Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Gold & silver

Yandal Resources forges ahead with diamond drilling to test high-grade gold at Gordons Project's Malone prospect

"We look forward to completing this initial diamond program and then testing the extents of mineralisation with a more comprehensive RC program," says MD.

Yandal Resources Ltd (ASX:YRL) has the diamond drill spinning at Gordons Gold Project with the aim of testing the orientation of high-grade mineralisation returned in two reverse circulation drill holes at the Malone prospect, the results of which were reported in March.

Exploration activities proceed apace at the project, which is 30 kilometres north of Kalgoorlie-Boulder in Western Australia.

Mineralisation reported from the RC drilling at Malone included:

  • 5 metres at 7.7 g/t gold from 210 metres including 1-metre at 15.4 g/t from 212 metres; and
  • 3 metres at 8.8 g/t from 190 metres including 1-metre at 19.4 g/t.

Refining geological model

The two holes are around 30 metres apart and diamond drilling will provide further lithological and structural information, with a focus on confirming mineralisation controls and geometry.

This will allow the company to update its geological model and refine targets ahead of a more extensive follow-up RC program, scheduled for May.

Yandal Resources managing director Tim Kennedy said: “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. 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."

Encouraging mineralisation

“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," Kennedy said.

“The Malone prospect is a high priority exploration target within the Gordons Gold Project due to its grade potential and the fact it is open in most directions. We look forward to completing this initial diamond program and then testing the extents of mineralisation with a more comprehensive RC program”.

Next steps

Key exploration activities planned for the June quarter include:

  • Completing diamond core drilling and sampling at the Malone prospect;
  • Receipt and interpretation of aircore, RC and diamond drilling results from the Star of Gordon, Marsh, Hussey, Challenger, Parmelia, Success and HMS Sulphur prospects;
  • Finalising an initial open pit mineral resource estimate for the Gordons Dam prospect; and
  • Starting heritage surveys over key prospect areas within the Ironstone Well and Barwidgee projects and kicking off aircore and RC drill testing of priority targets.
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK