Total
0
Shares
Yandal Resources (ASX:YRL) - Managing Director, David Hughes - The Market Herald
Managing Director, David Hughes
Source: HotCopper
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Yandal Resources (YRL) has received assay results from reverse circulation (RC) drilling at the Sims Find and Flinders Park prospects in WA
  • 38 holes were drilled at Sims Find with aims to evaluate the resource potential, while three were drilled at Flinders Park to test for new shallow oxide mineralisation
  • Grades peaked at 42.67g/t gold from Sims Find and 14.98g/t gold from Flinders Park
  • Yandal will resume RC and aircore drilling programs as early as possible in the new year
  • Yandal has ended the day 8.11 per cent in the green with shares trading at 40 cents

Yandal Resources (YRL) has received assay results from reverse circulation (RC) drilling at the Sims Find and Flinders Park prospects.

These prospects respectively lie within the Barwidgee and Ironstone Well projects with both situated in the highly prospective Yandal Greenstone Belt in Western Australia.

Sims Find

38 RC holes, for 2440 metres, were drilled at Sims Find along strike from areas of historic mine workings.

Drilling was completed over an area of 400 metres in length and aimed to evaluate the resource potential.

Yandal has only received results from the first nine holes, however, a number of highly significant intercepts were received.

Best results include four metres at 42.67g/t gold within eight metres at 27.76g/t gold from 12 metres, and four metres at 3.75g/t gold within 36 metres at 0.56g/t gold from eight metres.

Flinders Park

Three RC holes, for 198 metres, were drilled at the Flinders Park Prospect to test for new shallow oxide mineralisation.

All of the holes returned significant intercepts with grades peaking at 14.98g/t gold.

Results include four metres at 14.98g/t gold within 12 metres at 5.46g/t gold from 36 metres, and four metres at 14.22g/t gold within 16 metres at 4.68g/t gold from 44 metres.

"These new results further demonstrate the potential to grow our resource base and the fact that the intercepts are from very shallow depths is particularly encouraging," Managing Director Lorry Hughes said.

"I look forward to receiving the remainder of the pending results from all our Yandal Belt projects and then resuming aggressive aircore and RC programs as early as possible in 2021," he added.

Yandal has ended the day 8.11 per cent in the green with shares trading at 40 cents in a $37.15 million market cap.

YRL by the numbers
More From The Market Herald
Frontier Resources (ASX:FNT) completes site investigation at Tolukuma

" Frontier Resources (ASX:FNT) completes site investigation at Tolukuma

Frontier Resources (FNT) has completed a geotechnical site investigation of the proposed drilling pads at Saki Gold Prospect.
Empire Energy (ASX:EEG) - CEO and Managing Director, Alex Underwood - The Market Herald

" Empire Energy (ASX:EEG) raises $30M to acquire Pangaea NT tenement

Empire Energy (EEG) has successfully raised $30 million via a two-tranche placement.
The Market Herald Video

" Prospect Resources (ASX:PSC) set to raise $6.5M for Arcadia

Prospect Resources (PSC) has received subscriptions to undertake a $6.5 million placement.
Corazon Mining (ASX:CZN) - Managing Director, Brett Smith - The Market Herald

" Corazon Mining (ASX:CZN) spies new conductors at Lynn Lake

Corazon Mining (CZN) has identified several conductors at the Lake Lynn Nickel-Copper-Cobalt Sulphate Project in Canada’s Manitoba Province.