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Yandal Resources Ltd.
Summary
| Project: | Ironstone Well | |
|---|---|---|
| Deposit: | Flushing Meadows | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2019: Yandal Resources Ltd. announces an Exploration/Drilling Update report for its Flushing Meadows deposit at the Ironstone Well project. Drilling results incl. 12m @ 5.58g/t Au from 53m. Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “ | |
| Resources: | (Resource, I+I): 4.6Mt @ 1.29g/t Au at Flushing Meadows | |
| CP/QP: | [Overall Report]: Trevor Saul (Internal) | |
| ABSTRACT: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to report further 1m sample assay results from reverse circulation (“RC”) drilling at the Flushing Meadows gold prospect located in the highly prospective Yandal Greenstone Belt in Western Australia. The prospect occurs in the centre of a >50km long part of the regionally extensive Barwidgee Shear Zone, is located 60km south-west of the mining town of Wiluna and is within close proximity of a number of gold development projects and operating mines (Figure 1). Yandal Resources’ Managing Director; Mr Lorry Hughes commented: “RC drilling results continue to provide encouragement to advance Flushing Meadows through feasibility studies and mining approvals. These new high grade results improve the potential to define an economically viable open pit as they are quite shallow. Our current geological interpretation consists of multiple north-east dipping lodes and it is proving to be fairly consistent along the deposit strike length within the oxide and transitional zones tested to date. It is clear though that infill drilling is required particularly in the northern half of the deposit to assess, lode geometry, variability and distribution of higher grade zones and improve confidence in the selection of grade estimation parameters for Resource modelling. At the completion of the current program a significant strike length within primary zones will have been tested. New targets generated may identify plunge components and/or fault offsets of high grade mineralisation”. | |
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