HIGH-GRADE GOLD AND SILVER AT CHICKEN LITTLE

Significant Intersections at Central Yilgarn Project

Dreadnought Resources Limited (ASX: DRE) has reported positive results from recent drilling at four targets within the 100%-owned Central Yilgarn project in Western Australia.

Highlights of the drilling program:

  • Assays have been received for a 13-hole (1,590m) RC reconnaissance drill program testing targets including Viper, Leghorn, Chicken Little, and Honey.
  • Anomalous gold mineralisation was intersected in all targets, with Chicken Little yielding particularly encouraging shallow, high-grade gold and silver results:
    • CYRC012: 17m @ 4.1 g/t Au and 28.0 g/t Ag from 53m, including:
      • 4m @ 14.9 g/t Au and 72.2 g/t Ag from 54m
    • BARAC0477: 24m @ 1.6 g/t Au from 0m, including 9m @ 3.3 g/t Au from 12m
    • CYRC008: 9m @ 0.4% Ni within an ultramafic unit at Leghorn, indicative of komatiite-hosted nickel sulphides.
  • Other significant past results from nearby targets include:
    • STKAC0118: 16m @ 1.9g/t Au from 0m, including 4m @ 8.5 g/t Au from 0m, Snowflake
    • STKAC0154: 9m @ 2.6g/t Au from 23m, including 3m @ 7.1 g/t Au from 26m, Megatron

Dreadnought’s Managing Director, Dean Tuck, commented:

Results from Chicken Little have met and exceeded expectations, and has brought our attention back to the T6 camp scale prospect which also contains previous gold hits at Megatron and Snowflake which were not tested as part of this program. The other prospects will return to the drawing board to reassess controlling structures and any follow-up targeting. Additionally, the possible komatiite-hosted nickel sulphide mineralisation at Leghorn will be technically reviewed to see if it warrants pursuit. The Yerilege greenstone belt which contains Chicken Little, Megatron and Snowflake at the T6 camp scale prospect and the T8 and T11 camp scale prospects will be the focus of further work at Central Yilgarn in addition to any follow-up work at Evanston and Illaara.

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