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Dreadnought Resources Identifies 12 Gold Corridors, Narrows Targets
Dreadnought Resources identifies 12 mineralised corridors at Illaara gold project in WA. First-pass drilling tested 10% of belt; MD says it's one of the last major belts without systematic gold exploration. Infill drilling set for H2 2026.
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Dreadnought Resources (ASX:DRE) has identified 12 mineralised corridors from first-pass air core drilling at its wholly owned Illaara gold project in Western Australia's Yilgarn region. The program, about 500 holes covering roughly 35,000 metres, tested only 10% of the greenstone belt. It was completed in June 2026, with assay results still flowing through August.
"Illaara is one of the last major belts that has never had systematic gold exploration," Managing Director Dean Tuck said. "That is the significant opportunity in front of us." The belt was previously held for iron ore potential, not gold, making it one of the most underexplored in the Yilgarn Craton.
The air core drilling is designed to cut through deep weathered soil and sample the fresher rock underneath, looking for alteration patterns common around gold. Tuck said the technique, combined with magnetic and gravity surveys, helps narrow a large area down to priority targets. The company has already reduced its focus from roughly 60 square kilometres of greenstone to 5-10 square kilometres for follow-up infill drilling.