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Dreadnought Resources Limited ( (AU:DRE) ) just unveiled an update.
Dreadnought Resources Limited has announced promising results from its recent RC drilling at Steve’s Reward, part of the Mangaroon Gold project in Western Australia. The drilling has revealed significant gold-bearing lodes over a 1,000m strike, although some structural complexities and unexplained anomalies suggest that the current drilling orientation may not be optimal. To address this, the company plans to conduct diamond drilling to gain better structural insights, which will guide future exploration efforts. This development indicates potential for a substantial gold discovery, enhancing Dreadnought’s positioning in the resource exploration sector.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets gold and other valuable minerals, with a market focus on expanding its resource base and enhancing its exploration activities in Western Australia.
Average Trading Volume: 15,875,958
Technical Sentiment Signal: Buy
Current Market Cap: A$184.6M
See more data about DRE stock on TipRanks’ Stock Analysis page.