Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Yandal Resources targets initial gold resource for Mt McClure’s HMS Sulphur with RC drilling

Published 31/05/2023, 10:42 am
Updated 31/05/2023, 11:00 am
© Reuters.  Yandal Resources targets initial gold resource for Mt McClure’s HMS Sulphur with RC drilling

Yandal Resources Ltd (ASX:YRL) has kicked off a 29-hole reverse circulation (RC) drilling program at the HMS Sulphur prospect of the Mt McClure Project in Western Australia, with the goal of producing sufficient drilling data for an initial mineral resource estimate (MRE) at the prospect.

The company hopes to add to Mt McClure’s existing MRE of 136,000 ounces of gold with 2,500 metres of drilling at HMS Sulphur, which sits directly north of the Success prospect’s open pit resource.

“HMS Sulphur is a standout target showing consistent shallow mineralisation over a 700-metre-plus strike length located immediately adjacent to our Success resource,” Yandal Resources managing director Tim Kennedy said.

Targeting Orelia-style high-grade shoots

“As with all of the resources at Mt McClure it has the added advantage of being located on granted mining leases and close to existing haulage infrastructure.

“This drilling, which is designed to provide sufficient drill density to complete an initial mineral resource estimate, will also add to our geological knowledge and will potentially highlight the presence of higher-grade plunging shoots similar to those at the nearby 1-million-ounce-plus Orelia deposit being developed by Northern Star.”

Location map of Mt McClure showing key prospects and occurrences in relation to project tenure and regional geology. The Orelia deposit sits directly along strike from Mt McClure’s tenements.

In 2018 the then owner of the Orelia deposit – Echo Resources Ltd (ASX:EAR), now owned by Northern Star – upgraded the resource to a total of 1.07 million ounces of gold, from 15.9 million tonnes at 2.1 g/t gold.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The deposit is being developed as part of the Bronzewing Operations, which also includes the Bronzewing open pit.

Next steps

Yandal says it’s got a busy 2023 planned, with a priority on exploration activities. The list includes:

  • RC drilling at HMS Sulphur at Mt McClure to enable an initial MRE for that prospect (in progress).
  • 3D modelling of historical and recent drilling data at Mt McClure to establish controls on potential higher-grade plunging shoots for follow-up drill testing.
  • Interpretation of aircore drill results over structural and geochemical targets at Mt McClure and Ironstone Well/Barwidgee.
  • Access approval for drill testing targets at Ironstone Well/Barwidgee, including Quarter Moon, Oblique and the New England prospects.
  • Follow-up of targets highlighted in the recent independent geological targeting studies at Gordons (completed by Ben McCormack of Outlier Geoscience) and Ironstone Well/Barwidgee (completed by Mike Outhwaite of Lithify Pty Ltd).

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.