Yandal Resources Ltd (ASX:YRL) has underscored the potential of its projects in the Yandal Belt with the discovery of a 3-kilometre-long gold anomaly at Newport Prospect, directly along strike from the Flushing Meadows deposit within the Ironstone Well and Barwidgee projects in Western Australia.
Highlight results from a soil sampling program include:
- 8 metres at 482 parts per billion (ppb) gold from 37 metres including 1-metre at 2,620ppb and 3 metres at 1,360ppb from 78 metres including 1-metre at 3,150ppb;
- 11 metres at 185ppb from 33 metres including 1-metre at 1,430ppb;
- 2 metres at 695ppb from 91 metres including 1-metre at 1,400ppb;
- 12 metres at 396ppb from 40 metres including 4 metres at 1,150ppb, 8 metres at 486ppb from 76 metres including 4 metres at 992ppb and 4 metres at 350ppb from 96 metres; and
- 1-metre at 890ppb from 40 metres and 1-metre at 70ppb at the end-of-hole.
“Outstanding opportunities”
“The delineation of the Newport anomaly so close to the Flushing Meadows resource affirms our strategy of conducting thorough drill testing in prospective areas where historic reconnaissance drilling was too shallow to be effective,” Yandal Resources managing director Lorry Hughes said.
“We believe there are outstanding opportunities within our ground to make large gold discoveries in the shadows of known deposits under surficial cover by initially drilling to bedrock.
“Historically it was common for explorers in the region to complete vertical reconnaissance holes to shallow set depths such as 20 metres and take composite samples using a parts-per-million laboratory detection limit.
“We believe in most areas this method was ineffective due to a lack of understanding about the highly mobile nature of gold in the extremely weathered upper parts of the subsurface.
“All our reconnaissance drilling in the Yandal Belt is designed to be angled, completed to the top of fresh rock (often over 100 metres vertical depth) and samples are analysed using a parts-per-billion detection limit.
“The next phase of exploration within the Ironstone Well and adjoining Barwidgee projects is to commence new heritage surveys in conjunction with the Kultju Native Title Holders as part of work program approvals prior to follow-up drilling.
“I look forward to building and fostering excellent working relationships with all stakeholders within the company’s project areas for mutual benefit, particularly as we advance toward resource growth and development activities.”
The Newport anomaly is open both to the north and south along strike, with the southern extensional zone representing a priority target, located in the immediate footwall of the 2-kilometre-long-plus Flushing Meadows deposit.
Next steps
Yandal Resources is a gold exploration company with a portfolio of advanced gold projects in the highly prospective Yandal and Norseman-Wiluna greenstone belts.
The company’s strategy is to aggressively explore a number of highly prospective areas within its projects to make multi-million ounces discoveries.
Yandal has several key exploration activities planned during the December and March quarters including:
- Receive and interpret pending aircore, reverse circulation and diamond drill assays from the Malone, Gordons Dam, Star of Gordon, Andrews, Bradman, Challenger, Parmelia, Success and HMS Sulphur prospects;
- Commence diamond drilling at the priority Star of Gordon, Gordons Dam and Bradman prospects;
- Compile a mineral resource estimate and commence open pit optimisation studies for the Gordons Dam prospect;
- Commence detailed planning and execution of heritage surveys over key prospect areas within the Ironstone Well and Barwidgee projects including priority areas within, adjacent to and along strike from the Newport, Flushing Meadows, Oblique, Quarter Moon, Flinders Park and Sims Find prospects.