Company
ASX:YRL
Yandal Resources Ltd has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
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The Flushing Meadows prospect is within the regionally extensive Barwidgree shear zone and is 60 kilometres southwest of Wiluna, near several gold development projects and operating mines.
The share purchase is a vote of confidence for the company's gold exploration prospects in Western Australia.
The gold anomalism could be tracking the location of a major gold bearing structure with the potential to host significant deposits at depth undercover.
Results have been received from three prospects, Flushing Meadows, Flinders Park, and Rosewall.
The company recently confirmed promising gold assay results from a 29-hole drill program at the Flushing Meadows prospect within the Ironstone Well Project.
The halt will remain until the start of trading on Monday, June 24, 2019, or when an announcement is released.
Results confirm Flushing Meadows as a substantial oxide gold deposit with a strike length of 1.7 kilometres.
5,570 metres of reverse circulation drilling completed at the Flushing Meadows, Flinders Park and Rosewall prospects.
Yandal is developing the Gordons Gold Project which is north of Northern Star’s Kanowna Belle mine.
Key upcoming activities include an IP survey and subsequent RC drill plans at Gordons Dam prospect and geological mapping and sampling as well as planning a new reconnaissance drill program at Mulgarrie North.
MD Lorry Hughes told this week’s Proactive CEO Sessions that the company is focused on gold in prolific WA Goldfields greenstone belts.
The Sydney session is on Tuesday, April 9 and the Melbourne session on the following day, April 10.
Simon Finnis received the award from Asia’s largest mining investment forum, Mines and Money.
Investments and investor services
Managing director Lorry Hughes will update investors in Sydney and Melbourne next week.
Investments and investor services
Managing director John Sargeant will update investors in Sydney and Melbourne next week.
Mineralisation is open at depth and for 4 kilometres along strike with a 6,000-metre follow-up drill program to begin in mid-April.
Aircore drilling has returned encouraging results from the Ironstone Well and Barwidgee projects near Wiluna.
The aircore program is following up highly encouraging results from RC drilling late last year at Gordons Dam prospect.
The company recently completed an aircore drilling program at Ironstone Well with the results expected soon.
The company has a portfolio of advanced gold exploration projects in WA and is backed by Northern Star Resources Ltd (ASX:NST), which holds a 15% stake.
