- Yandal Resources (YRL) has released an initial mineral resource estimate (MRE) for the Success deposit within its Mt McClure gold project in WA
- The inferred MRE sits at 1.26 million tonnes at 1.9 grams per tonne (g/t) gold for 75,000 ounces, with a one g/t cut-off gold grade
- The company defined mineralisation to a maximum depth of 210 metres, and Yandal says it remains open and is currently constrained by a lack of drilling
- Success is the second MRE defined at the project, with an MRE completed at the Challenger prospect last month and a third underway at Parmelia
- Shares in Yandal Resources last traded at 15.5 cents each on September 5
Yandal Resources (YRL) has released an initial mineral resource estimate (MRE) for the Success deposit within its Mt McClure gold project in WA.
The inferred MRE sits at 1.26 million tonnes at 1.9 grams per tonne (g/t) gold for 75,000 ounces, with a one g/t cut-off gold grade.
The resource includes mineralisation beneath the historic Success pit.
Yandal defined mineralisation to a maximum depth of 210 metres, and the company said it remained open at depth and was constrained by a lack of drilling.
Managing Director Tim Kennedy said he believed the mineralisation continued at least a further 150 metres down-dip to a vertical depth of about 290 metres.
“There is clear potential to extend the Success resource with further targeted drilling beneath the base of the MRE — an opportunity that we intend to pursue as a matter of priority,” Mr Kennedy said.
Success is the second MRE defined at the project, with an MRE completed at the Challenger prospect last month and a third underway at Parmelia.
The company is currently planning resource extension drilling at all three deposits.
Shares in Yandal Resources last traded at 15.5 cents each on September 5.