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

The company’s Yandal projects contain numerous prospects that are along strike or adjacent to significant historical deposits.

gold on the elementary table
Follow up exploration programs planned to commence in January 2019

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.”

Quick facts: Yandal Resources Ltd

Price: 0.265 AUD

ASX:YRL
Market: ASX
Market Cap: $17.71 m
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