Yandal Resources Ltd (ASX:YRL) has set drills turning at the Mt McClure Project in Western Australia, kicking off a 5,000-metre reverse circulation (RC) resource expansion program designed to grow the mineral resource.
The company will focus on expanding the Success, Challenger, and Parmelia deposits, which currently hold a combined mineral resource estimate (MRE) of 2.225 million tonnes at 1.9 g/t gold for 136,000 ounce.
Yandal expects the program – the first part of a multi-phase resource expansion campaign at Mt McClure – to take about three weeks, with results anticipated to arrive in the March quarter of next year.
More drilling to come
“Our recent capital raising was primarily undertaken to provide funds for us to test the resource potential at Mt McClure, which was highlighted through the completion of the initial MRE,” Yandal Resources managing director Tim Kennedy said.
“We’re pleased to be commencing this initial drilling program, to be built upon by additional programs in the new year which together will help unlock the value of this highly mineralised tenure.”
In addition to the three prospects, the company will also test a number of advanced targets along a 10-kilometre-long trend within the project tenements.
Location of Mt McClure Project, key prospects and recently completed RC drilling in relation to project tenure and regional geology.
This quarter, Yandal also intends to:
- Complete a review of historical and recent drilling data at Mt McClure to establish controls on higher-grade plunging offshoots.
- Drill test Mt McClure to expand the initial MRE at Challenger, Success and Parmelia.
- Integrate new high-resolution aeromagnetic survey data and RC follow-up along the high-grade Sims Find trend and other advanced prospects at Barwidgee.
- Review key prospects at Gordon’s and drill hole planning.
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