Yandal Resources Ltd (ASX:YRL) has confirmed the efficacy of a regional exploration method employing soil surveys, confirming the presence of a consistent bedrock geochemical response in both areas tested.
With confirmation this low-cost method is effective, the company is now going to roll out a systemic soil survey of the project area, seeking to identify new gold targets, evaluate existing targets and test for other commodities like lithium.
Yandal also intends to delve deeper with a reverse circulation (RC) drilling program to test the large-scale Oblique and Quarter Moon prospects, about 50 kilometres south of the Jundee gold mine, in early March.
Highly effective exploration technique
“Though the survey was intended to highlight areas of lithium prospectivity in the first instance, it is clear from the results that sampling should also be effective in highlighting areas of interest for other commodities, including gold,” Yandal Resources managing director Tim Kennedy said.
“This is an excellent outcome as it should provide a rapid and cost-effective screen for areas of interest and help refine targets for more follow-up drilling.
“Despite heavy rainfall in late January, the team is scheduled to commence drilling activities across the Oblique and Quarter Moon Prospect.
“To support our aggressive exploration program moving forward, we are pleased to welcome respected senior geologist Dr Anthony Morey to the technical team and also Adam Baynes as senior field technician, who recently held a similar role with Musgrave Minerals.”
Yandal will also conduct an infill aerial magnetic survey over the Oblique prospect to refine potential geological structures that may guide and control higher-grade mineralisation at the end of February.
The company intends to follow that up with another round of drilling, this time diamond drilling to test for mineralisation at depth and provide structural and lithological information across the Oblique, Quarter Moon and New England prospects in April.
Given Yandal currently holds about $7.5 million in the war chest, the company is well-equipped to pursue its exploration goals throughout 2024.