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- Yandal Resources (YRL) receives assays from its 101-hole reconnaissance air-core (AC) drilling program at its Ironstone Well/Barwidgee (IWB) and Mt McClure gold projects in Western Australia
- At YRL’s IWB project, broad-spaced drilling extended gold mineralisation northwest and southeast toward the Quarter Moon prospect
- Meanwhile, drilling at Mt McClure returns positive results from three of the eleven gold targets tested
- Yandal is now working towards establishing a maiden mineral resource at its HMS Sulphur prospect within Mt McClure
- YRL shares are down 10.3 per cent, trading at 6.1 cents at 11:40 am AEST
Yandal Resources (YRL) has received the final results from its 101-hole reconnaissance air-core (AC) drilling program at its Ironstone Well/Barwidgee (IWB) and Mt McClure gold projects in Western Australia.
The near-5000 metre drill programs were completed over the March quarter, and were designed to follow up on several target areas in the region.
At the IWB project, broad-spaced drilling extended the gold mineralisation northwest and southeast toward the company’s Quarter Moon prospect.
Gold was defined at Quarter Moon along a strike length of 1000 metres, in an area which previously returned six metres at 3.4 grams per tonne (g/t) gold from 142 metres.
Other significant intersections included six metres at 1.1g/t gold from 19 metres, and three metres at 1.9 g/t gold.
Yandal Managing Director Tim Kennedy said the results added further strike potential to the Quarter Moon prospect, which the company regards as a high-priority target.
“This air-core program was reconnaissance in nature and designed to test several target areas for prospective geology and evidence of mineralisation,” Mr Kennedy said.
“At Ironstone Well/Barwidgee it was very encouraging to see a strong geochemical response up to 3.2 g/t gold, approximately 700 metres north along strike from Quarter Moon.”
Additionally, Yandal’s early-stage prospect at IWB, Roland Garros, intersected a splay structure travelling north of the known high-grade mineralisation at Flinders Park and in the hanging wall of the flushing meadows deposit.
“Several lower-order intercepts from a single traverse drilled at Roland Garros indicate that this prospect, which is situated along a splay structure in the hanging wall sequence to the Flushing Meadows Resource, is prospective and warrants further work,” Mr Kennedy continued.
Meanwhile at the Mt McClure project, Yandal conducted intial aircore traverses in the hanging-wall sequence along its Mt McClure line of lodes, which focused on structurally bound demagnetised zones and untested surface geochemical anomalisms.
The company said it will follow this up with drilling in the second quarter of 2023, while it awaits reverse circulation (RC) drilling results from its HMS Sulphur prospect at Mt McClure.
YRL shares were down 10.3 per cent, trading at 6.1 cents at 11:40 am AEST.
