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Yandal Resources (ASX:YRL) intersects high-grade gold at Gordons

Mining
ASX:YRL      MCAP $30.79M
08 October 2020 14:30 (AEST)
Reward Minerals (ASX:RWD) - incoming CEO, David (Lorry) Hughes

Source: HotCopper

Yandal Resources (YRL) has intersected its highest grades to date at the Gordons gold project in Western Australia.

Gordon’s Dam lies within the highly prospective Kalgoorlie-Boulder Region and consists of 36 mining, exploration and protecting licences.

55 reverse circulation (RC) holes, totalling 4385 metres, were drilled at the Gordons Dam prospect to test for extensions along strike from known mineralisation.

Best results include one metre at 73.12g/t gold within eight metres at 11.03g/t gold from 36 metres and one metre at 15.13g/t gold within seven metres at 3.48g/t gold from 38 metres.

Results from a further 36 RC holes are pending and once received they will be used in a maiden mineral resource estimate.

Additionally, a 10,000 metre aircore (AC) drilling program testing for extensions of Gordons Dam, which began in mid-September, is scheduled to finish at the end of October.

Finally, a two hole diamond drilling program, for 500 metres, has been designed to examine the geological and structural controls at Gordons Dam.

Subject to rig availability, work is expected to be completed in the December quarter.

“High grades have been intersected beneath parts of the palaeochannel previously and the exploration plan is to continue to explore for deeper extensions utilising geological and structural observations from the pending diamond core drilling,” Managing Director Lorry Hughes said.

“In the meantime, shallow aircore drilling will continue to explore for new palaeochannel and bedrock hosted gold trends in order to provide new targets for RC testing,” Lorry said.

Yandal is currently up a healthy 22.4 per cent and shares are trading for 35.5 cents each at 1:50 pm AEDT.

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