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Yandal Resources drilling reveals two new areas of gold mineralisation

Follow-up drilling to test new target areas are at the advanced planning stage and will be included in ongoing resource expansion and discovery programs for the 2020 field season.

Yandal Resources Ltd - Yandal Resources drilling reveals two new areas of gold mineralisation
Highlight results include 12 metres at 3.44g/t gold from 47 metres including 1 metre at 17.47/t gold

Yandal Resources Ltd (ASX:YRL) has revealed further high-grade gold results from drilling at the Ironstone Well and Barwidgee gold projects in the Yandal Greenstone Belt of WA.

Location map of key prospects within the Ironstone Well, Barwidgee and Mt McClure gold projects in relation to nearby third party infrastructure and project tenure.

At Flushing Meadows Prospect, results have been received from a further nine reverse circulation (RC) holes for 1,205 metres which were completed from 60 – 174 metres depth in areas within and adjacent to the Flushing Meadows Resource.

Highlights include:

  • 12 metres at 3.44g/t gold from 47 metres including 1 metre at 17.47/t gold from 54 metres (YRLRC183); and
  • 5 metres at 1.97g/t gold from 9 metres and 3 metres at 2.25g/t gold from 23 metres.

At Flinders Park, eight aircore holes for 831 metres and five RC holes for 518 metres were drilled on the historical Melrose in order to assess the influence of interpreted off-setting faults.

RC hole YRLRC0160 returned 4 metres at 2.75g/t gold from 45 metres downhole and is 200 metres north east of the best intercept at the prospect to date (15 metres at 2.03g/t gold from 77 metres).

Flushing Meadows North to Flinders Park prospect collar plan over a bottom of hole geology interpretation showing the location of recently completed RC and aircore holes plus new 1-metre results from the Flushing Meadows South prospect.

Yandal managing director Lorry Hughes said: “Our reconnaissance drilling on the Barwidgee Shear Zone along strike from Flushing Meadows is starting to pay dividends with the discovery of two new areas of significant mineralisation.

“The Northern Target area is open in all directions with initial grades up to 4.27g/t gold returned.

“In the Southern Target area significant mineralisation was returned from four separate AC drill lines covering a strike length of 1km with initial grades up to 2.91g/t Au.

“Historic reconnaissance drilling had been completed in both areas however it is considered to have been largely ineffective as in most cases the holes were vertical and not deep enough to penetrate depletion zones within the extensively weathered terrain.”

Follow-up drilling planned

Hughes added “Follow-up AC and RC drilling to test the new target areas are at the advanced planning stage and will be included in ongoing resource expansion and discovery programs for the 2020 field season.

“The company is due to receive one more batch of 1m samples later this month from Flushing Meadows drilling completed in the December Quarter 2019 and once results are interpreted, new drilling will commence”.

Quick facts: Yandal Resources Ltd

Price: 0.275 AUD

ASX:YRL
Market: ASX
Market Cap: $18.67 m
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