Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Yandal Resources: 2,800-metre diamond drill program underway at Ironstone Well-Barwidgee Gold Project

Published 24/05/2024, 09:34 am
© Reuters.  Yandal Resources: 2,800-metre diamond drill program underway at Ironstone Well-Barwidgee Gold Project

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.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.