Yandal Resources high-grade hits confirm potential Gordons Dam gold discovery
The mineralisation seen in the RC drilling has similarities to the nearby world-class Kanowna Belle gold deposit; shares increase.
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 mineralisation seen in the RC drilling has similarities to the nearby world-class Kanowna Belle gold deposit; shares increase.
The company’s cash position as at March 31 was $4.4 million which ensures adequate funding to carry out aggressive exploration programs in 2020.
The best intersection received to date is 5 metres at 5.84 g/t gold, including 1 metre at 21.06 g/t from 33 metres with a 10,000-metre drilling program set to begin as part of open pit mining feasibility study work.
The company has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
Follow-up drilling to test new target areas are at the advanced planning stage and will be included in ongoing resource expansion and discovery programs for the 2020 field season.
Soil sampling has discovered a new high-priority gold target known as Bullseye at the Barty Prospect.
The company is well-located in WA greenstone belts that host a number of multi-million-ounce deposits.
A 20,000-metre resource expansion and discovery drill program will resume in the first quarter of 2020 at Ironstone Well and Barwidgee gold projects.
The company has completed over 5,000 metres of the current 20,000 metres drilling program to test several priority Yandal Belt prospects.
The gold explorer has returned double-digit grades in recent times and has more drilling results to come.
Mineralisation is open and demonstrates the potential to define a deposit at depth beneath high-grade palaeochannel sediments up to 48 g/t gold.
Follow-up test work using representative diamond core samples is planned after completion of the current RC drilling program in Q1 2020.
Priorities are to define further shallow mineralisation adjacent to the Flushing Meadows resource and to assess the potential for extensions at depth.
Drilling on the 20-kilometre Barwidgee Shear Zone trend that includes Flushing Meadows is only a small part of the exploration potential on Yandal’s under-explored Yandal Greenstone Belt projects.
The company has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna greenstone belts of WA.
Earlier this week, Yandal confirmed further encouraging gold intersections from drilling at the Ironstone Well project in WA.
The new targets confirm the highly prospective mineral potential of the Gordons Dam prospect.
The Flushing Meadows prospect is within the regionally extensive Barwidgee shear zone and is 60 kilometres southwest of Wiluna, near several gold development projects and operating mines.
The company is well-funded to accelerate exploration and development activities at its projects as its rights issue and shortfall placement to raise $2.94 million closed oversubscribed.
The company has a portfolio of advanced gold exploration projects in the prospective Yandal and Norseman-Wiluna greenstone belts of WA.