Join our daily newsletter At The Bell to receive exclusive market insights
- Yandal Resources (YRL) begins diamond drilling at its Gordons gold project in WA
- Two diamond holes will be drilled to test the high-grade mineralisation intersected at the Malone prospect via reverse circulation (RC) drilling
- These two intersections lie roughly 30 metres from each other and the diamond drilling will provide further lithological and structural information
- This will allow Yandal to update its geological model and refine targets ahead of an extensive follow-up RC program scheduled to begin in May
- Yandal ends the day 8.33 per cent in the green with shares trading at 26 cents
Yandal Resources (YRL) has begun diamond drilling at its Gordons gold project in Western Australia.
Two diamond holes will be drilled to test the high-grade mineralisation intersected at the Malone prospect via reverse circulation (RC) drilling.
This RC drilling returned results of five metres at 7.7 g/t gold from 210 metres including one metre at 15.4 g/t gold from 212 metres, and three metres at 8.8g /t gold from 190 metres including one metre at 19.4 g/t gold.
These two intersections lie roughly 30 metres from each other and the diamond drilling will provide further lithological and structural information.
This will allow Yandal to update its geological model and refine targets ahead of an extensive follow-up RC program scheduled to begin in May.
“We are very pleased to begin testing Malone with diamond drilling so soon after identifying high-grade gold mineralisation at the prospect. Mineralisation is located adjacent to a pronounced structural jog in the mafic/felsic contact that passes through the area,” Managing Director Tim Kennedy commented.
“Prior to initial drill testing this feature was considered a high priority target and it was great confirmation of our targeting process to see these high-grade results being returned,” he added.
“It was particularly encouraging to see that mineralisation is associated with sulphides, quartz veining and fuchsite, a similar association to mineralisation at the nearby Gordon-Sirdar Mine.”
Yandal has ended the day 8.33 per cent in the green with shares trading at 26 cents.
