Dreadnought Resources commences drilling program

Dreadnought Resources Limited (ASX: $DRE) has initiated the drilling of four compelling gold targets at the 100% owned Central Yilgarn project in Western Australia. The approximately 1,800m Reverse Circulation (RC) program will focus on testing the Viper, Leghorn, Chicken Little, and Honey targets, each of which has known gold mineralization from limited previous exploration.

Executive Commentary on Central Yilgarn Drilling Program

Dreadnought's Managing Director, Dean Tuck, expressed excitement about the commencement of drilling at Central Yilgarn, particularly highlighting the testing of compelling targets at Viper, Leghorn, Chicken Little, and Honey. Tuck emphasized the strategic significance of consolidating high-quality gold opportunities, aligning with the recent surge in gold prices. He also mentioned the anticipation for the program's results in June 2024.

Summary of Central Yilgarn Drilling Program

The drilling program at Central Yilgarn marks a significant step for Dreadnought Resources, aiming to unlock the potential of the Central Yilgarn project. The company's strategy of consolidating high-quality gold opportunities aligns with the current surge in gold prices, reflecting a strategic move in a time of subdued gold prices. The commencement of drilling at Central Yilgarn underscores the company's commitment to pursuing high-grade gold opportunities within its portfolio. With results expected by June 2024, the program holds the promise of uncovering valuable insights into the gold targets at Viper, Leghorn, Chicken Little, and Honey, further shaping the company's future prospects and strategic direction.