Yandal Resources Ltd (ASX:YRL) has gained a new substantial holder in DGO Gold Ltd (ASX:DGO) which has acquired an 8.69% interest.
DGO Gold purchased Yandal shares worth more than $4 million last week.
12,500-metre drilling program
Yandal is about to begin a 12,500-metre program of reverse circulation (RC) and aircore drilling at key prospects in the highly prospective Yandal Greenstone Belt in Western Australia.
The new program is designed to test priority brownfields targets at the Ironstone Well, Barwidgee and Mt McClure projects.
RC drilling for groundwater and dewatering test-work as part of the Flushing Meadows open pit feasibility study will be included and is scheduled to start next month.