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Yandal Resources (ASX:YRL) - Managing Director, David (Lorry) Hughes - The Market Herald
Managing Director, David (Lorry) Hughes
Source: HotCopper
  • Yandal Resources (YRL) has received new assay results from reverse circulation (RC) and diamond drilling at the Gordons Gold Project in WA
  • All up, 11 RC and diamond holes were drilled at the Gordons Dam, Malone and Star of Gordon prospects to test and advance gold targets
  • Of the results received so far, grades have peaked at 52.81g/t gold
  • RC and aircore drilling is set to resume on January 20
  • Yandal has ended the day in the grey with shares trading at 43 cents

Yandal Resources (YRL) has received new assay results from reverse circulation (RC) and diamond drilling at 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, 11 RC and diamond holes were drilled at the Gordons Dam, Malone and Star of Gordon prospects to test and advance gold targets.

Gordons Dam

Three RC holes, for 306 metres, were drilled at Gordons Dam to a maximum depth of 132 metres.

Best results include one metre at 52.81g/t gold within 51 metres at 1.41g/t gold from 35 metres, and one metre at 3.17g/t gold within four metres at 0.89g/t gold from 33 metres.

These results continue to demonstrate the potential to develop a shallow open pit mine.

Three diamond holes were also drilled in November and sampling is partially complete with a best result so far of four metres at 6.65g/t gold from 59 metres including 1.68 metres at 11.94g/t gold from 60.32 metres.

Once fully received, the results will be used to improve the geological interpretation of the high-grade zones and structures.

Follow-up RC and aircore (AC) drilling programs will begin on January 20 to test a number of priority prospects.

Malone

Three RC holes, for 270 metres, were drilled at the Malone Prospect to test for new shallow oxide and primary gold mineralisation.

While it was small, the program successfully confirmed mineralisation within oxidised material.

Results include one metre at 1.01g/t gold and one metre at 2.51g/t gold within five metres at 0.97g/t gold from 64 metres.

Follow-up RC is currently being planned with work to begin this quarter.

Star of Gordon

The final two holes were drilled at the Star of Gordon Prospect to test for new shallow oxide and primary gold mineralisation.

Significant intercepts were returned with a best of two metres at 0.54g/t gold from 48 metres within five metres at 0.42g/t gold from 46 metres.

Follow-up drilling will be undertaken in this quarter.

"We continue to be encouraged by the exploration results to date from Gordons Dam and once the final diamond hole is processed we will formulate a new interpretation for the high-grade structures to be immediately targeted with RC drilling," Managing Director Lorry Hughes said.

"RC and AC drilling is set to resume at Gordons Dam and other priority prospects in the Kalgoorlie region on January 20," he added.

Yandal has ended the day in the grey with shares trading at 43 cents in a $39.94 million market cap.


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