Yandal Resources Ltd (ASX:YRL) has kicked off a 2,800 metre diamond drilling program testing several targets across the Ironstone Well–Barwidgee (IWB) Gold Project in Western Australia.
The program, which is expected to take six weeks to complete, involves five holes for 1,500 metres along 900 metres of strike at the Oblique prospect, three holes for 500 metres across the Quarter Moon prospect and two holes over 800 metres at the New England Granite prospect. Drilling is starting with the Oblique prospect.
Yandal Resources managing director Tim Kennedy said: “This diamond drilling program represents a significant milestone in understanding the broader potential across three very promising exploration targets.
“The deeper holes testing fresh rock mineralisation across Oblique are of particular interest to the team, as they will underpin our efforts to understand the mineralisation potential of the prospect. The diamond drilling at the New England Granite prospect will prime the team with information from which a larger-scale RC program can be designed and executed.”
The diamond drilling program aims to systematically test for fresh rock mineralisation across the Oblique prospect to better understand the potential scale of the mineralised system.
It will also provide detailed information regarding the geometry of high-grade mineralisation at the Quarter Moon prospect, which is critical for evaluating mineralisation potential.
With one diamond rig on site, drilling across the Oblique, Quarter Moon, and New England Granite prospects will continue from late May to early July. Initial diamond drilling results are expected in the second half of July.
Other activities
Yandal has also advised that reverse circulation drilling across the project’s Oblique and Quarter Moon prospects is complete. RC drilling results from Oblique are expected in the coming weeks, followed by the Quarter Moon results.
Yandal also expects to receive results from the regional soil sampling program in mid-June.
The recently acquired ground gravity data across the northeast portion of the Ironstone Well-Barwidgee Project has been processed, and a review of conceptual exploration targets within the survey area is underway.
Yandal is well-funded with around $7 million in cash and is well positioned to maintain a high level of exploration throughout 2024 with a focus on making significant gold discoveries on its portfolio of highly prospective gold projects in the Yandal and Norseman-Wiluna Greenstone Belts.