Dreadnought Unveils Shallow, High-Grade Gold Hits at Mangaroon

Strong Start at Star of Mangaroon

Dreadnought Resources has delivered encouraging early results from its ongoing drilling program at the Mangaroon Gold Project in Western Australia's Gascoyne region. Assays from seven of 37 infill reverse circulation holes at the Star of Mangaroon prospect reveal shallow, thick zones of high-grade gold mineralisation. Notably, hole SOMRC062 returned 8 metres at 16.2 grams per tonne (g/t) gold starting from just 20 metres depth, including an exceptional 3 metres at 32.2 g/t. These intercepts extend mineralisation northwards, even into areas previously considered mined out, suggesting the deposit’s potential is larger than earlier understood.

Lesgo Prospect Emerges as New Target

Adding to the excitement, Dreadnought’s maiden drilling at the Lesgo prospect has confirmed shallow, high-grade bedrock mineralisation. The three holes drilled intersected a 2.6-kilometre-long shear zone with significant alteration and pathfinder elements. One standout intercept, LGRC001, returned 1 metre at 7.4 g/t gold and 49.9 g/t silver from 22 metres depth. This discovery opens a fresh front in the Mangaroon exploration campaign, with surface geochemical surveys now underway to refine targets ahead of further drilling.

Broader Exploration and Development Plans

While nine holes drilled around the Popeye prospect did not yield significant mineralisation, Dreadnought is gearing up for an expanded drilling program starting early September 2025. This next phase will test multiple prospects including Steve’s Reward and Lesgo, aiming to build on the current resource base. The company’s strategy to operate as a self-funded explorer hinges on developing a high-grade open pit at Star of Mangaroon, outsourcing funding and processing to third parties to reduce capital risk and focus on discovery.

Resource and Economic Outlook

The current Star of Mangaroon resource stands at approximately 23,300 ounces of gold at an average grade of 12.8 g/t, predominantly shallow and high-grade. The new drilling results are expected to positively impact this resource estimate and enhance the project’s already robust economics. Metallurgical testing has shown excellent gold recoveries averaging 96.7%, underscoring the deposit’s amenability to standard processing methods.

Looking Ahead

Dreadnought’s Managing Director Dean Tuck expressed optimism about the results, highlighting the consistency of grade control drilling and the potential for discovery at Lesgo. With the bulk of assay results pending and a busy drilling schedule ahead, the Mangaroon project is poised for a pivotal period that could reshape its valuation and development trajectory.