Dreadnought keen on Metzke's gold potential

DREADNOUGHT Resources is encouraged by both drilling and earlier stage gold exploration work at Metzke’s Find, part of the Illaara project 190km north west of Kalgoorlie in Western Australia.
Dreadnought keen on Metzke's gold potential Dreadnought keen on Metzke's gold potential Dreadnought keen on Metzke's gold potential Dreadnought keen on Metzke's gold potential Dreadnought keen on Metzke's gold potential

Drilling in historical mining country, Metzke's Find, WA

Drill results from Metzke's included headline assays of 2m at 12.8 grams per tonne gold from 51m and 8m at 8.1gpt from 84m - with the true width of the mineralisation unknown - while three new targets have been generated along strike and adjacent to the drilled prospect.

Metzke's is an historical mining area.

Cash-strapped Dreadnought is exploring for both gold and VMS deposits at Illaara, with the ground acquired from Newmont in mid-2019.

The company is led by chairman Paul Chapman and MD Dean Tuck.

Dreadnought raised A$500,000 in May when it issued new shares priced at 0.4c each.

Shares in Dreadnought closed up 25% to 1c Monday, capitalising the company at $17 million.