| Announcement Date: | 2022-03-29 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Yandal Resources Ltd. |
| Project name: | Gordons |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 5m @ 7.7g/t Au from 210m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is very pleased to provide an update on exploration activities at the 100%-owned Gordons gold project located 30km north of KalgoorlieBoulder in Western Australia (Figure 1). At the Malone Prospect located 500m west of the Gordons Dam gold deposit (Initial Mineral Resource Estimate pending), final assay results have been received from two reverse circulation (“RC”) holes completed to follow-up a new high-grade bedrock intercept of 5m @ 7.7g/t Au within a broader interval of 16m @ 2.8g/t Au from 204m (YRLRC0727)1 . Hole YRLRC0811 has successfully confirmed the presence of high-grade gold mineralisation at depth extending at least 30m from the intercept in YRLRC0727 returning The mineralisation is hosted within sheared mafic sediments including quartz veining, fuchsite (green) and sulphides which is interpreted to be very similar to the rocks hosting the high-grades in hole YRLRC0727 (Figure 2). Recent and historic reconnaissance drilling in the immediate area and to the north along strike was not deep enough to penetrate into the primary rock and therefore this area is considered to be open and untested, providing a high-priority exploration target (Figure 3). |
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