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

Subscribe

Be the first with the news that moves the market
  • Yandal Resources (YRL) has received new aircore (AC) results from multiple prospects within the Gordons gold project in WA
  • All up, 200 aircore holes were drilled to test early-stage gold targets beneath depleted sediments
  • Best results came from the Gordons Dam SE Prospect, where up to 3.79g/t gold was intersected
  • Results are pending at many of the prospects and when received will be used to assess future targets and undertake follow-up drilling testing
  • Yandal has ended the day 10 per cent in the red with shares trading at 45 cents

Yandal Resources (YRL) has received new aircore (AC) results from multiple prospects within the Gordons gold project.

The Gordons Gold Project lies within the highly prospective Kalgoorlie-Boulder Region of Western Australia and consists of 36 mining, exploration and prospecting licences.

All up, 200 AC holes, for 9165 metres, were drilled across the Malone, Holloways, Holloways South, Brayshaw, Bradman, Andrews and Gordons Dam SE prospects.

The aim of this drilling was to test early-stage gold targets beneath depleted sediments.

Malone

At the Malone Prospect 93 AC holes, for 5650 metres, were drilled in areas adjacent to know mineralisation.

Multiple significant intercepts were recorded which resulted in Yandal extending the strike length of the mineralised zones to 1.6 kilometres.

Best results include seven metres at 1.16g/t gold from 80 metres including three metres at 1.48g/t gold, and 24 metres at 0.22g/t gold from 56 metres including four metres at 0.99g/t gold.

Yandal is waiting on results from a further 19 AC and seven reverse circulation (RC) holes that were drilled throughout the March quarter.

Once the results have been received, Yandal will assess future targets.

Gordons Dam SE

20 AC holes, for 1053 metres, were drilled at the Gordons Dam SE Prospect to test for shallow oxide and primary gold mineralisation.

Results include five metres at 0.89g/t gold from 72 metres including one metre at 3.79g/t gold, and two metres at 1.64g/t gold from 44 metres.

Once Yandal has received results from a further seven RC holes, it will undertake an assessment of drill targets.

Andrews

13 AC holes, totalling 625 metres, were drilled across the Andrews Prospect with two of the holes confirming low-level mineralisation to the north of previous drilling.

Best results include four metres at 0.06g/t gold from 48 metres and four metres at 0.10g/t gold from 48 metres.

Yandal will undertake follow-up testing once full results have been received.

Brayshaw and Bradman

Yandal drilled 16 AC holes, for 634 metres, across the Brayshaw and Bradman prospects to test for hallow oxide and primary gold mineralisation.

Low mineralisation was intercepted in one hole which returned a result of four metres at 0.03g/t gold from four metres.

Holloways and Holloways South

The final 58 AC holes were drilled across the Holloways and Holloways South prospects to test for shallow oxide and primary gold mineralisation.

Results include three metres at 0.03g/t gold from 16 metres and one metre at 0.03g/t gold from 36 metres.

Target generation is under review and is likely to focus on western area as there is substantial historical mineralisation.

"Results from an area 1.6 kilometres east-west by two kilometres north-south encompassing the 400-metre-long, shallow, high-grade Gordons Dam prospect continue to provide encouragement that a substantial exploration target exists at depth," Managing Director Lorry Hughes commented.

"Very high-grade primary mineralisation intersected thus far from earlier RC and diamond drilling program is hosted within quartz veins and shears within and a contacts between mafic and intrusive porphyry rocks," he said.

"Once the pending RC assay results are returned in full, new RC and diamond drilling exploration programs will be designed to test for mineralisation at depth of 250 to 400 metres below surface," he added.

Yandal has ended the day 10 per cent in the red with shares trading at 45 cents in a $46.88 million market cap.

YRL by the numbers
More From The Market Herald
St George finds reports more strong results at Mt Alexander

" Marquee Resources (ASX:MQR) begins RC drilling at Redlings

Marquee Resources (MQR) has begun a maiden reverse circulation (RC) drilling program at the Redlings Rare-Earth Element Project.
Red Mountain Mining (ASX:RMX) - Managing Director, Jon Dugdale - The Market Herald

" Red Mountain Mining (ASX:RMX) starts exploring Mt Mansbridge

Red Mountain Mining (RMX) has begun the exploration field season at its Mt Mansbridge Project in WA’s East Kimberley region.
Troy Resources (ASX:TRY) faces delays in Guyana’s first underground mine

" Troy Resources (ASX:TRY) faces delays in Guyana’s first underground mine

Troy Resources’ (TRY) share price has dropped today after updating the market on its Karouni Gold Project in Guyana.
Musgrave Minerals (ASX:MGV) - Managing Director, Rob Waugh - The Market Herald

" Musgrave Minerals (ASX:MGV) extends mineralisation at Big Sky

Musgrave Minerals’ (MGV) most recent assay results from the Big Sky prospect have more than doubled the strike length of gold mineralisation.