Dreadnought Resources' Mangaroon project breakthrough

Dreadnought Resources (ASX:DRE) has announced a significant discovery at the Bordah prospect within the Mangaroon Gold Project in Western Australia. Covering over 5,300 km², the project is fully owned by Dreadnought. Recent findings include new outcropping base metal gossan and coincident VTEM anomalies, indicating promising mineralization similar to the Tiger prospect.

Overview of Dreadnought's exploration efforts

Dreadnought Resources has made a promising discovery at the Bordah prospect of their Mangaroon Gold Project, identifying new outcropping base metal gossan and VTEM anomalies. The project spans over 5,300 km² in Western Australia. The anomalies suggest significant mineralization, including copper, lead, silver, and gold, with some rock chip samples showing 6.6% Cu and 0.7% Pb. Dreadnought continues its exploration efforts, with further mapping and sampling expected to produce results by December 2024, and drilling targets anticipated in March 2025. The company's strategic focus is on using advanced techniques to explore under shallow cover and develop a pipeline of gold and base metal targets. Their goal is to become a self-funded explorer, leveraging potential high-grade discoveries.

Executive insights on recent discoveries

The VTEM survey was conducted over Mangaroon, targeting massive sulphides. Bordah's VTEM anomalies cover an area with no previous base metal exploration.