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Yandal Resources Ltd.
Summary
| Project: | Ironstone Well | |
|---|---|---|
| Deposit: | Flushing Meadows | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-4-2019: Yandal Resources Ltd. announces an Exploration/Drilling Update report for its Flushing Meadows deposit at the Ironstone Well project. Drilling results incl. 27m @ 2.32g/t Au from 24m. Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Saul (Internal) | |
| ABSTRACT: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to report new results from recent reverse circulation (“RC”) drilling at the Ironstone Well and the Mt McClure gold projects located in the highly prospective Yandal Greenstone Belt in Western Australia (Figure 1). A total program of 24 angled RC holes for 2,208m was completed at the Flushing Meadows and Success prospects to extend and confirm historically reported gold mineralisation1 . In addition six historic RC holes from Flushing Meadows were resampled to provide new QA/QC information as part of Resource Estimation activities. Significant mineralisation was returned from both prospects with the results from Flushing Meadows confirming the potential for an extensive oxide gold deposit. Importantly the mineralisation is interpreted to be open and ineffectively tested for a further 4km north west along strike beyond the limit of the Company’s recent Air-core (“AC”) drilling2 (Figures 2, 3 & 6). A new RC drill program to infill gold mineralisation over an initial 800m strike length will commence in April 2019. Yandal Resources’ Managing Director; Mr Lorry Hughes commented: “The recent drilling at Flushing Meadows continues to demonstrate potential for a large gold deposit. As our knowledge of the mineralisation system has grown we have been surprised at the lack of effective drill testing directly along strike to the north west. We will start testing an 800m long strike zone along the Barwidgee Shear with RC drilling as step out holes based on recent excellent Air-core intercepts. Following that, the 4km long strike zone will be tested with further Air-core drilling on 200m spaced lines to try and locate new gold mineralisation. The only historic holes in the target zone are shallow wide-spaced vertical holes which we consider to be ineffective”. | |
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