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Yandal Resources Ltd.
Summary
| Project: | Ironstone Well | |
|---|---|---|
| Deposit: | Flushing Meadows | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2019: Yandal Resources Ltd. announces a Resource Estimation report for its Flushing Meadows deposit at the Ironstone Well project. Initial mineral resource for project. Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased t | |
| Resources: | (Resource, I+I): 4.6Mt @ 1.29g/t Au at Flushing Meadows | |
| CP/QP: | [Resources]: Andrew Bewsher (BM Geological Services) | |
| ABSTRACT: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to announce an initial Mineral Resource Estimate (“MRE”) for the Flushing Meadows gold deposit, part of its 100% owned Ironstone Well gold project near Wiluna in the Yandal Greenstone Belt of Western Australia. The prospect occurs within the regionally extensive Barwidgee Shear Zone and is located 60km southwest of the mining town of Wiluna in close proximity to a number of gold development projects and operating mines (Figure 2). The MRE contains a total 4.6Mt @ 1.29g/t Au for 190,000oz (> 0.5g/t Au lower cut-off grade) and utilised 3,494 sample intervals from 298 historic and recent reverse circulation (“RC”) holes and four historic diamond holes. Multiple three-dimensional mineralisation wireframes and weathering surfaces were created over 1.8km in strike length to constrain the mineralisation and block grades were estimated using the Ordinary Kriging method (Figure 1). The MRE contains a higher-grade component of 2.8Mt @ 1.63g/t Au for 147,000oz (> 1.0g/t Au lower cutoff grade) with numerous mineralisation envelopes open at depth. The majority of the MRE reports to the Inferred Resource Category and it is likely that with infill drilling to nominal spacing of 20-25m a large portion could be upgraded to the higher confidence Indicated Resource Category. In addition, approximately 0.4Mt of material has been modelled >0.5g/t Au within the mineralisation wireframes that have insufficient data density to be included in a Resource Category. A number of these areas will be targeted for infill and extensional RC drilling in the October program. Table 1 and 2 below show the Mineral Resource Estimate by Mineral Resource Category and rock type. | |
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