Dreadnought Resources (ASX:DRE) said recent fieldwork extended the high-grade gold lode at Steve's Reward deposit at its Mangaroon gold project in Western Australia to 1,000 meters from around 300 meters and identified additional parallel or splay lodes with high-grade rock chips, according to a bourse filing with the ASX on Tuesday.
It also confirmed gold mineralization at the Midday Moon target, which was defined by gold in soil anomalism with reconnaissance rock chips. It plans to drill at the target in June. the filing said.
The firm's shares rose 7% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.