The company said Metzke’s North is a new discovery north of a Proterozoic dyke that had previously been interpreted to cut off high-grade mineralisation at Metzke’s Find. The RC program covered 22 holes for 1,958m, mainly at Metzke’s North.
Reported RC results included 7m at 8.6g/t gold from 8m, including 1m at 57.1g/t gold from 8m, in MZRC174. Other reported intersections were 2m at 4.2g/t gold from 112m in MZRC180, 2m at 1.2g/t gold from 21m in MZRC186 and 3m at 1.9g/t gold from 30m in MZRC169.
Dreadnought has also completed a 12-hole, 1,328.9m diamond drilling program at Metzke’s Find. Four extension holes intersected visible gold over intervals of 0.55m to 2.94m, although the company said visual observations are not a substitute for laboratory assays, which it expects in November 2026.
The company reported a 2026 resource for Metzke’s Find and Metzke’s North of 150,100 tonnes at 5.2g/t gold for 24,900oz, including 20,800oz in the Indicated category. It said most mineralisation is contained within 140m of surface.
Further work listed by Dreadnought includes diamond drilling, metallurgical and geotechnical surveys, a resource update and economic studies. The company noted drill spacing at Metzke’s North is not suitable for mineral resource estimation.
Source: Download DRE official ASX announcement, 2026-10-06.
Photograph of the PXD diamond and Newgen RC rigs at Metzke’s Find, from Dreadnought Resources’ announcement dated 6 October 2026.