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Yandal Resources Ltd.
Summary
| Project: | Ironstone Well | |
|---|---|---|
| Deposit: | Flushing Meadows | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2019: Yandal Resources Ltd. announces an Exploration/Drilling Update report for its Flushing Meadows deposit at the Ironstone Well project. Drilling results incl. 20m @ 0.21g/t Au from 100m. Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Saul (Internal) | |
| ABSTRACT: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to report assay results from reconnaissance reverse circulation (“RC”) drilling at the Flushing Meadows prospect located in the highly prospective Yandal Greenstone Belt in Western Australia. The prospect occurs within the regionally extensive Barwidgee Shear Zone, which is located from 44km to 67km south-east of the mining town of Wiluna and within close proximity of a number of gold development projects and operating mines. A combination of individual 1m and 4m composite assays have been received from a program of 24 shallow RC holes for 2,641m drilled on four lines 200m apart to the north and on a single line to the south along strike from known mineralisation (Figures 1 & 2). Significant mineralisation was returned on three lines and demonstrates the Barwidgee Shear Zone is prospective well outside historically drilled areas. All results are included in Table 1 with some intervals highlighted in Figure 2. Yandal Resources’ Managing Director; Mr Lorry Hughes commented: “We believe there is significant potential along the Barwidgee Shear Zone and related structures as our limited work outside the known prospects has returned excellent results. Geological and structural controls on mineralisation are difficult to interpret due to the deep weathering and the lack of effective drilling but we continue to strike gold along the shear interpreted from magnetics. Due to the deep weathering causing depletion and supergene enrichment effects on gold mineralisation we believe that to complete an effective test of a prospective zone drill holes need to be at least 50m deep. A review of the database suggests there is about 10km of strike between deposits and prospects that are a high priority target for low cost Air-core drilling in the near term”. | |
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