Join our daily newsletter At The Bell to receive exclusive market insights
- Yandal Resources (YRL) has intersected significant gold mineralisation at the Mt McClure gold project in Western Australia
- Throughout the December quarter, 26 angled reverse circulation (RC) holes, totalling 2813 metres, were drilled across multiple prospects to confirm and extend known mineralisation
- Drilling focussed on the HMS Sulphur, Parmelia, Anomaly 37 and Challenger prospects with a best result of 12.24g/t gold intersected
- Yandal is now in the process of designing and preparing follow-up programs for the highest priority targets
- The company will also receive and interpret results from the Gordons and Barwidgee projects and continue RC drilling at the Sims Find Prospect
- Yandal has ended the day 1.14 per cent in the red with shares trading at 43.5 cents
Yandal Resources (YRL) has intersected significant gold mineralisation at the Mt McClure gold project in Western Australia.
Throughout the December quarter, 26 angled reverse circulation (RC) holes, totalling 2813 metres, were drilled to confirm and extend known mineralisation.
HMS Sulphur
Three holes, for 216 metres, were drilled at the HMS Sulphur Prospect with results confirming shallow mineralisation along a 100 metre strike.
Best results include 11 metres at 2.56g/t gold from 73 metres including one metre at 12.24g/t gold from 83 metres, and six metres at 1.61g/t gold from 36 metres including one metre at 5.35g/t gold from 39 metres.
HMS Sulphur remains open at depth, as no previous drilling has targeted the entire three-kilometre down-dip.
Parmelia and Anomaly 37
Five holes, totalling 536 metres, were drilled across the Parmelia and Anomaly 37 prospects, with one of the holes confirming the mineralisation extends 100 metres beyond the historic open pit.
Highlights include five metres at 1.79g/t gold from 93 metres including one metre at 5.29g/t gold from 93 metres.
Challenger
13 holes, for 1397 metres, were drilled at the Challenger North, South, Way South, Central and Anomaly 33 prospects to confirm and extend historical mineralisation.
The holes were drilled between 23 metres and 162 metres, and several of the prospects had their prospectivity upgraded.
Best results include seven metres at 2.59g/t gold from 84 metres including five metres at 3.56g/t gold and one metre at 10.58g/t gold from 84 metres.
The holes and results are now being assessed to outline the most prospective targets for follow-up drilling.
Yandal is now in the process of designing and preparing follow-up programs for the highest priority targets.
The company will also receive and interpret results from the Gordons and Barwidgee projects and continue RC drilling at the Sims Find Prospect.
Yandal has ended the day 1.14 per cent in the red with shares trading at 43.5 cents in a $41.26 million market cap.
