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Yandal Resources (ASX:YRL) - Managing Director, David Hughes - The Market Herald
Managing Director, David Hughes
Source: HotCopper
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  • Yandal Resources (YRL) has received assay results from reverse circulation drilling at the Gordons Dam prospect in the Kalgoorlie-Boulder Region of WA
  • Twenty-two holes, for 2531 metres, were completed at the prospect in March to test the primary gold mineralisation beneath the Gordons Dam palaeochannel discovery
  • Best results include two metres at 10.83 grams per tonne (g/t) gold from 118 metres to end-of-hole, including one metre at 20.68g/t from 118 metres
  • Yandal said the results are the highest primary gold grades to date, confirming high-grade structures and variably oriented gold-bearing sulphidic quartz veins with a subvertical dip
  • Diamond drilling is planned to determine the scale of the discovery and a detailed structural study will be undertaken to define exploration targets for upcoming diamond drill testing
  • Shares are trading 1.8 per cent lower at 55 cents each

Yandal Resources (YRL) has received assay results from reverse circulation (RC) drilling at the Gordons Dam prospect in the Kalgoorlie-Boulder Region of WA.

In March, 22 holes, for 2531 metres, were completed at the prospect, which is located within the Gordons gold project.

The drilling aimed to test the primary gold mineralisation beneath the Gordons
Dam palaeochannel discovery before designing expansion diamond and RC drilling at depth.

Best results include two metres at 10.83 grams per tonne (g/t) gold, from 118 metres to end-of-hole including one metre at 20.68g/t from 118 metres. There was also an intercept of two metres at 11.10g/t gold from 73 metres, including one metre at 20.41g/t from 73 metres.

Yandal said the results are the highest primary gold grades to date, confirming high-grade structures and variably oriented gold-bearing sulphidic quartz veins with a subvertical dip.

Further, the high-grade structures are said to occur in multiple zones and within a broader structural zone which is intruded by a mineralised porphyry unit.

One high-grade zone can be traced for over 200 metres in strike length oblique to the porphyry intrusion, it's open and Yandal said further drilling is required at depth.

Diamond drilling is planned to start next week to determine the scale of the discovery.

Also on the cards for this month, Yandal is planning to undertake a detailed structural study of the known mineralisation and geology to define large-scale exploration targets for diamond drill testing in the near term.

Results are pending for four-metre composite assays from the top 28 metres of each hole and from holes that were not completed to planned depth due to adverse drilling conditions.

Shares are trading 1.8 per cent lower at 55 cents each at 1:42 pm AEST.

YRL by the numbers
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