For thousands of other reports visit RSC's Mineral Intellingence Map
Yandal Resources Ltd.
Summary
| Project: | Gordons | |
|---|---|---|
| Deposit: | Gordons Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-1-2019: Yandal Resources Ltd. announces an Exploration/Drilling Update report for its Gordons Dam deposit at the Gordons project. Drilling results incl. 8m @ 7.33g/t Au from 35m. Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Saul (Internal) | |
| ABSTRACT: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to provide an update on recent exploration activity at the Gordons Gold Project located in the highly prospective Kalgoorlie-Boulder Region of Western Australia (Figure 1). A total of 888m of reverse circulation (“RC”) drilling was completed at the Gordons Dam prospect in December 2018 with final 1m assay results received in early January 2019 (Table 1). The aim of the program was to locate the source of previously identified oxide gold in shallow saprolitic clays and thin palaeochannel sediments. The drilling was part of the WA Government’s co-funded exploration incentive scheme, approved for a reimbursement of up to $30,000 of direct drilling costs. Significant gold mineralisation has been intercepted within the oxidised palaeochannel material and also in transitional and fresh rocks, including primary hematite altered felsic porphyry and sheared mafic volcanics. The primary mineralisation is believed to be structurally controlled with a steep east dip and a north-westerly strike orientation. The highest grade gold mineralisation intercepted occurs within supergene palaeochannel sediments above contacts between felsic porphyry and sheared mafic rock units with minor sulphides. Yandal Resources’ Managing Director; Mr Lorry Hughes commented: “The new results are highly encouraging as we have improved our understanding of the mineralisation system substantially. Bedrock intercepts in both porphyry and sheared basalt directly below high grade oxide gold suggests we could be onto a system of significant size. The new high grade oxide intercepts have shown the mineralised footprint within palaeochannel sands and clays to be significantly larger than the original zone 300m long by 50m wide. Further assessment of the surrounding historic exploration results and geo-data sets is underway to determine the significance of the new results. Being so close to the large porphyry hosted Kanowna Belle mine certainly gives us confidence to pursue additional drilling at depth”. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report