| Announcement Date: | 2022-09-20 |
|---|---|
| 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 Parmelia Deposit |
| 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 Parmelia deposit within the 100% owned Mt McClure gold project in Yandal Greenstone Belt of Western Australia (Figure 1). The project covers 36km2 of tenure approximately 20km south-west 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 deposits covering a strike length of some 45km. Yandal’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 Parmelia MRE contains a total of 252,000t @ 2.1g/t Au for 17,000oz (> 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. Table 1 below shows the Mineral Resource Estimate by weathering profile at the 1.0g/t Au lower cut-off grade. |
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