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Confidence among the geotech team for Yandal Resources (ASX:YRL) has been boosted with the company reporting fresh gold hits at Siona.
Siona, for those playing at home, is a gold target part of the company’s larger WA-based Ironstone Well-Barwidgee Project. The company’s latest gold hits come off the back of a completed follow-up program.
The company reported on Wednesday multiple drill hits including:
- 17m @ 4.9g/t gold from 85m depth, including:
- 01m @ 62g/t gold from 85m
- 23m @ 1.3g/t gold from 102m depth, including:
- 15m @ 1.6g/t gold
- 43m @ 0.4g/t gold from 93m depth
(All in all, kind of a mixed bag.)
Visible gold chips in RC samples returned to the surface were also noted.
After sniffing along 500m of target area, Management said on Wednesday the company has ultimately shored up 300m worth of prospective strike.
While rains currently impede RC drilling on-site, Yandal MD Chris Oorschot said it’s a good time for the exploration team to consolidate data, get together, and prepare for a fresh campaign in early 2025.
“Siona infill RC drilling continues to demonstrate mineralisation continuity along strike and has extended mineralisation… now confirmed along more than 300m of strike,” Oorschot said.
“It is also encouraging to see higher-grade intercepts across Siona, which are supported by the observation of visible gold.
“Heavy rainfalls across the project area have resulted in a pause in current RC drilling. However, this will give the exploration team time to consolidate results and prepare for drilling to re-commence in early 2025.”
That 2025 drill run will go after extant “structural targets and regolith anomalies” right near Siona, targeting what is believed to be the eastmost end of an underlying granite formation.
YRL last traded at 23cps.
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