💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Yandal Resources completes drill program at Ironstone Well-Barwidgee

Published 20/09/2023, 09:33 am
© Reuters.  Yandal Resources completes drill program at Ironstone Well-Barwidgee

Yandal Resources Ltd (ASX:YRL) has completed a reverse circulation (RC) drill program at its Ironstone Well-Barwidgee Project in the northern Yandal Belt of Western Australia, aimed at testing high-priority gold targets highlighted during a project-wide review.

Drilling tested two prospects with significant gold intercepts in the past, Oblique and New England Granite, which have target footprints in excess of 1.9 kilometres and 4 kilometres, respectively.

Ironstone Well-Barwidgee Project location plan showing key prospects and proximity to processing facilities.

Four holes were drilled as planned at the New England Granite prospect, with all samples sent to the laboratory for analysis.

At the Oblique prospect, 30 kilometres north, nine out of the planned 16 holes were completed while drilling of holes more than 200 metres below surface was impacted by swelling clays and natural cavities.

This affected sample quality and, in some cases, prevented access to the planned depth.

Yandal plans to mobilise a diamond core rig, which is more suited to the ground conditions, to complete the program.

In the meantime, samples from the completed holes have been dispatched to the laboratory.

The gold explorer expects assay results to be available next month.

Pleased with progress

“We’re pleased to have completed drilling at New England Granite and eagerly await the laboratory analysis results,” Yandal Resources managing director Tim Kennedy said.

“Drilling conditions at Oblique provided us with some challenges, so we decided to defer the remainder of the program to ensure we could complete holes to their intended depth and, at the same time, obtain high-quality samples for potential future use in a mineral resource estimate.

“This will most likely require the use of a diamond core rig. We look forward to providing further updates as results are received and plans are finalised to complete the remainder of the program.”

Activities ahead

Yandal expects to complete the rest of its exploration activities by the end of the year, including the unfinished drilling at Oblique.

It also plans to complete an initial mineral resource estimate for the HMS Sulphur Prospect at the Mount McClure project before closing out the year.

As well, the company intends to follow up on priority targets that were highlighted in recent independent geological targeting studies at the Gordons and Ironstone Well-Barwidgee projects.

Finally, a detailed drill program targeting the Gordon Sirdar shear zone is being drawn up and the interpreted extensions will be drill-tested once E27/701 is granted.

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.