Company
ASX:YRL
Yandal Resources Ltd has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
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"We look forward to completing this initial diamond program and then testing the extents of mineralisation with a more comprehensive RC program," says MD.
“Thanks to the outstanding efforts of Lorry and the team we have a strong pipeline of projects ranging from early-stage targets through to the definition of initial resources," new MD and CEO Tim Kennedy said.
“With these results, the Malone prospect remains a high priority exploration target within the Gordons Gold Project in terms of its potential size and grade at depth,” says MD.
“The extent of the mineralisation is unknown at this stage with large areas nearby considered untested," said MD.
“The Board would like to thank Lorry for his outstanding efforts in acquiring and driving the project portfolio of Yandal. The successful definition of new highly significant mineralisation at several prospects ensures the Company has a sol
“Yandal is targeting 100,000-120,000 metres of drilling in 2022 and I look forward to building on the successes of last year to rapidly expand the mineral resource base,” says MD.
“The board is very pleased with the high level of financial support received from existing shareholders taking up their rights to strengthen our cash balance going into 2022,” says MD.
The result is considered highly significant as it demonstrates the potential for high-grade mineralisation to extend for more than 250 metres down dip from the surface.
The company’s strategy is to aggressively explore a number of highly prospective areas with the aim of making multi-million-ounce gold discoveries.
“The delineation of the Newport anomaly so close to the Flushing Meadows resource affirms our strategy of conducting thorough drill testing in prospective areas where historic reconnaissance drilling was too shallow to be effective," says M
Two of the acquisition tenements are contiguous with the Star of Gordon prospect and effectively doubles the available strike length for exploration to ~4 kilometres within the highly prospective Gordon-Sirdar gold mine corridor.
Drilling will continue at the Gordons Dam and Star of Gordons prospects until drilling results are received from the Malone, Andrews and Bradman prospects in order to evaluate and prioritise new drilling targets.
Preparation has commenced for a detailed drone magnetic survey over a 7-kilometre by 4-kilometre area to assist with new target generation ahead of follow-up RC drilling.
Results are pending from 160 aircore, more than 55 reverse circulation and two diamond holes.
The company’s exploration has ramped up with the start of diamond drilling, further increasing the rigs in operation at the Malone and Gordons Dam prospects to four.
According to the company, the tenement swap makes good sense as the ground obtained could host strike and depth extensions to gold mineralisation at its Malone Prospect to the immediate south.
The prominent gold sector investor has secured an additional 6.6 million shares at 48 cents each to boost its holding in Yandal by 5.64%.
During the June Quarter, the company transitioned its priority one focus towards exploration activities at the Gordons Dam and adjacent Malone prospects.
The company’s main focus in the near-term is to accelerate drilling at Gordons Dam, with four rigs set to be operational in July at the prospect.
Planning and preparation for follow-up RC drilling to test for mineralisation at 100-150 metres depth is underway.
The company considers the Star of Gordon prospect to be a high-priority exploration target.
A total of 22 holes for 2,531 metres were completed in March and drilled at four different directions (azimuths) to test several geological interpretations prior to design of expansion diamond and RC drilling at depth.
The company is looking ahead to a busy quarter with drilling ongoing and assay results expected from drilling at the Sims Find, Gordons Dam, Malone and Star of Gordons gold prospects.
Results from a further 19 aircore holes for 1,476 metres from Malone prospect and 84 RC holes for 8,372 metres from the Gordons Dam, Gordons Dam SE, Malone, Bradman, Andrews and Star of Gordon prospects are pending.
The company recently intersected shallow high-grade gold of up to 12.24 g/t at the Mt McClure Gold Project in Western Australia.
The company is now preparing for high-impact reverse circulation drilling, including holes to 350 metres in depth.
High-impact drilling has started to test multiple large-scale exploration targets as part of the company’s planned 100,000-metre program for 2021.
The company is at an advanced stage of reviewing the available geophysical, geochemical and geology datasets in light of the new results and is generating exploration drilling plans to implement in the March and June quarters 2021.
Follow-up RC and AC drilling programs to expand known mineralisation at Gordons Dam and other priority prospects within the project began in mid-January.
The company has several highly prospective projects that have the potential to host multi-million-ounce gold discoveries and new director Tim Kennedy intends to assist uncovering that value.
Three ASX-listed companies presented during the online webinar which can be viewed at any time on YouTube.
Three speakers will present for a period of 12 minutes each followed by a 5 minute Q&A session.
The company plans to undertake a 20,000-metre follow up RC and AC drilling program by the end of the quarter.
57 reverse circulation holes for 3,877 metres have been drilled at Sims Find, Copan, Barty Bullseye, Rosewall, Woolshed Well, Flinders Park, Quarter Moon and Oblique prospects this quarter with encouraging initial results received.
AC drilling results have doubled the strike length to 1.5 kilometres at Gordons Dam with multiple new priority RC drill targets defined.
The company has an exciting portfolio of highly prospective gold projects in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia.
Up to 97.53% gold was recovered from conventional gravity and cyanide leach processing of primary RC drill samples.
A large proportion of the exploration budget for the next two years will be directed within a 10-kilometre radius of Flushing Meadows, including the Oblique and Quarter Moon prospects where significant historic mineralisation occurs.
Encouraging drilling results continue from Gordons Dam and the company intends to continue aggressive exploration aimed at defining the economic potential of the discovery.
The new mineral resource estimate for the Flushing Meadows deposit is 7.4 million tonnes at 1.13 g/t gold for 268,000 ounces reported above 0.5 g/t gold lower cut-off grade.
Yandal has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
The company has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
The placement was supported by two large gold investors and funds raised will be used in exploration across Yandal's suite of gold projects in Western Australia.
Aircore and diamond drilling programs for a total of 10,500 metres are set to continue through the December quarter at Gordons Dam and other regional prospects.
Aircore and diamond drilling programs for a total of 10,500 metres are set to continue through the December quarter at Gordons Dam and other regional prospects.
The feasibility study, mining proposal and mine closure plan contemplate the construction of a conventional open pit mining operation with road haulage to third-party processing facilities.
The company plans a 10,000-metre reconnaissance aircore program at Gordons Dam and the testing of other high-priority targets in mid-September.
Substantial oxide and primary gold assays have been returned from individual 1-metre samples from RC drilling completed in June 2020.
The board of directors have been greatly encouraged with the high level of financial support from existing shareholders to rapidly advance the company’s gold portfolio.
The company is well funded to explore its portfolio of highly prospective gold projects located in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia.
The company directors announced on June 12 a plan to raise up to $3,342,399 by a pro-rata non-renounceable rights offer to accelerate the Gordon’s and Mt McClure projects in WA.
The company directors announced on June 12 a plan to raise up to $3,342,399 by a pro-rata non-renounceable rights offer to accelerate the Gordon’s project as well as the Mt McClure project in Western Australia.
Flushing Meadows is within the Ironstone Well gold project is in the highly prospective Yandal Greenstone Belt in Western Australia and 60 kilometres southeast of Wiluna.
The company considers the results highly encouraging as they represent a high-priority exploration target for ongoing follow-up to assess the potential to define new resources.
The drilling results will be used to upgrade the initial mineral resource estimate and planned feasibility study.
Funds raised will be used to accelerate exploration at the Gordon's Project as well as the Mt McClure Project, for working capital and to meet offer expenses.
Recent drilling results received at Flushing Meadows will support an updated mineral resource estimate planned for the September quarter.
The results are expected to support an updated mineral resource estimate planned for the September quarter.
The drilling is designed as an immediate follow-up to the strong results returned from drilling in April/May.
In a June update CEO Lorry Hughes said the company was looking forward to providing exciting information from further exploration and mining development activities.
Maximus has a royalty capped at $4 million over the WA project which has a 190,000-ounce resource that is set to grow.
The mineralisation seen in the RC drilling has similarities to the nearby world-class Kanowna Belle gold deposit; shares increase.
The company’s cash position as at March 31 was $4.4 million which ensures adequate funding to carry out aggressive exploration programs in 2020.
The best intersection received to date is 5 metres at 5.84 g/t gold, including 1 metre at 21.06 g/t from 33 metres with a 10,000-metre drilling program set to begin as part of open pit mining feasibility study work.
The company has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
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.
Soil sampling has discovered a new high-priority gold target known as Bullseye at the Barty Prospect.
The company is well-located in WA greenstone belts that host a number of multi-million-ounce deposits.
A 20,000-metre resource expansion and discovery drill program will resume in the first quarter of 2020 at Ironstone Well and Barwidgee gold projects.
The company has completed over 5,000 metres of the current 20,000 metres drilling program to test several priority Yandal Belt prospects.
The gold explorer has returned double-digit grades in recent times and has more drilling results to come.
Mineralisation is open and demonstrates the potential to define a deposit at depth beneath high-grade palaeochannel sediments up to 48 g/t gold.
Follow-up test work using representative diamond core samples is planned after completion of the current RC drilling program in Q1 2020.
Priorities are to define further shallow mineralisation adjacent to the Flushing Meadows resource and to assess the potential for extensions at depth.
Drilling on the 20-kilometre Barwidgee Shear Zone trend that includes Flushing Meadows is only a small part of the exploration potential on Yandal’s under-explored Yandal Greenstone Belt projects.
The company has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna greenstone belts of WA.
Earlier this week, Yandal confirmed further encouraging gold intersections from drilling at the Ironstone Well project in WA.
The new targets confirm the highly prospective mineral potential of the Gordons Dam prospect.
The Flushing Meadows prospect is within the regionally extensive Barwidgee shear zone and is 60 kilometres southwest of Wiluna, near several gold development projects and operating mines.
The company is well-funded to accelerate exploration and development activities at its projects as its rights issue and shortfall placement to raise $2.94 million closed oversubscribed.
The company has a portfolio of advanced gold exploration projects in the prospective Yandal and Norseman-Wiluna greenstone belts of WA.
The Flushing Meadows prospect is within the regionally extensive Barwidgree shear zone and is 60 kilometres southwest of Wiluna, near several gold development projects and operating mines.
The share purchase is a vote of confidence for the company's gold exploration prospects in Western Australia.
The gold anomalism could be tracking the location of a major gold bearing structure with the potential to host significant deposits at depth undercover.
Results have been received from three prospects, Flushing Meadows, Flinders Park, and Rosewall.
The company recently confirmed promising gold assay results from a 29-hole drill program at the Flushing Meadows prospect within the Ironstone Well Project.
The halt will remain until the start of trading on Monday, June 24, 2019, or when an announcement is released.
Results confirm Flushing Meadows as a substantial oxide gold deposit with a strike length of 1.7 kilometres.
5,570 metres of reverse circulation drilling completed at the Flushing Meadows, Flinders Park and Rosewall prospects.
Yandal is developing the Gordons Gold Project which is north of Northern Star’s Kanowna Belle mine.
Key upcoming activities include an IP survey and subsequent RC drill plans at Gordons Dam prospect and geological mapping and sampling as well as planning a new reconnaissance drill program at Mulgarrie North.
MD Lorry Hughes told this week’s Proactive CEO Sessions that the company is focused on gold in prolific WA Goldfields greenstone belts.
The Sydney session is on Tuesday, April 9 and the Melbourne session on the following day, April 10.
Simon Finnis received the award from Asia’s largest mining investment forum, Mines and Money.
Investments and investor services
Managing director Lorry Hughes will update investors in Sydney and Melbourne next week.
Investments and investor services
Managing director John Sargeant will update investors in Sydney and Melbourne next week.
Mineralisation is open at depth and for 4 kilometres along strike with a 6,000-metre follow-up drill program to begin in mid-April.
Aircore drilling has returned encouraging results from the Ironstone Well and Barwidgee projects near Wiluna.
The aircore program is following up highly encouraging results from RC drilling late last year at Gordons Dam prospect.
The company recently completed an aircore drilling program at Ironstone Well with the results expected soon.
