Highlights

  • Dreadnought Resources reported a 7-metre interval at 8.6 g/t gold from 8 metres at Metzke’s North.
  • The 2026 programme included 22 reverse circulation holes and 12 diamond holes across Metzke’s North and Metzke’s Find.
  • Four of eight diamond extension holes at Metzke’s Find intersected visible gold, with laboratory assays still pending.
  • The June 2026 Mineral Resource for Metzke’s Find and Metzke’s North totals 150,100 tonnes at 5.2 g/t gold for 24,900 ounces.
  • Diamond assay results are expected in November 2026, alongside ongoing metallurgical and project studies.

Dreadnought Resources (ASX:DRE) is a West Australian explorer focused on gold, critical and base metals. Its 6 October 2026 update detailed drilling results from Metzke’s North and Metzke’s Find within the 100%-owned Illaara Gold Project, including a shallow gold intercept and additional diamond drilling designed to test extensions below the current resource boundary.

Shallow Result at Metzke’s North

The leading reverse circulation result came from hole MZRC174, which returned 7 metres at 8.6 g/t gold from 8 metres, including 1 metre at 57.1 g/t from 8 metres. Other reported intersections included 2 metres at 4.2 g/t from 112 metres in MZRC180, 2 metres at 1.2 g/t from 21 metres in MZRC186, and 3 metres at 1.9 g/t from 30 metres in MZRC169.

The drilling programme comprised 22 reverse circulation holes for 1,958 metres and 12 diamond holes for 1,328.9 metres. The company describes Metzke’s North as a new discovery north of a Proterozoic dyke that had previously been considered a possible limit to higher-grade mineralisation.

Diamond Drilling Tests Resource Extensions

The diamond component had two purposes: four twinned holes for quality-control work and eight extension holes drilled beneath the existing resource boundary. Four of the eight extension holes intersected visible gold over logged intervals ranging from 0.55 metres to 2.94 metres.

Visible gold is a geological observation rather than a laboratory grade result. The diamond core has been cut and submitted for photon assay, and Dreadnought expects results from Metzke’s Find in November 2026. Geotechnical work on the core has also been completed, allowing metallurgical testwork to proceed.

2026 Mineral Resource Provides the Current Baseline

The Mineral Resource for Metzke’s Find and Metzke’s North, dated 23 June 2026, is 150,100 tonnes at 5.2 g/t gold for 24,900 ounces. This includes 106,800 tonnes at 6.0 g/t for 20,800 ounces in the Indicated category and 43,300 tonnes at 3.0 g/t for 4,200 ounces in the Inferred category.

The reported mineralisation occurs in quartz lodes within a foliated mafic sequence. The 2026 drilling is intended to improve the geological picture around the known lodes and test whether mineralisation extends beyond the current resource limits.

What Comes Next at Illaara

The next confirmed step is the return of laboratory assays from the diamond programme. These results will determine how the visible-gold observations compare with measured grades and whether the extension holes provide information relevant to future resource work.

Dreadnought also stated that its work at Metzke’s Find is progressing through studies, approvals and technical evaluation. No development decision has been announced, so the current focus remains on drilling results, assay data and subsequent project assessment.

Key Insights

The 2026 Metzke’s North result adds a shallow high-grade intercept to Dreadnought’s Illaara exploration programme, while the diamond drilling is testing continuity beyond the existing resource boundary. The current Mineral Resource provides a defined baseline, but the significance of the new diamond intersections will depend on pending assays and any later resource updates. The next set of laboratory results will therefore be central to understanding how the latest drilling fits into the broader Metzke’s Find and Metzke’s North geological model.