Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Yandal Resources identifies new large-scale targets across Ironstone Well-Barwidgee Gold Project

Published 11/06/2024, 10:54 am
Updated 11/06/2024, 11:30 am
© Reuters.  Yandal Resources identifies new large-scale targets across Ironstone Well-Barwidgee Gold Project
RRL
-

A regional ground gravity survey by Yandal Resources Ltd (ASX:YRL) across its Ironstone Well-Barwidgee (IWB) Gold Project in Western Australia has highlighted new large-scale gold targets.

The company completed a 200-metre by 200-metre ground gravity survey in April 2024 across the northeast portion of the project, which is around 50 kilometres south of the Jundee Gold Mine in the northern Yandal Belt.

This survey covered an area where regional aerial magnetics couldn’t provide adequate resolution to interpret underlying stratigraphy and structural architecture.

Several targets

Yandal received the processed ground gravity images in late May, with preliminary interpretations highlighting several compelling conceptual gold targets and target areas.

The survey highlighted a much more complex structural setting across the northeast portion of the IWB Gold Project compared to previous regional interpretations.

Importantly, the gravity data presents several new and highly encouraging conceptual exploration target areas, some of which show similarities to several world glass gold camps

One key feature observed is an interpreted large-scale north plunging fold structure truncated to the southwest by a northwest striking shear zone.

This structural architecture is comparable to other world-class gold camps, including the Golden Mile deposit and the folded mafic sequence of the Timmins-Porcupine gold district in Canada.

The dataset also highlighted the poorly tested Irulan dolerite within a similar lithostructural setting to the Jundee Gold Mine further north in the Yandal Greenstone Belt.

Potentially two new structures

Yandal Resources technical director Chris Oorschot said: “We completed this ground gravity survey to provide more detail around a regional gravity high and to supplement the aerial magnetic data across the northeast portion of the IWB Project.

“The features coming out of the preliminary interpretation of the ground gravity dataset are highly encouraging, revealing potentially two new regional structures linking the Ockerburry and Barwidgee Shear Zones and a large-scale fold truncated to the south by one of these structures. We quickly began to draw comparisons to some well-known gold deposit analogues.

“This is a real example of the benefits of acquiring high-quality regional datasets, enabling the generation of new targets and advancing geological knowledge within the region. We hope the regional soil sampling results, due in mid-June, will have a similar result.”

Newsflow ahead

The early-stage target areas will be reviewed in the coming months, and a project-wide targets and target ranking review is scheduled for July.

Preliminary work will include a detailed review of historical exploration and field reconnaissance. The regional soil sampling results, due in mid-June, may also provide a first-pass assessment of several of these targets.

Yandal remains well-funded to maintain a high level of exploration throughout 2024. It has outlined priority exploration activities and upcoming news:

  • Results for the recently completed RC drilling at Oblique, which are expected in the coming weeks, followed by the Quarter Moon RC results later this month.
  • Results from the regional soil sampling program are expected in mid-June.
  • Diamond drilling is underway at Oblique, with the rig to move to Quarter Moon by mid-June and then onto the New England Granite Prospect in late June.
  • Initial diamond drilling results are expected in the second half of July.
  • 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.