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Yandal Resources (ASX:YRL) - Managing Director, Lorry Hughes (centre) - The Market Herald
Managing Director, Lorry Hughes (centre)
Source: Yandal Resources
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  • Yandal Resources (YRL) was up nearly 24 per cent today after revealing it had intersected up to 129g/t gold from the Sims Find Prospect in WA
  • Throughout the December quarter, the company drilled 39 angled reverse circulation (RC) holes to confirm and extend historical mineralisation
  • Some of the samples have been chosen for further drilling to aid in mineralisation evaluation and exploration targeting
  • Throughout the next two quarters, Yandal will undertake follow-up RC drilling at the Flinders Park, Quarter Moon, Oblique, Mt McClure and Rosewall prospects
  • The company will also complete a 20,000-metre drilling program at the Gordons Project to assess the potential to complete a maiden mineral resource estimate
  • Shares in Yandal are still up a healthy 21.3 per cent and are trading at 48.5 cents

Yandal Resources (YRL) was up nearly 24 per cent today after revealing it had intersected up to 129g/t gold from the Sims Find Prospect.

Sims Find is part of the Barwidgee Gold Project, which lies in the highly prospective Yandal Greenstone Belt in Western Australia.

Throughout the December quarter, 39 angled reverse circulation (RC) holes, for 2485 metres, were drilled to confirm and extend historical mineralisation.

Many of the holes intersected significant mineralisation with a best result of eight metres at 24.30g/t gold from nine metres including one metre at 129g/t gold from 12 metres returned.

Other results include three metres at 20.85g/t gold from 30 metres including one metre at 62.25g/t gold from 30 metres, and five metres at 6.53g/t gold gold at 17 metres including one metre at 30.40g/t gold from 17 metres.

Some of the intercepts have been chosen for further drilling to aid in mineralisation evaluation and exploration targeting.

"It is really quite astounding that we have been able to generate these high-grade intercepts and improve the prospectivity at Sims Find and the immediate adjacent areas with our first drill program," Managing Director Lorry Hughes commented.

"We have an incredible opportunity to take a big picture view with our consolidated ownership of the area and leverage off a number of highly anomalous historic intercepts to explore for major deposits along strike and at depth," he added.

Throughout the next two quarters, Yandal will undertake follow-up RC drilling at the Flinders Park, Quarter Moon, Oblique, Mt McClure and Rosewall prospects.

The company will also complete a 20,000 metre RC and aircore drilling program across the Gordons Project to assess the potential to complete a maiden mineral resource estimate.

Shares in Yandal are still up a healthy 21.3 per cent and are trading at 48.5 cents at 12:21 pm AEDT.

YRL by the numbers
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