| Announcement Date: | 2022-08-22 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Yandal Resources Ltd. |
| Project name: | Mt McClure |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to announce an initial Mineral Resource Estimate (“MRE”) for its Challenger deposit at the 100% owned Mt McClure gold project in Yandal Greenstone Belt of Western Australia (Figure 1). The project covers 36km2 of tenure approximately 20km SW from the historic Bronzewing mine and is close to existing haul roads and Northern Star’s (ASX: NST) Orelia Development. The project is situated within the “Southern Trend” of the historic Mt McClure mining camp which has an overall gold endowment of >1.8moz from a number of open pits covering a strike length of some 45km. The Company’s Mt McClure Project includes three historic mining areas; Challenger, Success and Parmelia which all have substantial mineralisation beneath the base of mining as defined by historic and more recent drilling by Yandal Resources. The initial Challenger MRE contains a total of 718,000t @ 1.9/t Au for 44,000oz (> 1g/t Au lower cutoff grade) The MRE was compiled in accordance with the guidelines defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC, 2012) by Andrew Bewsher of BM Geological Services. |
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