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.
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