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FINWIRES

Dreadnought Resources Continues to Advance Gold Strategy in March Quarter; Shares Up 10%

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-- Dreadnought Resources (ASX:DRE) continued to advance its Finding More Gold, Faster strategy in Western Australia during the quarter ended March 31, according to a Monday filing with the Australian bourse.

The company secured a key regulatory approval for the mine development and closure proposal for open pit mining at the Star of Mangaroon project during the quarter, the filing said.

Additionally, the company yielded high-grade results at the Illaara project to expand the current resource along strike and produce material for metallurgical test work.

Shares rose 10% in afternoon trade on Monday.

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