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

MT Newswires Live
Feb 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10