Yandal Resources Ltd: March 2022 Quarterly Activities Report
28.04.2022 | ABN Newswire
Perth, Australia - Yandal Resources Ltd. (ASX:YRL) is pleased to provide a summary of activities for the quarter ending 31 March 2022. The Company is exploring a portfolio of highly prospective 100% owned gold projects located in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia.During the March Quarter, the Company continued to focus exploration activities at priority prospects within the Gordons Gold Project.
Drilling continued up until mid-March and the Company reported results from numerous reconnaissance Air-core ("AC"), reverse circulation ("RC") and diamond drillholes completed in the prior quarter.
HIGHLIGHTS
Malone "Kink Zone" (Gordons Gold Project)
- High-grade mineralisation confirmed by further RC drilling
o 5m @ 7.7g/t Au from 210m within a broader zone of 16m @ 2.8g/t Au from 204m (YRLRC0727)
o 3m @ 8.8g/t Au from 190m (YRLRC0811)
- Mineralisation is open in all directions and follow-up diamond drilling has commenced
Star of Gordon Prospect (Gordons Gold Project)
- Results from three diamond and 42 RC holes returned several encouraging intercepts including;
o 4.41m @ 4.8g/t Au from 226.96 including 0.44m @ 46.4g/t Au (YRLDD0018) located down dip from an earlier RC intercept of 10m @ 8.4g/t Au from 43m (YRLRC630)
o 28m @ 0.5g/t Au from 16m including 4m @ 1.8g/t Au (YRLRC0763 - 4m composite)
Bradman Prospect (Gordons Gold Project)
- Further mineralisation intercepted by two diamond holes testing 250m north along strike from significant mineralisation intercepted in RC hole YRLRC06462 (11m @ 2.0g/t Au from 257m)
- Highlights from the new drilling included;
o 16m @ 1.3g/t Au from 170m including 2m @ 8.7g/t Au from 180m (YRLDD0015)
Mt McClure Project
- RC drilling has confirmed gold mineralising systems extend to significant depths (up to 240m down-dip) beneath each historic open pit.
- The potential to compile an initial Mineral Resource Estimate from existing drilling beneath the Success and Challenger pits is being evaluated.
Corporate
- Mr Tim Kennedy commenced as Managing Director & CEO and Mr Greg Evans commenced as Non Executive Chairman of the company on 4th April 2022.
- The company had $5.2m in cash and cash equivalents available at the end of the Quarter
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/0FQW76V8
About Yandal Resources Ltd:
Yandal Resources (ASX:YRL) listed on the ASX in December 2018 and has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia. Yandal Resources' Board has a track record of successful discovery, mine development and production.
Source:
Yandal Resources Ltd.
Contact:
Tim Kennedy Managing Director - CEO Yandal Resources Ltd. E: yandal@yandalresources.com.au Bianca Taveira Company Secretary T: +61-8-9389-9021 E: yandal@yandalresources.com.au