnought Resources (ASX:DRE) said that a drilling program conducted last year at the Mangaroon gold project confirmed gold mineralization at all targets, according to a Monday filing with the Australian bourse.

Drilling yielded 25 meters at 1 gram per tonne gold from 22 meters, including 12 meters at 1.4 g/t gold from 25 meters, the filing said.

The results are the thickest intercepts to date and highlight the potential for bulk gold deposits in addition to the well-known narrow, high-grade gold, the filing added.

Shares of the company rose past 14% in recent Monday trade.

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