Dreadnought Resources (ASX:DRE) said an around 500 air core drill hole program for 35,000 meters helped identify 12 distinct gold-mineralized corridors at the Illaara project in Western Australia, according to a Monday Australian bourse filing.

A follow-up infill program is being planned to begin in August, which will seek to further define the mineralized structures.

Its shares fell 7% in recent trading on Monday.