Proactiveinvestors Australia Yandal Resources Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Yandal Resources Ltd RSS feed en Fri, 19 Jul 2019 03:24:04 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Yandal Resources obtains RC drilling results up to 7.25 g/t gold at Flushing Meadows ]]> https://www.proactiveinvestors.com.au/companies/news/223945/yandal-resources-obtains-rc-drilling-results-up-to-725-gt-gold-at-flushing-meadows-223945.html Yandal Resources Ltd (ASX:YRL) has obtained reverse circulation (RC) drilling results up to 3.71 g/t gold at the Flushing Meadows prospect within its highly prospective Yandal greenstone belt in WA.

Composite assays of more than 4 metres have been returned from a program of 27 angled RC holes for 2,430 metres, drilled about 50 metres apart along strike and 40 metres apart down dip.

Mineralisation was returned on all drill lines with most areas open in both the up-dip and down-dip directions similar to previously released results from drilling on 100metre spaced lines.

READ: Yandal Resource drilling confirms gold mineralisation at Flushing Meadows

Yandal Resources managing director Lorry Hughes said: “Excellent continuity of broad oxide mineralisation interspersed with some higher-grades has been confirmed now on 50 metre line spacing along strike and 40 metre spacings down dip.

“The drilling has also highlighted numerous positions throughout the deposit for priority follow-up drilling.

“We believe additional drilling is warranted to expand the mineralisation envelope and it will be scheduled upon completion of the current resource compilation activities.”

READ: Yandal Resources reveals more gold as results received from three prospects

Drilling results across the Flushing Meadow deposit show zones of typical supergene gold enrichment, dispersion and depletion which is a result of the deep weathering profile in parts of the Yandal greenstone belt.

Notable results include:

4 metres at 3.17 g/t gold and 4 metres at 2.80 g/t within 36 metres at 0.91 g/t from 40 metres; 4 metres at 7.25 g/t within 8 metres at 3.71 g/t from 52 metres; and 4 metres at 2.23 g/t and 4 metres at 2.40 g/t within 24 metres at 0.93 g/t from 48 metres.

It is evident from drilling data throughout the deposit that there are at least three parallel zones of mineralisation which are closely related to the regionally extensive Barwidgee shear and influenced by undefined cross structures and porphyry rocks.

 

Compilation of a mineral resource estimate is planned once results are obtained from individual 1 metre samples from this program and a comprehensive re-splitting and field duplicate sampling program is completed.

Bulk sample composites from available RC residues will be collected and submitted to laboratories to determine metallurgical parameters.

Key exploration activities planned for the September quarter include:

Reviewing 1 metre results from the 50-metre infill drill program at Flushing Meadow s and complete a comprehensive QA/QC sampling and analyses ahead of geological modelling Reviewing results from all projects and generating a priority list of new exploration targets to test. ]]>
Tue, 16 Jul 2019 13:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223945/yandal-resources-obtains-rc-drilling-results-up-to-725-gt-gold-at-flushing-meadows-223945.html
<![CDATA[News - Yandal Resources managing director buys shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/223848/yandal-resources-managing-director-buys-shares-on-market-223848.html Yandal Resources Ltd (ASX:YRL) managing director Lorry Hughes purchased 100,000 shares in the company last week through on-market trades.

The $22,071 purchase increased Hughes’ overall holdings to 2.73 million shares.

Hughes is an economic geologist with over 24 years’ experience having held executive and senior management positions on mining and development projects for companies including Energy Metals Ltd, CSA Global, Rio Tinto and Barrick.

READ: Yandal Resources drilling confirms gold mineralisation at Flushing Meadows

Yandal has recently received multiple batches of drill results from pospects within its Ironstone Well and Barwidgee projects in the Yandal Greenstone Belt of Western Australia.

The Flushing Meadows prospect within the Ironstone Well Project has been producing consistent gold mineralisation and the resource area was recently extended to 1.9 kilometres in length.

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Mon, 15 Jul 2019 08:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223848/yandal-resources-managing-director-buys-shares-on-market-223848.html
<![CDATA[News - Yandal Resources drilling confirms gold mineralisation at Flushing Meadows ]]> https://www.proactiveinvestors.com.au/companies/news/223638/yandal-resources-drilling-confirms-gold-mineralisation-at-flushing-meadows-223638.html Yandal Resources Ltd (ASX:YRL) has received positive assay results from reconnaissance reverse circulation (RC) drilling at the Flushing Meadows prospect in the highly prospective Yandal Greenstone Belt in WA.

A combination of individual 1-metre and 4-metre composite assays have been received from a program of 24 shallow RC holes for 2,641 metres of drilling.

Significant drilling results

The Flushing Meadows prospect occurs within the regionally extensive Barwidgee Shear Zone, which is located 44 kilometres southeast of the mining town of Wiluna and within close proximity of a number of gold development projects and operating mines.

Significant mineralisation was returned on three lines and demonstrates the Barwidgee Shear Zone is prospective well outside historically drilled areas.

Location map of key prospects and exploration target areas within the Ironstone Well project, new reconnaissance RC drill collars north and south of the Flushing Meadows gold deposit over a magnetic image

Yandal managing director Lorry Hughes said: “We believe there is significant potential along the Barwidgee Shear Zone and related structures as our limited work outside the known prospects has returned excellent results.

“Geological and structural controls on mineralisation are difficult to interpret due to the deep weathering and the lack of effective drilling but we continue to strike gold along the shear interpreted from magnetics.

“Due to the deep weathering causing depletion and supergene enrichment effects on gold mineralisation we believe that to complete an effective test of a prospective zone drill holes need to be at least 50 metres deep.

“A review of the database suggests there is about 10 kilometres of strike between deposits and prospects that are a high priority target for low cost air-core drilling in the near term”.

 

Overall, while the grades of mineralisation intercepted are generally low, they are encouraging from an exploration point of view as gold anomalism is effectively tracking the location of a major gold bearing structure that has the potential to host significant deposits at depth undercover.

Next steps

Key exploration activities planned by Yandal during the September quarter includes;

• Receive and review 1-metre results from the 50-metre infill drill program at Flushing Meadows and complete comprehensive QA/QC sampling and analysis ahead of geological modelling, JORC resource estimation and a preliminary economic assessment; and
• Review pending results from all projects and generate new exploration plans to implement.

Further reconnaissance style drilling will commence immediately after resource compilation programs are complete at the Flushing Meadows prospect in the September quarter.

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Wed, 10 Jul 2019 14:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223638/yandal-resources-drilling-confirms-gold-mineralisation-at-flushing-meadows-223638.html
<![CDATA[News - Yandal Resources reveals more gold as results received from three prospects ]]> https://www.proactiveinvestors.com.au/companies/news/223317/yandal-resources-reveals-more-gold-as-results-received-from-three-prospects-223317.html Yandal Resources Ltd (ASX:YRL) has received new results from reverse circulation (RC) drill programs at the Flushing Meadows, Flinders Park and Rosewall prospects.

Results from Flushing Meadows confirm widespread oxide gold mineralisation over 800 metres of strike including 18 metres at 2.26 g/t gold from 91 metres.

Mineralisation occurs in multiple zones from shallow depths, is continuous along a total strike length of 1.7 kilometres and is open in a number of directions.

All recent drilling at Flushing Meadows including assays that remain pending will be used to compile a JORC resource estimate.

READ: Yandal Resources drill results extend gold at Flushing Meadows ahead of JORC resource

Yandal’s managing director Lorry Hughes said: “We continue to be encouraged by the oxide assay results at Flushing Meadows in particular the identification of multiple parallel gold zones that have received limited exploration.

“Mineralisation is open in most directions and once we compile the pending results from the 50-metre infill and initial reconnaissance programs, multiple targets to expand the system will be tested.

“Our current priorities are to assess the potential for shallow oxide open pits, progressively explore to expand the mineralisation footprint along strike, then as our geological and structural understanding of the system grows test the best targets at depth.”

Drilling shows gold at both Flinders Park and Rosewall

Assays were also received from three RC holes at Flinders Park and three RC holes at Rosewall.

At Flinders Park, drilling tested beneath and along strike from shallow oxide mineralisation intercepted in earlier RC and aircore programs.

Drilling intersected 26 metres at 1.69 g/t gold from 38 metres and the next round of drilling is being planned.

READ: Yandal Resources raising up to $2.94 million to advance gold projects in WA

Proactive caught up with the company recently for an update.

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Thu, 04 Jul 2019 12:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223317/yandal-resources-reveals-more-gold-as-results-received-from-three-prospects-223317.html
<![CDATA[Media files - Yandal Resources outlines capital raising to accelerate exploration ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13869/yandal-resources-outlines-capital-raising-to-accelerate-exploration-13869.html Wed, 26 Jun 2019 09:24:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13869/yandal-resources-outlines-capital-raising-to-accelerate-exploration-13869.html <![CDATA[News - Yandal Resources raising up to $2.94 million to advance gold projects in WA ]]> https://www.proactiveinvestors.com.au/companies/news/222467/yandal-resources-raising-up-to-294-million-to-advance-gold-projects-in-wa-222467.html Yandal Resources Ltd (ASX:YRL) is seeking to raise about $2,941,309 via a non-renounceable rights offer of shares at an issue price of 22 cents each, on the basis of one new share for every four shares held.

The offer includes one free new option for every two new shares subscribed with an exercise price of 27 cents and an expiry date of June 30, 2021.

The funds raised under the offer will primarily be used to accelerate exploration upon Yandal’s projects.

READ: Yandal Resources drill results extend gold at Flushing Meadows ahead of JORC resource

The company recently confirmed promising gold assay results from a 29-hole RC drill program at the Flushing Meadows prospect within the Ironstone Well Project.

Highlights from drilling includes 64 metres at 0.51 g/t gold from 40 metres, 32 metres at 0.98 g/t gold from 52 metres and 40 metres at 1.03 g/t gold from 80 metres.

A new 27-hole drill program has already commenced to infill the northern 800 metres of the deposit to 50-metre spacing along strike and test a number of extensional shallow targets.

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Thu, 20 Jun 2019 15:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222467/yandal-resources-raising-up-to-294-million-to-advance-gold-projects-in-wa-222467.html
<![CDATA[News - Yandal Resources has capital raising news pending, granted trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/222452/yandal-resources-has-capital-raising-news-pending-granted-trading-halt-222452.html Yandal Resources Ltd (ASX:YRL) has been granted a trading halt by the ASX as it has capital raising news pending.

This halt will remain in place until the start of trading on Monday, June 24, 2019, or when an announcement is released to the market, whichever occurs earliest.

READ: Yandal Resources drill results extend gold at Flushing Meadows ahead of JORC resource

The company recently served up encouraging broad intersections from a reverse circulation (RC) drill program at Flushing Meadows prospect of the Ironstone Well Project in WA.

Highlights include 64 metres at 0.51 g/t gold from 40 metres, 32 metres at 0.98 g/t gold from 52 metres and 40 metres at 1.03 g/t gold from 80 metres.

These results have confirmed an oxide gold deposit with a strike length of 1.7 kilometres open in a number of directions.

Maiden resource upcoming

The drill results will be used to estimate a maiden JORC-compliant resource.

Yandal has started a new 27-hole program aimed at infilling the northern 800 metres of the deposit to 50-metre spacing along strike and testing a number of extensional shallow targets.

READ: Yandal Resources completes extensive drilling program at Ironstone Well and Barwidgee gold projects

The completed Flushing Meadows program was part of an extensive RC program at the Ironstone Well and Barwidgee projects in the highly prospective Yandal Greenstone Belt.

Other prospects tested included Flinders Park and Rosewall.

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Thu, 20 Jun 2019 09:52:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222452/yandal-resources-has-capital-raising-news-pending-granted-trading-halt-222452.html
<![CDATA[News - Yandal Resources drill results extend gold at Flushing Meadows ahead of JORC resource ]]> https://www.proactiveinvestors.com.au/companies/news/222010/yandal-resources-drill-results-extend-gold-at-flushing-meadows-ahead-of-jorc-resource-222010.html Yandal Resources Ltd (ASX:YRL) has received assay results from a 29-hole reverse circulation (RC) drill program at the Flushing Meadows prospect within the Ironstone Well Project in Western Australia.

Results confirm a oxide gold deposit with a strike length of 1.7 kilometres open in a number of directions.

Highlights from drilling includes 64 metres at 0.51 g/t gold from 40 metres, 32 metres at 0.98 g/t gold from 52 metres and 40 metres at 1.03 g/t gold from 80 metres.

A new 27-hole drill program has already commenced to infill the northern 800 metres of the deposit to 50-metre spacing along strike and test a number of extensional shallow targets.

READ: Yandal Resources completes extensive drilling program at Ironstone Well and Barwidgee gold projects

Yandal’s managing director Lorry Hughes said: “Exploration results to date have demonstrated excellent potential to define oxide Resources over a continuous strike length of 1.7-kilometre at the Flushing Meadows prospect.

“The initial 200-metre line spaced results from aircore drilling were infilled with RC drilling.

“Mineralisation appears to be continuous and of consistent grade at the 100-metre line spacings so we will now bring the drill spacing down to 50 metres along strike.

“Our focus is on the compilation of mineralisation data required for estimation of JORC Compliant Mineral Resources.

“Completion of the infill program will also allow us to define priority targets for drill testing in the September quarter.”

 

 

...more to come

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Thu, 13 Jun 2019 09:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222010/yandal-resources-drill-results-extend-gold-at-flushing-meadows-ahead-of-jorc-resource-222010.html
<![CDATA[News - Yandal Resources completes extensive drilling program at Ironstone Well and Barwidgee gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/220556/yandal-resources-completes-extensive-drilling-program-at-ironstone-well-and-barwidgee-gold-projects-220556.html Yandal Resources Ltd (ASX:YRL) has completed an extensive reverse circulation (RC) drilling program at its Ironstone Well and Barwidgee gold projects in the highly prospective Yandal Greenstone Belt in WA.

Ironstone Well and Barwidgee gold projects

At the Flushing Meadows prospect 31 RC holes for 2,628 metres were drilled for resource definition purposes.

Once 4-metre composite assay results are received from these holes a review will be completed to check the design parameters of a nominal 50-metre spaced infill RC drilling program prior to commencement in early June.

In addition, 22 reconnaissance RC holes for 2,640 metres were drilled along another 800 metres of strike to the northwest of an interpreted extension to the Flushing Meadows mineralised structure and on a single line 200 metres to the southeast of known anomalous mineralisation.

The mineralisation is related to the regionally extensive Barwidgee Shear Zone and if the new drilling is successful it will significantly increase the shallow resource potential at the prospect.

READ: Yandal Resources has strong upcoming results-based news flow from gold projects

Yandal managing director Lorry Hughes said: “Drilling is progressing well and all 4 metre composite samples have been dispatched to assay laboratories in Perth.

“Once received we can review the design of the 50 metre spaced infill holes and restart drilling to complete the data capture for the initial Flushing Meadows resource.

Drill hole collar plan of the Flushing Meadows prospect

Hughes added: “Testing for the continuation of mineralisation along strike of what is already a significant zone of mineralisation is certainly an exciting time for the company.

“We were going to drill with air-core but decided RC would provide a more effective test.

“If significant gold is discovered we can quickly design follow up programs for resource definition in areas both north and south of the known deposit area.”

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Mon, 20 May 2019 14:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220556/yandal-resources-completes-extensive-drilling-program-at-ironstone-well-and-barwidgee-gold-projects-220556.html
<![CDATA[News - Yandal Resources' managing director increases holding in company with on-market purchase ]]> https://www.proactiveinvestors.com.au/companies/news/219780/yandal-resources--managing-director-increases-holding-in-company-with-on-market-purchase-219780.html Yandal Resources Ltd (ASX:YRL) managing director David Hughes has demonstrated confidence in the company through the on-market purchase of 50,000 fully paid ordinary shares at 25 cents per share.

The transaction brings Hughes’ total shareholding from 2.58 million to 2.63 million shares, as well as 1.95 million unlisted options expiring December 31, 2021.

READ: Yandal Resources encouraged by gold results from Gordons project in WA

The company yesterday confirmed a potentially large structural target at depth at the Gordons Dam prospect, as well as a supergene gold anomaly at the Mulgarrie North prospect, both within its wider Gordons Gold Project in WA’s Eastern Goldfields.

Yandal Resources managing director Lorry Hughes said drilling at Gordons Dam had successfully defined extensions to both oxide and primary mineralisation and had increased the footprint of known mineralised porphyry rocks.

Hughes said: “Results from our last two programs indicate primary mineralisation is widespread and present within both porphyry and mafic rocks.

READ: Yandal Resources has strong upcoming results-based news flow from gold projects

“Once we have completed a full interpretation of the results, we will determine whether immediate follow-up will involve deeper reverse circulation or additional shallow aircore drilling along strike to extend the target zone.”

A 28-hole, 1,464-metre reconnaissance program comprising 28 aircore holes was completed at both prospects, aiming to confirm and extend historic and recently-reported gold mineralisation.

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Tue, 07 May 2019 18:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219780/yandal-resources--managing-director-increases-holding-in-company-with-on-market-purchase-219780.html
<![CDATA[News - Yandal Resources encouraged by gold results from Gordons project in WA ]]> https://www.proactiveinvestors.com.au/companies/news/219692/yandal-resources-encouraged-by-gold-results-from-gordons-project-in-wa-219692.html Yandal Resources Ltd's (ASX:YRL) aircore drilling has confirmed a potentially large structural target at depth at Gordons Dam prospect as well as a supergene gold anomaly at  Mulgarrie North prospect within the Gordons Gold Project in WA's prolific Eastern Goldfields.

A reconnaissance program of 28 aircore (AC) holes for 1,464 metres was completed at the two prospects with the aim of confirming and extending historic and recently reported gold mineralisation.

The program returned substantial mineralisation from both prospects and provides strong encouragement to conduct follow-up reverse circulation (RC) drilling upon further refinement of priority exploration targets.

READ: Yandal Resources has strong upcoming results-based news flow from gold projects

 Location map of the Gordons gold project over a reprocessed magnetic image

Yandal Resources’ managing director Lorry Hughes said: “The Gordons Dam drilling program successfully defined extensions to oxide and primary mineralisation and has increased the footprint of the known mineralised porphyry rocks which we interpret to have intruded into a major northeast trending mineralised shear zone.

“Results from our last two programs indicate primary mineralisation is widespread and present within both porphyry and mafic rocks."

READ: Yandal Resources to put golden story to investors at Proactive CEO sessions

He said: “Once we have completed a full interpretation of the results, we will determine whether immediate follow-up will involve deeper RC or additional shallow AC drilling along strike to extend the target zone.

“We are also assessing the potential to conduct ground-based geophysical surveys, such as the latest induced polarisation techniques, to improve targeting in this geologically complex area.

“The surveys can be used to identify gold associated with sulphide minerals at depth.”

Gordons Dam prospect

A total of 26 vertical AC holes for 1,330 metres were completed to test for extensions to shallow paleochannel sediment hosted mineralisation identified in historic and recent drilling.

In addition, the holes were designed to penetrate deep enough to collect samples of the primary rock to map the rock types and generate new RC drilling targets.

A key outcome of the program was the discovery of five drilled intersections with substantial gold mineralisation at the bottom of hole.

Best intersections returned from the bottom of hole included:

7 metres at 0.56 g/t gold from 49 metres; 1 metre at 0.46 g/t from 45 metres; 1 metre at 0.80 g/t from 40 metres; and 5 metres at 2.44 g/t from 40 metres, including 2 metres at 5.07 g/t from 40 metres and 1 metre at 1.57 g/t from 43 metres. Mulgarrie North prospect

Two angled AC holes were completed for a total of 134 metres and successfully intersected shallow oxide gold mineralisation in the vicinity of the historic RAB anomaly.

Intersections included:

1 metre at 1.20 g/t from 30 metres; 1 metre at 2.32 g/t from 33 metres; 1 metre at 0.50 g/t from 46 metres; and 2 metres at 2.15 g/t from 26 metres, including 1 metre at 3.7 g/t from 26 metres.

The results confirm the perspectivity of the mafic and ultramafic geological contact however further work is needed along strike as the sequence is underexplored both at surface and at depth.

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Mon, 06 May 2019 09:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219692/yandal-resources-encouraged-by-gold-results-from-gordons-project-in-wa-219692.html
<![CDATA[News - Yandal Resources has strong upcoming results-based news flow from gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/218452/yandal-resources-has-strong-upcoming-results-based-news-flow-from-gold-projects-218452.html Yandal Resources Ltd (ASX:YRL) has held up well in a weak market since listing in December 2018 and is confident of building on early successes with strong value-adding news flow in the remainder of 2019.

Managing director Lorry Hughes told investors at this week’s Proactive CEO Sessions in Sydney and Melbourne that the company’s share price had been consistently above the listing price.

Lorry Hughes addresses investors at the Sydney CEO Session.

The company has a market cap of around $11.7 million, had $4 million in cash at the end of March and its strategic shareholders and Top 20 hold 75%.

Hughes said: “We are set for rapid growth and will have strong results-based news flow.”

Yandal is focused on projects in prolific greenstone belts in the golden elephant country that is WA’s Goldfields.

Northern Star Resources (ASX:NST) is a successful player in this region and has shown its confidence in Yandal’s strategy by establishing a stake of more than 15%.

Other companies mining, discovering and growing resources in the region include Echo Resources Limited (ASX:EAR), Blackham Resources Ltd (ASX:BLK), Bellevue Gold Ltd (ASX:BGL), Great Western Exploration Limited ASX:GTE), Renegade Exploration Ltd (ASX:RNX), Toro Energy Limited (ASX:TOE) and Alchemy Resources Limited (ASX:ALY).

Two Yandal projects, Ironstone Well/Barwidgee and Mt McClure, are within the Yandal Greenstone Belt while the third, Gordons, is near Kalgoorlie and close to other gold operations and infrastructure.

Ironstone Well and Barwidgee occupy 55 kilometres of strike along contiguous mining tenements and contain multiple gold deposits within 70-80 kilometres of gold plants at Jundee, Bronzewing and Wiluna.

The deposits are shallow, are under-explored, have not been mined and were left by majors at much lower gold prices.

READ: Yandal Resources hits 17 g/t gold ace in drilling at Flushing Meadows

Yandal’s flagship prospect is Flushing Meadows at which the company has fielded encouraging high-grade results with a JORC-compliant resource estimate due in mid-2019.

New aircore drilling on 200-metre spaced lines is planned to start this month during an ongoing reverse circulation program, which continues to intersect strong mineralisation.

READ: Yandal Resources begins new drilling program at Gordons Gold Project

While the focus is primarily on Flushing Meadows, there are other nearby targets within the project as well as at the company’s other projects that provide further upside potential.

Read the presentation made by Lorry Hughes here.

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Fri, 12 Apr 2019 10:14:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218452/yandal-resources-has-strong-upcoming-results-based-news-flow-from-gold-projects-218452.html
<![CDATA[News - Yandal Resources to put golden story to investors at Proactive CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/217710/yandal-resources-to-put-golden-story-to-investors-at-proactive-ceo-sessions-217710.html Yandal Resources Ltd (ASX:YRL) is focusing on gold in WA’s golden heartland at a time when the yellow metal is shining brightly supported by strong prices and this strategy will be outlined at next week’s Proactive CEO Sessions.

Managing director Lorry Hughes will update investors on progress at the company’s four WA projects - Ironstone Well, Barwidgee and Mt McClure in the Yandal Greenstone Belt and Gordons near Kalgoorlie.

Tuesday and Wednesday sessions

He will address the lunchtime CEO Sessions in Sydney on Tuesday, April 9 and in Melbourne the following day, Wednesday, April 10.

Lorry photo

Managing director Lorry Hughes.

READ: Yandal Resources hits 17 g/t gold ace in drilling at Flushing Meadows

The company, which listed on the ASX in December 2018, has aced some impressive broad and shallow results at the Flushing Meadows target of the Ironstone Well project.

Drilling is ongoing while new drilling will also be served up at the appropriately named Flinders Park and Rosewall targets as well as at Success at Mt McClure project.

Yandal also plans to release a resource estimate for Flushing Meadows and begin activities to support a preliminary economic assessment.

READ: Yandal Resources begins new drilling program at Gordons Gold Project

A drilling program has also been conducted at the Gordons Gold Project in the North-Eastern Goldfields to follow-up shallow high grades of up to 8 metres at 7.33 g/t and 3 metres at 18.30 g/t.

As well as updating on the company’s solid progress to date and the upcoming exploration plans, Hughes will speak about the investment of prominent miner Northern Star Resources Ltd (ASX:NST).

READ: Yandal Resources aims to firm up resources and make new discoveries

Northern Star holds a 15% stake in Yandal and its operating Jundee mine is north of the Yandal belt projects.

Gordons is just 16 kilometres north of Northern Star’s Kanowna Belle mine near Kalgoorlie, which features more than 10 million ounces.

Register for the CEO Sessions today

Sydney details, Tuesday, April 9, 2019

Melbourne details, Wednesday, April 10, 2019

Also featuring at both sessions will be ioneer Ltd (ASX:INR), Metro Mining Ltd (ASX:MMI), Kangaroo Island Plantation Timbers Ltd (ASX:KPT) and Elementos Limited (ASX:ELT).

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Tue, 02 Apr 2019 16:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217710/yandal-resources-to-put-golden-story-to-investors-at-proactive-ceo-sessions-217710.html
<![CDATA[News - Yandal Resources hits 17 g/t gold ace in drilling at Flushing Meadows ]]> https://www.proactiveinvestors.com.au/companies/news/217580/yandal-resources-hits-17-gt-gold-ace-in-drilling-at-flushing-meadows-217580.html Yandal Resources Ltd (ASX:YRL) has received high-grade gold results from reverse circulation drilling at Flushing Meadows target within the Ironstone Well project in the Yandal Greenstone Belt in WA.

Among the broad, shallow intersections were 16 metres at 2.26 g/t gold from 5 metres, 16 metres at 2.72 g/t from 24 metres and 27 metres at 2.32 g/t from 89 metres, with another 8-metre intersection at 2.69 g/t from 49 metres including 1 metre at 17 g/t.

Encouraging results were also received from the Success target at Mt McClure project south of Ironstone Well.

Drilling at Flushing Meadows and Success

A program of 24 angled RC holes for 2,208 metres was completed at Flushing Meadows and Success with the aim of extending and confirming historically reported gold mineralisation.

Six RC holes from Flushing Meadows were also resampled to provide new quality assurance and quality control (QA/QC) information as part of the resource estimation activities.

Yandal Resources’ managing director Lorry Hughes said the drilling at Flushing Meadows continued to demonstrate the potential for a large gold deposit.

“As our knowledge of the mineralisation system has grown we have been surprised at the lack of effective drill testing along strike to the northwest.

“We will start testing an 800-metre-long strike zone along the Barwidgee Shear with RC drilling as step out holes based on recent excellent air-core intercepts.

“Following that, the 4-kilometre-long strike zone will be tested with further aircore drilling on 200-metre spaced lines to try and locate new gold mineralisation – the only historical holes in the target zone are shallow wide-spaced vertical holes which we consider to be ineffective.”

 

The new results are considered highly encouraging as significant new mineralisation has been discovered at the northern end of the prospect and several historic assay results were confirmed.

One hole, YRLRC0046, was particularly encouraging as it intercepted high gold grades over broad widths from the most northern line tested, including:

1 metre at 8.19 g/t gold from 42 metres; 2 metres at 1.80 g/t from 58 metres; 3 metres at 5.46 g/t from 82 metres, including 1 metre at 15.54 g/t from 82 metres; and 27 metres at 2.32 g/t from 89 metres, including 8 metres at 3.9 g/t from 89 metres.

The mineralisation is strongly oxidised to depths of 120 metres downhole and is open along strike.

If mineralisation can be extended, as is indicated by the recent aircore drilling results, it has the potential to add significantly to the Flushing Meadows deposit.

READ: Yandal Resources to serve up new drilling after success at Flushing Meadows

The results from RC resampling have also demonstrated the potential economic importance of the northern zone as intersections including 9 metres at 2.95 g/t from 41 metres and 14 metres at 2.1 g/t from 50 metres were returned.

Success results

At Success, two RC holes for 378 metres were completed beneath the south end of the Success open pit and were designed to test for a south-plunging high-grade gold horizon within volcanogenic sediments.

Both holes appeared to intersect the intended target horizon, however, they intersected a low-grade part of the horizon or missed it due to a steeper plunge component to the mineralisation than anticipated.

One hole returned 9 metres at 0.74 g/t from 180 metres, including 3 metres at 1.14 g/t from 181 metres and the other hit 2 metres at 2.59 g/t from 68 metres.

Next Steps

Follow-up exploration has begun following interpretation of the latest results with detailed design and scheduling of activities nearing completion.

A combined 6,000-metre RC drilling program to test multiple prospects at the Ironstone Well and Barwidgee projects is expected to begin in mid to late April.

Key exploration activities planned for the June quarter include:

Complete staged 5,200 metres of RC resource drilling at Flushing Meadows prospect; Review design and schedule new aircore drilling northwest of Flushing Meadows; Complete 400 metres of RC drilling at Flinders Park prospect; Complete 200 metres of RC drilling at Rosewall prospect; Design follow-up RC drilling at Success prospect; and Compile results for resource estimation at Flushing Meadows and begin activities to support a preliminary economic assessment. ]]>
Mon, 01 Apr 2019 10:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217580/yandal-resources-hits-17-gt-gold-ace-in-drilling-at-flushing-meadows-217580.html
<![CDATA[Media files - Yandal Resources' drilling points to promising maiden gold resource ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12695/yandal-resources--drilling-points-to-promising-maiden-gold-resource-12695.html Thu, 21 Mar 2019 21:51:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12695/yandal-resources--drilling-points-to-promising-maiden-gold-resource-12695.html <![CDATA[News - Yandal Resources to serve up new drilling after success at Flushing Meadows ]]> https://www.proactiveinvestors.com.au/companies/news/216888/yandal-resources-to-serve-up-new-drilling-after-success-at-flushing-meadows-216888.html Yandal Resources Ltd (ASX:YRL) will serve up 6,000 metres of drilling next month after receiving encouraging aircore drilling results from the Ironstone Well and Barwidgee gold projects in WA’s Yandal Greenstone Belt.

The reconnaissance program of 41 aircore holes for 2,774 metres was completed at the Flushing Meadows, Flinders Park, Quarter Moon, Oblique and Rosewall prospects.

READ: Yandal Resources begins drilling for gold at Ironstone Well and Mt McClure projects

At Flushing Meadows, the strike length was doubled to more than 2 kilometres with mineralisation remaining open to the north and at depth.

Significant gold mineralisation was also returned at Rosewall, including 10 metres at 2.41 g/t gold from surface.

Yandal Resources’ managing director Lorry Hughes said: “To extend the Flushing Meadows mineralisation strike length from 1 to 2 kilometres is an excellent result and indicates an oxide gold system that is open to the north and at depth.

“Additional results are due soon from the February resource drilling and re-sampling program at Flushing Meadows.

“These will assist us to complete the detailed design of new strike extension holes and additional holes to test the system at depth.”

READ: Yandal Resources aims to firm up resources and make new discoveries

The aircore program returned significant mineralisation from all prospects with “outstanding” results from Flushing Meadows, Flinders Park and Rosewall.

Fourteen holes were completed at Flushing Meadows for 1,386 metres and shallow oxide mineralisation was intersected in multiple holes, demonstrating that mineralisation remains open.

These results have prompted the company to begin the next phase of exploration.

Next phase of exploration

A 6,000-metre resource definition and confirmation reverse circulation (RC) program is being designed to test priority targets with 5,000 metres of this at the new northwest extension zone at Flushing Meadows.

This is scheduled to begin in April with the aim of compiling an initial JORC-compliant resource estimate for the prospect.

It will also test a number of targets further northwest along strike and in adjacent positions where anomalous gold has been reported in historical drilling.

The combined Flushing Meadows RC program is expected to comprise up to 5,500 metres.

READ: Yandal Resources begins new drilling program at Gordons Gold Project

Hughes said: “The mineralisation is very shallow so if we can confirm continuity with resource-style infill RC drilling, we should be able to demonstrate economic potential.”

Strong hits at Flinders Park

At Flinders Park prospect, also within the Barwidgee Shear Zone, eight aircore holes for 702 metres were completed.

Best results were 3 metres at 4.18 g/t from 37 metres in a bottom of hole sample; 4 metres at 0.97 g/t from 39 metres and 1-metre at 1.34 g/t from 46 metres.

A follow-up RC drill program to test for extensions to the Flinders Park mineralisation at depth is at the advanced planning stage.

Rosewall also encourages

There were 12 holes for 292 completed at Rosewall with best results of 10 metres at 2.41 g/t from 0 metres and 18 metres at 1.00 g/t from 6 metres.

Hughes added: “At Flinders Park and Rosewall prospects we successfully confirmed the location of mineralisation reported in earlier drilling so we will also further test these prospects with RC drilling as part of the April program.”

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Thu, 21 Mar 2019 10:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216888/yandal-resources-to-serve-up-new-drilling-after-success-at-flushing-meadows-216888.html
<![CDATA[News - Yandal Resources begins new drilling program at Gordons Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/215953/yandal-resources-begins-new-drilling-program-at-gordons-gold-project-215953.html Yandal Resources Ltd (ASX:YRL) has started a new drilling program at Gordons Gold Project in WA’s North-Eastern Goldfields to follow-up shallow high grades of up to 8 metres at 7.33 g/t and 3 metres at 18.30 g/t.

An aircore program of 24 holes for about 1,440 metres is underway at Gordons Dam prospect, which is 36 kilometres northeast of Kalgoorlie-Boulder.

The program is expected to be completed by March 16 with initial results anticipated next month.

READ: Yandal Resources drills high-grade oxide gold at Gordons project

Reverse circulation (RC) drilling in December 2018 returned highly encouraging results and demonstrated palaeochannel-hosted gold mineralisation was more extensive than initially interpreted.

This drilling also returned significant primary mineralisation from within hematite altered porphyry and sheared mafic rocks at depth.

The aim of the new program is to further define the extent of significantly mineralised palaeochannel sediments and to drill deep enough to identify the primary rock types.

READ: Yandal Resources aims to firm up resources and make new discoveries

Yandal’s managing director and CEO Lorry Hughes said: “With gold trading at very attractive levels above $1,800/ounce and the clear prospectivity of our projects, I look forward to providing exciting information from exploration and mining development activities in the near-term.”

Aircore holes will be drilled vertically to a depth of about 60 metres on a nominal 50 by 100-metre grid at Gordons Dam, which is 22 kilometres north along strike from the Kanowna Belle mining centre.

Yandal expects that the results will enable it to generate further aircore and RC drilling targets.

The company can then begin to assess compilation of an initial JORC-compliant resource estimate.

Initial program at Mulgarrie North

An initial two-hole aircore program for 170 metres will also be undertaken at Mulgarrie North prospect where a supergene gold anomaly was defined by limited rotary air blast drilling by North Limited in 1994-5.

This prospect is 9 kilometres northwest from Gordons Dam and 3 kilometres northwest along strike from the Mulgarrie open pit gold mine owned by Norton Goldfields Ltd.

The program aims to confirm the supergene anomaly in the vicinity of an historical diamond hole which returned a narrow but encouraging intercept of 1-metre at 2.20 g/t from 117 metres downhole.

Geological mapping, rock chip and orientation soil sampling programs will also be carried out to define new targets along strike for drill testing in the near-term.

Work on new tenements

Two exploration tenements contiguous with the Gordons project and totaling 320 hectares were recently acquired from local prospectors.

This ground is just 1-kilometre north along strike from the operating Gordon-Sirdar underground gold mine owned by FMR Investments Pty Ltd.

A number of small gold mines from the early 1900s exist on these tenements and the company is compiling data from historical drilling and has started prospecting activities.

Near-term newsflow

Hughes said upcoming catalysts for the company were:

Aircore and RC assay results from the Flushing Meadows, Flinders Park, Oblique, Quarter Moon, Rosewall and Success prospects in the Yandal Belt are due in the coming weeks; Follow-up drilling of priority targets; JORC resource compilation activities at the most advanced prospects; and Aircore drilling results from the Gordons Dam and Mulgarrie North prospects. READ: Yandal Resources begins drilling for gold at Ironstone Well and Mt McClure projects

The company has recently completed drilling at various prospects within the Ironstone Well, Barwidgee and Mt McClure projects in the Yandal Belt.

There were 208 samples submitted from the aircore program and 700 samples from the RC program.

An additional 229 individual 1-metre samples were also resampled from available historical aircore and RC residues.

These samples will be used as part of database verification activities for resource estimation.

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Thu, 07 Mar 2019 11:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215953/yandal-resources-begins-new-drilling-program-at-gordons-gold-project-215953.html
<![CDATA[News - Yandal Resources begins drilling for gold at Ironstone Well and Mt McClure projects ]]> https://www.proactiveinvestors.com.au/companies/news/214765/yandal-resources-begins-drilling-for-gold-at-ironstone-well-and-mt-mcclure-projects-214765.html Yandal Resources Ltd (ASX:YRL) has commenced a 2,200 metre reverse circulation drilling program designed to confirm historical gold mineralisation at the Ironstone Well and Mt McClure gold projects.

The projects are in the highly prospective Yandal Greenstone Belt in Western Australia and are within close proximity to a number of operating gold mines and major development projects.

Location map of the Ironstone Well, Barwidgee and Mt McClure gold projects

Ironstone Well Gold Project

At Ironstone Well, most of the drilling (22 holes for 1,830 metres) will be conducted at the Flushing Meadows prospect to target shallow oxide gold mineralisation identified in historical and recent programs.

The holes are designed to verify the location and quality of historically defined mineralisation to provide new technical information for compilation of an updated geological model.

If the new data compares favourably with historical data and there is sufficient data density, compilation of an initial JORC 2012 resource will be undertaken.

READ: Yandal Resources starts drilling at Ironstone Well and Barwidgee, testing priority gold targets

Earlier this month, Yandal commenced a 3,200 metres reconnaissance aircore drilling program which included testing an area up to 800 metres north along strike from the Flushing Meadows historical resource area.

This program is now complete and 4 metre composite samples have been dispatched to a laboratory in Perth for analyses.

Positive results from the aircore program will be followed-up immediately with resource style reverse circulation drilling programs designed to expand oxide mineralisation envelopes.

Mt McClure Gold Project

The Mt McClure project contains several historical prospects and open pit mines within a short haulage distance on existing haul roads from the 2 million tonnes per annum Bronzewing processing facility.

The facility and neighbouring tenure are owned by Echo Resources Ltd (ASX:EAR) which is completing a revised bankable feasibility study for its Yandal Gold Project this quarter.

An initial two-hole program is planned at the largest of the historical mines, the Success deposit, where substantial gold mineralisation has been reported in drilling located beneath the previously mined open pit.

Success deposit satellite image showing the previously mined pit, waste dumps and a collar plan of historical drilling

If successful, a more comprehensive reverse circulation and diamond drilling program will be undertaken for the compilation of an initial resource estimate.

The total program is expected to take about 2 weeks to complete with initial results likely to be available in March 2019.

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Mon, 18 Feb 2019 13:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214765/yandal-resources-begins-drilling-for-gold-at-ironstone-well-and-mt-mcclure-projects-214765.html
<![CDATA[News - Yandal Resources starts drilling at Ironstone Well and Barwidgee, testing priority gold targets ]]> https://www.proactiveinvestors.com.au/companies/news/213862/yandal-resources-starts-drilling-at-ironstone-well-and-barwidgee-testing-priority-gold-targets-213862.html Yandal Resources Ltd (ASX:YRL) has started testing priority targets at its Ironstone Well and Barwidgee gold projects in WA with aircore (AC) drilling underway.

The majority of the drilling, which includes 13 holes for 1,560 metres, will be conducted at the Flushing Meadows prospect and will extend for 800 metres northwest from the main oxide gold-bearing structures.

Aim to estimate resources

If the drilling is successful follow-up reverse circulation (RC) drilling will begin with the aim of estimating JORC-compliant resources.

At the Flinders Park prospect, six holes for 720 metres are planned to confirm an excellent oxide RC intercept of 15 metres at 2.03 g/t gold from 77 metres.

Drilling to confirm shallow mineralisation

The holes will be on lines 20 metres north and 20 metres south along the interpreted strike of the oxide mineralisation to provide better target definition for follow-up RC drilling.

At the Oblique, Quarter Moon and Rosewall prospects, small AC and AC hammer programs are planned to confirm shallow mineralisation reported in historical drilling.

The program will take around two weeks to complete with results available in March.

READ: Yandal Resources aims to firm up resources and make new discoveries

Yandal is planning a systematic campaign of aircore, RC and diamond drilling this year as it aims to define historical deposits under the current JORC code, make discoveries and define new resources.

Included in the campaign is the company’s 100-square kilometre Gordons project in the Kalgoorlie region, as well as the Ironstone Well, Barwidgee and Mt McClure projects within the Yandal Greenstone Belt.

READ: Yandal Resources drills high-grade oxide gold at Gordons project

Yandal managing director Lorry Hughes said there was potential for consolidation along the Yandal Greenstone Belt, which has been proven to host tier-1 gold deposits.

“Our Yandal projects contain numerous prospects that are along strike or adjacent to significant historically reported deposits and the exploration team is looking forward to thoroughly testing several of them in the first half of the year.”

- Jessica Cummins 

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Sun, 03 Feb 2019 23:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213862/yandal-resources-starts-drilling-at-ironstone-well-and-barwidgee-testing-priority-gold-targets-213862.html
<![CDATA[News - Yandal Resources aims to firm up resources and make new discoveries ]]> https://www.proactiveinvestors.com.au/companies/news/212202/yandal-resources-aims-to-firm-up-resources-and-make-new-discoveries-212202.html Yandal Resources Ltd (ASX:YRL) in Western Australia has a two-pronged approach to adding shareholder value by looking for new discoveries and exploring on ground the company knows to be prospective.

The newly listed company hopes to build JORC resources and rapidly develop mines while also developing and drilling its best greenfields targets so it can make new discoveries.

Yesterday Yandal reported success from a drilling program undertaken last month at Gordons Gold Project north of Kalgoorlie in WA, sharing high-gold gold intersections such as 8 metres grading 7.33 g/t gold from 35 metres.

The reverse circulation (RC) assays from the wholly-owned project included a 1-metre section at 47.96 g/t gold from 36 metres.

READ: Yandal Resources drills high-grade oxide gold at Gordons project

Gordons Dam is also north of Northern Star Resources Ltd (ASX:NST) (FRA:NS7) (OTCMKTS:NESRF) Kanowna Belle deposit of more than 12 million ounces.

Northern Star joined Yandal’s share registry during the company’s initial public offering (IPO), throwing its support behind the tightly-held newcomer whose top 20 shareholders own 80% of the company.

The high-grade underground mines holder has backed Yandal as it has done for another junior player in the Yandal greenstone belt area, Echo Resources Limited (ASX:EAR) (FRA:E1L), which is hoping to reopen a mill nearby.

READ: Yandal Resources confirms multiple gold targets for follow-up exploration next year

Yandal managing director Lorry Hughes told Proactive Investors he believed there was potential for consolidation along the Yandal greenstone belt which has been proven to host Tier 1 gold deposits.

Hughes told the market yesterday, “Our Yandal projects contain numerous prospects that are along strike or adjacent to significant historically-reported deposits and the exploration team is looking forward to thoroughly testing several of them in the first half of the year.”

READ: Echo Resources intersects high-grade gold at Mt Joel ahead of Bronzewing restart

The company is planning a systematic campaign of RC, aircore and diamond drilling this calendar year as it aims to define historical deposits under the current JORC code, make discoveries and define new resources.

Yandal’s 100-square-kilometre Gordons project is one of four priority projects for the company, which are all included in the campaign.

The other three key projects are the 100%-owned Ironstone Well, Barwidgee and Mt McClure gold projects.

Yandal Resources' prospective land near the North Star and Echo resources companies north of Kalgoorlie-Boulder in WA

Ironstone Well and Barwidgee projects

Ironstone Well and Barwidgee take in 472 square kilometres and feature a 55-kilometre strike of contiguous mining tenements over prospective Yandal belt rocks.

They are 35-85 kilometres south of Northern Star’s Jundee mine where 1.8 million tonnes of ore are mined underground a year, with its carbon-in-leach (CIL) plant able to process the same capacity.

The Barwidgee shear zones hosts significant gold prospects such as Flushing Meadows at Ironstone Well project where Yandal returned a high-grade intersect of 15 metres at 2.03 g/t from 77 metres, including 1 metre at 14.52 g/t from 79 metres.

Drilling is expected to start in February 2019 at Flushing Meadows which has shallow deposits underexplored this century and is 60-70 kilometres from three mills.

McClure project

McClure is also wholly-owned and is 10-28 kilometres from Echo’s Bronzewing mill which the junior company hopes to reopen with the weight of Northern Star on its share registry.

The project’s 20-kilometre strike of shear and contact-related mineralised trends is 1 kilometre south of Echo’s 1-2 million ounce Orelia gold deposit.

McClure includes the historic Success, Parmelia and Challenger oxide open pit gold mines where about 110,000 ounces were mined historically.

New drilling at the project is to start in February 2019.

Yandal Resources' top three key projects, the Ironstone Well, Barwidgee and Mt McClure gold projects

Gordons project

Gordons is 16 kilometres north of Northern Star’s giant gold mine Kanowna Belle near Kalgoorlie, which features more than 10 million ounces.

Yandal’s Gordons ground surrounds the Gordon-Sirdar underground gold mine and is along strike from the Mulgarrie gold mine where about 250,000 ounces were mined historically.

March 2019 quarter follow-ups at the project will focus on gold mineralisation found in a felsic porphyry unit.

M&A potential

Hughes told Proactive, “There is potential for consolidation here.

“Among the reasons Northern Star made an investment is that Northern Star owns the Jundee project, which is one of their largest operations in Australia and globally.

“Phenomenal grades are being discovered by them at depth, plus they’ve got a new discovery here, Ramone, not that far from us.”

Ramone has a maiden open-pit reserve of 74,000 ounces at 1.7 g/t.

READ: Echo Resources’ BFS confirms Yandal Gold Project is economically robust

Hughes said of Northern Star, “You can see why they’ve taken an interest in our belt here.

“They’re interested in the whole Yandal greenstone belt.”

Northern Star’s other investments are complementary to its investment in Yandal.

Hughes noted, “Northern Star also has a 20% holding in Echo Resources.

“They’re very interested in a strategic position on the belt so that’s why they were happy to come in.

“We’re in their area, they’ve got plenty of money — big fish in the pond — and we’re grateful for their support.”

Yandal's ground is near infrastructure and the home of the annual Diggers & Dealers Mining Forum, Kalgoorlie-Boulder

Flinders Park project

Yandal describes a fifth project, the Flinders Park project, as a ‘potential new discovery’.

The company had immediate success with its drilling efforts and returned 15 metres grading 2.03 g/t gold from 77 metres, including 1 metre at 14.52 g/t.

There is potential to more effectively test 1.5 kilometres at the north of the historically-explored project while considering the orientation of drilling.

Western Australian focus

Yandal is based in Nedlands, a few suburbs from West Perth, and shares offices with Reward Minerals Ltd (ASX:RWD) and Intermin Resources Limited (ASX:IRC).

Its four key projects are on proven greenstone belts.

The two greenstone belts its most advanced projects are located on are the highly prospective Yandal and Norseman-Wiluna greenstone belts.

Australian Securities Exchange newcomer Yandal listed on the ASX in December 2018.

 

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Wed, 09 Jan 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212202/yandal-resources-aims-to-firm-up-resources-and-make-new-discoveries-212202.html
<![CDATA[News - Yandal Resources drills high-grade oxide gold at Gordons Project ]]> https://www.proactiveinvestors.com.au/companies/news/212186/yandal-resources-drills-high-grade-oxide-gold-at-gordons-project-212186.html Yandal Resources Ltd (ASX:YRL) has received assay results from the December 2018 reverse circulation (RC) drilling program at its Gordons Gold Project in the Kalgoorlie region of Western Australia.

The 888 metres of RC drilling targeted the Gordons Dam prospect and aimed to discover the source of previously identified oxide gold.

Highlights from the results feature 8 metres at 7.33 g/t gold from 35 metres including 1 metre at 47.96 g/t gold and 3 metres at 18.30 g/t gold from 34 metres.

Mineralisation is open in most directions and follow up drilling is to commence in February 2019.

READ: Yandal Resources confirms multiple gold targets for follow-up exploration next year

Yandal’s managing director Lorry Hughes said: “The new results are highly encouraging as we have improved our understanding of the mineralisation system substantially.

“Bedrock intercepts in both porphyry and sheared basalt directly below high grade oxide gold suggests we could be onto a system of significant size.

“The new high-grade oxide intercepts have shown the mineralised footprint within palaeochannel sands and clays to be significantly larger than the original zone 300 metres long by 50 metres wide."

Follow-up work commenced

Follow up exploration has commenced to review available geo-data sets in order to interpret the geology and assay data with the latest information from the current program.

Hughes added: “Further assessment of the surrounding historic exploration results and geo-data sets is underway to determine the significance of the new results.

“Being so close to the large porphyry hosted Kanowna Belle mine certainly gives us confidence to pursue additional drilling at depth.”

The extent of the mineralisation is unknown and further drilling is required.

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Wed, 09 Jan 2019 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212186/yandal-resources-drills-high-grade-oxide-gold-at-gordons-project-212186.html
<![CDATA[News - Yandal Resources confirms multiple gold targets for follow-up exploration next year ]]> https://www.proactiveinvestors.com.au/companies/news/211536/yandal-resources-confirms-multiple-gold-targets-for-follow-up-exploration-next-year-211536.html Yandal Resources Ltd (ASX:YRL) has received encouraging results from its recent exploration activity at the Ironstone Well, Barwidgee and Mt McClure Gold Projects within the Yandal Greenstone Belt in Western Australia.

A total of 1,484 metres of reverse circulation (RC) drilling was completed at the Ironstone Well and Mt McClure projects in the September quarter with the final 1-metre assay results received this month.

Location of the Ironstone Well, Barwidgee and Mt McClure gold projects

Drilling at the Flinders Park gold prospect returned 15 metres at 2.03 g/t gold from 77 metres including 1 metre at 14.52 g/t gold from 79 metres.

Yandal’s drilling at the Flushing Meadows prospect aimed to confirm historically reported mineralisation and provide initial data for potential resource compilation.

The drilling returned 6 metres at 3.92 g/t gold from 18 metres including 2 metres at 9.87 g/t gold from 21 metres.

An additional hole was completed at the Challenger Way South prospect also to confirm the location of historical mineralisation.

READ: Yandal Resources bags $5 million; prepares for ASX listing

Yandal managing director Lorry Hughes said: “The result from Flinders Park is a great start and now provides us with encouragement to conduct substantial follow-up exploration in the new year.

“The historic drilling at Flinders Park indicated some potential and now we have expanded on that. We are hopeful that a re-interpretation of the mineralisation to be westerly dipping and having this early success could be a pathway to a new discovery.

“At Flushing Meadows the new results were largely in line with our expectations and provides confirmation of the reliability of data that has been used for historic resource estimates.

“New program planning to extend the areas that have sufficient quality of data capable of being included in JORC 2012 compliant resources is underway.

“Our Yandal projects contain numerous prospects that are along strike or adjacent to significant historically reported deposits and the exploration team is looking forward to thoroughly testing several of them in the first half of next year.”

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Thu, 20 Dec 2018 15:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211536/yandal-resources-confirms-multiple-gold-targets-for-follow-up-exploration-next-year-211536.html
<![CDATA[News - Yandal Resources up 10% in first afternoon of trading on ASX ]]> https://www.proactiveinvestors.com.au/companies/news/211200/yandal-resources-up-10-in-first-afternoon-of-trading-on-asx-211200.html Yandal Resources Limited (ASX:YRL) was 10% higher than its 20-cent listing price late afternoon after it began trading on the ASX at 1pm today.

Shares opened at 21 cents with the first seven trades at that price, before dropping to 20.5 cents and then 20 cents.

READ: Yandal Resources shares quoted on ASX from 1pm on Friday, December 14

A trade just after 3pm saw shares jump to 22 cents after almost 129,000 shares had been traded.

Yandal was admitted to the ASX after raising $5 million in an initial public offering (IPO).

READ: Yandal Resources bags $5 million; prepares for ASX listing

There were 25 million shares issued at a price of 20 cents each with the funds supporting exploration of its prospective gold projects in Western Australia.

The gold explorer’s projects are within the prolific greenstone belts of Western Australia and are along strike or adjacent to known gold deposits.

Projects in prolific Yandal belt

It has three projects in the Yandal Greenstone Belt – Ironstone Well, Barwidgee and Mt McClure.

Ironstone Well and Barwidgee are southeast of Wiluna and south of major Northern Star Resources Ltd (ASX:NST) Jundee operation, which hosts more than 10 million ounces.

At Mt McClure, Yandal holds prospective mining tenements containing 20-kilometres strike of shear and contact related mineralised trends.

This project is 1-kilometre south of Echo Resources Limited’s (ASX:EAR) 1-2 million-ounce Orelia gold deposit, and 10-28 kilometres from the Bronzewing mill.

Yandal has 55-kilometres strike of contiguous mining tenements over prospective Yandal Greenstone Belt rocks, in which more than 20 million ounces have been defined to date.

A fourth project, Gordons, is near Kalgoorlie and 16 kilometres north of the Kanowna Belle Gold Mine, also operated by Northern Star.

Gordons tenements directly surround the operating Gordon-Sirdar underground gold mine and are along strike from the historical Mulgarrie Gold Mine.

Exploration plans

The company expects to receive new assay results from drilling programs at the Ironstone Well, Mt McClure and Gordons projects soon after listing.

Yandal is also well advanced with plans and preparations for exploration programs to kick off early in the new year.

Its initial goal is to rapidly commercialise deposits within economic haulage distance of a number of third-party processing plants.

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Fri, 14 Dec 2018 15:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211200/yandal-resources-up-10-in-first-afternoon-of-trading-on-asx-211200.html
<![CDATA[News - Yandal Resources shares quoted on ASX from 1pm on Friday, December 14 ]]> https://www.proactiveinvestors.com.au/companies/news/211093/yandal-resources-shares-quoted-on-asx-from-1pm-on-friday-december-14-211093.html Yandal Resources Ltd (ASX:YRL) has been admitted to the Official List of the ASX Ltd (ASX:ASX) with quotation of its shares to begin at 1pm tomorrow, Friday, December 14, 2018.

The WA-focused gold explorer raised $5 million in an oversubscribed capital raising and is well positioned to advance its priority prospects targeting the discovery of ‘Tier 1’ gold deposits.

READ: Yandal Resources bags $5 million; prepares for ASX listing

Funds raised will be used for exploration at a suite of projects in the highly prospective Yandal Greenstone Belt of Western Australia.

Yandal said that with gold trading well over A$1,700 per ounce and the clear prospectivity of its projects, it looks forward to providing exciting information from exploration activities in the near-term.

Managing director and CEO Lorry Hughes said: “On behalf of the board I would like to thank all our staff, shareholders and suppliers for getting behind us and helping to make this happen.”

The company expects to receive new assay results from drilling programs at the Ironstone Well, Mt McClure and Gordons projects soon after listing.

Yandal is also well advanced with plans and preparations for exploration programs to kick off early in the new year.

The projects are along strike or adjacent to known gold deposits.

Three projects - Ironstone Well, Barwidgee and Mt McClure – are within the Yandal Greenstone Belt, which continues to host new large-scale gold discoveries.

Ironstone Well and Barwidgee are southeast of Wiluna and south of another major Northern Star Resources Ltd’s (ASX:NST) operation, Jundee, which hosts more than 10 million ounces.

A fourth, Gordons, is 16-kilometres north of Northern Star’s large Kanowna Belle gold mine in the prospective Kalgoorlie region.

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Thu, 13 Dec 2018 09:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211093/yandal-resources-shares-quoted-on-asx-from-1pm-on-friday-december-14-211093.html
<![CDATA[News - Yandal Resources bags $5 million; prepares for ASX listing ]]> https://www.proactiveinvestors.com.au/companies/news/210741/yandal-resources-bags-5-million-prepares-for-asx-listing-210741.html Yandal Resources Ltd (ASX:YRL) has received the approval to be admitted to the official list of the ASX following a successful $5 million capital raising which was oversubscribed.

The company is planning to use the funds for exploration across a suite of projects in Western Australia.

Yandal’s projects are along strike or adjacent to known gold deposits.

Three projects - Ironstone Well, Barwidgee and Mt McClure – are within the Yandal Greenstone Belt, which continues to host new large-scale gold discoveries.

A fourth, Gordons, is 16-kilometres north of Northern Star Resources Ltd’s (ASX:NST) large Kanowna Belle gold mine in the prospective Kalgoorlie region.

Ironstone Well and Barwidgee are southeast of Wiluna and south of another major Northern Star operation, Jundee, which hosts more than 10 million ounces.

Imminent ASX listing

Over the course of the next few days, Yandal will work with the ASX to satisfy the remaining standard conditions required and determine the official listing date.

With gold trading well over A$1,700 per ounce and the clear prospectivity of its projects, the company is aiming to embark on its exploration programs shortly.

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Fri, 07 Dec 2018 17:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210741/yandal-resources-bags-5-million-prepares-for-asx-listing-210741.html
<![CDATA[News - Yandal Resources to outline golden hopes for IPO at Melbourne CEO Session ]]> https://www.proactiveinvestors.com.au/companies/news/208685/yandal-resources-to-outline-golden-hopes-for-ipo-at-melbourne-ceo-session-208685.html Yandal Resources Limited (ASX:YRL) plans to list on the ASX and managing director Lorry Hughes will outline the company’s plans for its WA gold projects during the Proactive CEO Session in Melbourne on Tuesday, November 20.

The company plans to raise $5 million in an IPO at 20 cents per share and this will support exploration at its suite of projects in multi-million-ounce greenstone belts.

It hopes that the IPO will be completed before Christmas.

Within Yandal Greenstone Belt

Yandal’s projects are along strike or adjacent to known gold deposits.

Three projects - Ironstone Well, Barwidgee and Mt McClure – are within the Yandal Greenstone Belt, which continues to host new large-scale gold discoveries.

A fourth, Gordons, is 16-kilometres north of Northern Star Resources Ltd’s (ASX:NST) large Kanowna Belle gold mine in the prospective Kalgoorlie region.

Ironstone Well and Barwidgee are southeast of Wiluna and south of another major Northern Star operation, Jundee, which hosts more than 10 million ounces.

Yandal has 55-kilometres strike of contiguous mining tenements over prospective Yandal Greenstone Belt rocks, in which more than 20 million ounces have been defined to date.

Near Orelia deposit

At Mt McClure, Yandal holds prospective mining tenements containing 20-kilometres strike of shear and contact related mineralised trends.

This project is 1-kilometre south of Echo Resources Limited’s (ASX:EAR) 1-2 million ounce Orelia gold deposit, and 10-28 kilometres from the Bronzewing mill.

The Gordons tenements directly surround the operating Gordon-Sirdar underground gold mine and are along strike from the historic Mulgarrie Gold Mine.

Market cap of about $10.7 million anticipated

Yandal expects to have a market cap on listing of approximately $10.7 million

Its initial goal is to rapidly commercialise deposits within economic haulage distance of a number of third-party processing plants.

Register for the CEO Session today to find out more.

Melbourne details, Tuesday, November 20, 2018

Also featuring in Melbourne will be Blackstone Minerals Ltd (ASX:BSX), Great Boulder Resources (ASX:GBR) and High Peak Royalties Ltd (ASX:HPR).

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Wed, 07 Nov 2018 12:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208685/yandal-resources-to-outline-golden-hopes-for-ipo-at-melbourne-ceo-session-208685.html
<![CDATA[Media files - Yandal Resources working to float on ASX before end of this year ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10965/yandal-resources-working-to-float-on-asx-before-end-of-this-year-10965.html Thu, 25 Oct 2018 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10965/yandal-resources-working-to-float-on-asx-before-end-of-this-year-10965.html <![CDATA[News - Yandal Resources to outline golden hopes for IPO at Proactive CEO Session ]]> https://www.proactiveinvestors.com.au/companies/news/206617/yandal-resources-to-outline-golden-hopes-for-ipo-at-proactive-ceo-session-206617.html Yandal Resources Limited (ASX:YRL) plans to list on the ASX and managing director Lorry Hughes will outline the company’s plans for its WA gold projects during the Proactive CEO Session in Sydney on Monday, October 22.

The company plans to raise $5 million in an IPO at 20 cents per share and this will support exploration at its suite of projects in multi-million-ounce greenstone belts.

Yandal’s projects are along strike or adjacent to known gold deposits.

Within Yandal Greenstone Belt

Three projects - Ironstone Well, Barwidgee and Mt McClure – are within the Yandal Greenstone Belt, which continues to host new large-scale gold discoveries.

A fourth, Gordons, is 16-kilometres north of Northern Star Resources Ltd’s (ASX:NST) large Kanowna Belle gold mine in the prospective Kalgoorlie region.

Ironstone Well and Barwidgee are southeast of Wiluna and south of another major Northern Star operation, Jundee, which hosts more than 10 million ounces.

Yandal has 55-kilometres strike of contiguous mining tenements over prospective Yandal Greenstone Belt rocks, in which more than 20 million ounces have been defined to date.

Near Orelia deposit

At Mt McClure, Yandal holds prospective mining tenements containing 20-kilometres strike of shear and contact related mineralised trends.

This project is 1-kilometre south of Echo Resources Limited’s (ASX:EAR) 1-2 million ounce Orelia gold deposit, and 10-28 kilometres from the Bronzewing mill.

The Gordons tenements directly surround the operating Gordon-Sirdar underground gold mine and are along strike from the historic Mulgarrie Gold Mine.

Market cap of about $10.7 million anticipated

Yandal expects to have a market cap on listing of approximately $10.7 million

Its initial goal is to rapidly commercialise deposits within economic haulage distance of a number of third-party processing plants.

Register for the CEO Session today to find out more.

Sydney details, Monday, September 17, 2018

Also featuring will be High Peak Royalties Ltd (ASX:HPR), Minotaur Exploration Ltd (ASX:MEP) and MMJ PhytoTech Ltd (ASX:MMJ)

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Tue, 09 Oct 2018 08:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206617/yandal-resources-to-outline-golden-hopes-for-ipo-at-proactive-ceo-session-206617.html