en.Wedoany.com Reported - Dreadnought Resources (ASX:DRE) has announced the discovery of a gold extension at Metzke's North within its Illaara Gold Project in Western Australia. The project has received assay results from the remaining 34 holes of a 57-hole reverse circulation drilling program at the Metzke deposit. The drilling aims to expand the current resource of 14,900 ounces at 6.80 g/t gold and confirm a northern offset extension previously thought to terminate mineralization.
Initial drilling has identified the Metzke's North offset extension, currently covering approximately 150 meters of strike, and remains open to the north and at depth. Significant intersections include: 4 meters at 6.60 g/t gold from 87 meters in hole MZRC143, including 1 meter at 23.10 g/t gold from 88 meters; and 1 meter at 17.40 g/t gold from 53 meters in hole MZRC151. Managing Director Dean Tuck stated that the program confirms the discovery of Metzke's North, extending over 150 meters of strike, with further testing planned for July 2026.
Tuck noted that the company is currently updating the resource and planning preliminary studies. All intersections lie outside the existing 'high-grade' resource and will be incorporated into a resource update scheduled for July 2026, followed by updated studies for open-pit and underground mining. The Metzke deposit includes historical workings spanning over 700 meters of strike, with a shallow 'high-grade' resource announced in 2023.
Metallurgical testing has confirmed strong gravity recovery averaging 78.5%, with combined gravity-CIL recovery averaging 98.9%. A reverse circulation and diamond drill rig will be mobilized in July 2026 to extend Metzke's North, test the deeper extensions of the Metzke deposit, and produce material for metallurgical and geotechnical studies. Dreadnought plans to submit a mining proposal and closure plan, followed by a scoping study, as part of its strategy to become a self-funded explorer. The Illaara Project is located within the Yilgarn Craton, covering approximately 800 square kilometers and 70 kilometers of strike, about 190 kilometers from Kalgoorlie, and near the Davyhurst and Bottle Creek processing plants.
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