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.
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.