Join our daily newsletter At The Bell to receive exclusive market insights
- Yandal Resources (YRL) kickstarts the new year with rounds of fresh drilling at its Gordons gold project in Western Australia
- The company recently began a three-hole diamond program at the Bradman prospect to follow up on a previous encouraging drill result
- It also is about to start a five-hole program at Star of Gordon to follow up on high-grade mineralisation
- Additionally, Yandal is waiting on assays from the Gordons Dam prospect that it says will help deliver an initial mineral resource estimate
- YRL shares are up 1.32 per cent at 38.5 cents
Yandal Resources (YRL) has recommenced exploration work at its Gordons gold project in Western Australia.
Last week the company kicked off a round of three diamond drill holes at the Bradman prospect, designed to follow up a “highly significant” intercept of 11 metres grading 2 g/t gold from 257 metres including one metre at 9.9 g/t from 260 metres.
Yandal said it was also about to begin a five-hole diamond program at the Star of Gordon prospect aimed at following up on mineralisation discovered during drilling last year.
Stand-out intersections from the previous drilling at Star of Gordon included one metre at 19.8 g/t gold from 159 metres and 10 metres at 8.4 g/t from 43 metres including one metre at 52.5 g/t.
Yandal recently received assay results from a shallow reverse circulation (RC) drilling program completed at the Gordons Dam prospect, located about three kilometres north of Bradman.
Better hits from Gordons Dam included five metres at 3.7 g/t gold from 28 metres including one metre at 16.6 g/t, 23 metres at 1.2 g/t from 52 metres including two metres at 8.4 g/t and six metres at 1.5 g/t from 37 metres including one metre at 7.2 g/t.
The company said results, including those pending for a further 20 RC holes drilled at the prospect, will go towards an initial mineral resource estimate for Gordons Dam.
It also plans to undertake new infill RC drilling in late January.
“Our results throughout 2021 from multiple prospects were highly encouraging and with the number and quality of targets planned for testing, 2022 could well be a pivotal year for the company,” Managing Director Lorry Hughes said.
“Yandal is targeting 100,000-120,000 metres of drilling in 2022 and I look forward to building on the successes of last year to rapidly expand the mineral resource base.”
YRL shares were trading 1.32 per cent higher at 38.5 cents at 1:28 pm AEDT.
