viewYandal Resources Ltd

Yandal Resources begins 20,000-metre drilling at Ironstone Well and Barwidgee gold projects

Priorities are to define further shallow mineralisation adjacent to the Flushing Meadows resource and to assess the potential for extensions at depth.

Yandal Resources Ltd - Yandal Resources begins 20,000-metre drilling at Ironstone Well and Barwidgee gold projects
Gordons Gold Project drilling complete with initial assay results expected in mid-October

Yandal Resources Ltd (ASX:YRL) has expanded drilling activities at a number of prospects within its highly prospective gold projects in the Yandal Greenstone Belt in WA.

Flushing Meadows Prospect

As a direct follow-up to the completion of an initial resource over 190,000 ounces, a staged program comprising 82 reverse circulation (RC) holes for ~9,000 metres has commenced.

The program will firstly target shallow areas that have potential to expand and improve continuity of resource envelopes in areas with insufficient data density.

Drilling will then be completed in several areas beneath known oxide and transitional mineralisation to a maximum estimated down hole depth of 200 metres.

The new information at depth should improve Yandal’s understanding of lithology and structural controls of the mineralisation within primary rock types.

The results from this program are expected to allow the company to plan in detail the location of a number of diamond drill holes for inclusion in feasibility level geological, geotechnical and metallurgical studies in the March quarter 2020.

Reconnaissance prospects

A combination of air-core (AC) and RC drilling is planned to test gold targets at eight prospects within or adjacent to the Barwidgee Shear Zone comprised of about 83 AC holes for ~9,000 metres and 13 RC holes for ~1,500 metres.

The program includes holes to follow-up recent exploration results north and south of the Flushing Meadows deposit and holes as a follow-up to mineralisation identified at a number of historical prospects.

Drilling at the Oblique and Quarter Moon prospects both within 6 kilometres along strike and adjacent to Flushing Meadows will be completed to target the confirmation of reported shallow historical mineralisation.

If successful, new resource style follow up programs will be designed and budgeted for completion during the March and June quarters 2020.

Gordons Gold Project

A 32-hole combination AC and RC drilling program totalling 1,830 metres has been completed with initial assay results expected in mid-October.

Holes were completed at the Gordons Dam, Lady Clara and Dickens Custer prospects.

Next steps

The current program is planned to be completed on a semi-continuous basis alternating between RC and AC holes dependent upon results for the remainder of the December quarter.

Assay results from this program are expected to be returned from analytical laboratories for assessment on a regular basis from early November until the end of the March quarter 2020.

Yandal’s exploration strategy for its projects is to initially target a significant expansion of the Flushing Meadows gold deposit and to then to define a priority pipeline of new prospects with resource potential.

Meanwhile, a number of early-stage development activities to support the strategy have commenced or are under review in order to provide data for scoping and feasibility studies for mining operations and to assess resource potential.

Quick facts: Yandal Resources Ltd

Price: 0.27 AUD

Market: ASX
Market Cap: $18.05 m

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