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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A total of 22 holes for 2,531 metres were completed in March and drilled at four different directions (azimuths) to test several geological interpretations prior to design of expansion diamond and RC drilling at depth.
The company is looking ahead to a busy quarter with drilling ongoing and assay results expected from drilling at the Sims Find, Gordons Dam, Malone and Star of Gordons gold prospects.
Results from a further 19 aircore holes for 1,476 metres from Malone prospect and 84 RC holes for 8,372 metres from the Gordons Dam, Gordons Dam SE, Malone, Bradman, Andrews and Star of Gordon prospects are pending.
The company recently intersected shallow high-grade gold of up to 12.24 g/t at the Mt McClure Gold Project in Western Australia.
The company is now preparing for high-impact reverse circulation drilling, including holes to 350 metres in depth.
High-impact drilling has started to test multiple large-scale exploration targets as part of the company’s planned 100,000-metre program for 2021.
The company is at an advanced stage of reviewing the available geophysical, geochemical and geology datasets in light of the new results and is generating exploration drilling plans to implement in the March and June quarters 2021.
Follow-up RC and AC drilling programs to expand known mineralisation at Gordons Dam and other priority prospects within the project began in mid-January.
The company has several highly prospective projects that have the potential to host multi-million-ounce gold discoveries and new director Tim Kennedy intends to assist uncovering that value.
Three ASX-listed companies presented during the online webinar which can be viewed at any time on YouTube.
Three speakers will present for a period of 12 minutes each followed by a 5 minute Q&A session.
The company plans to undertake a 20,000-metre follow up RC and AC drilling program by the end of the quarter.
57 reverse circulation holes for 3,877 metres have been drilled at Sims Find, Copan, Barty Bullseye, Rosewall, Woolshed Well, Flinders Park, Quarter Moon and Oblique prospects this quarter with encouraging initial results received.
AC drilling results have doubled the strike length to 1.5 kilometres at Gordons Dam with multiple new priority RC drill targets defined.
The company has an exciting portfolio of highly prospective gold projects in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia.
Up to 97.53% gold was recovered from conventional gravity and cyanide leach processing of primary RC drill samples.
A large proportion of the exploration budget for the next two years will be directed within a 10-kilometre radius of Flushing Meadows, including the Oblique and Quarter Moon prospects where significant historic mineralisation occurs.
Encouraging drilling results continue from Gordons Dam and the company intends to continue aggressive exploration aimed at defining the economic potential of the discovery.
The new mineral resource estimate for the Flushing Meadows deposit is 7.4 million tonnes at 1.13 g/t gold for 268,000 ounces reported above 0.5 g/t gold lower cut-off grade.
Yandal has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
