Yandal Resources talks large-scale gold discovery potential | News Direct

Yandal Resources talks large-scale gold discovery potential

Yandal Resources Ltd
News release by Yandal Resources Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | October 26, 2023 05:45 PM Eastern Daylight Time

Yandal Resources Ltd (ASX:YRL) MD Tim Kennedy speaks with Proactive after receiving promising results from a 13-hole reverse circulation drill program testing the Oblique and New England Granite (NEG) prospects at the Ironstone Well-Barwidgee (IWB) Gold Project, which showed grade continuity and large-scale potential. The results have allowed the company to generate a conceptual exploration target of 12.9-38.6 million tonnes grading 1.1-1.4 g/t gold for 0.44-1.78 million ounces for four of IWB’s key prospects - Oblique, Quarter Moon, Flushing Meadows and NEG. Additionally, it has vindicated the ASX-lister’s exploration strategy to pursue prospects such as Oblique and NEG, which have the potential to deliver low-cost and large-scale resource growth.

“These results are promising, particularly given that difficult drilling conditions encountered at Oblique resulted in a number of holes failing to reach targeted depths,” Kennedy said.

“Identifying a consistently mineralised position within the complex stratigraphic setting of Oblique gives us a strong incentive to progress exploration across the prospect.

“In addition, the results from the New England Granite drilling provide a focus for targeting during future programs.

“The release of the exploration target provides clarity regarding the discovery potential across four of our key prospects and why they are a priority for exploration.

“We look forward to commencing the next phase of drill testing in the next few weeks.”



Contact Details


Proactive Investors


Jonathan Jackson


+61 413 713 744



project media


Yandal Resources LtdminingAsxproactiveAustraliaproactiveInvestors