Yandal Resources Ltd (ASX:YRL) New High-Grade Gold Drilling Results – Gordon Project

New High-Grade Gold Drilling Results – Gordon Project

Perth, July 11, 2022 AEST (ABN Newswire) – Yandal Resources Ltd (ASX:YRL) is pleased to announce additional high-grade intersections from air (“AC”), reverse circulation (“RC”) and diamond (“DD”) drill programs completed on several prospects within the Gordons project wholly owned by the company, located approximately 30 km north of Kalgoorlie in Western Australia.

Commenting on the encouraging results, Managing Director of Yandal Resources, Mr. Tim Kennedy, said: “We are very pleased with these final drill assays at Gordons as they clearly demonstrate the high quality and potential scale of our targets within the Gordons Gold Project. The Malone prospect, located 500m west of the Gordons Dam gold deposit, continues to present itself as an exciting opportunity, with the latest drilling confirming previously intersected high-grade mineralization and suggesting a potential extension to the south.

A single RC hole on the Meuleman prospect returned the impressive intersection of 4m @ 5.1g/t Au, and given that the prospect remains open to the north and south and down dip, we consider this a potentially new zone. rich in high-grade gold. mineralization.

Zoehrer’s results are also very encouraging as they outline a new zone of high grade mineralization strategically located between the Star of Gordon prospect and the Gordon Sirdar underground gold mine. Very little effective historic drilling has been completed in this area, and a systematic follow-up drilling program is planned for this quarter.”

Drilling was completed in the first and second quarters of 2022 and included first-pass AC programs testing new zones and follow-up RC and DD testing of previously identified mineralization.

The locations of the drill holes covered by this release are shown in Figure 1 and details of the hole locations are provided in Table 4*. All significant results for the DD, RC and AC assays are provided in Tables 1, 2 and 3* respectively.

Prospect Malone (Figures 1 & 2*)

Results were received for RC and diamond drill programs completed during the June 2022 quarter, including holes testing previously intercepted high-grade mineralization on the Malone prospect, which included:

– 5m @ 7.7g/t Au from 210m including 1m @ 15.4g/t Au from 212m (YRLRC0727); and
– 3m @ 8.8g/t Au from 190m including 1m @ 19.4g/t Au (YRLRC0811)

These two intersections are located approximately 30 m apart in the footwall of the Malone felsicmafic contact adjacent to a prominent flexure, an ideal location to locate gold mineralization. Recent diamond holes were drilled close to these intersections and designed to provide additional lithological and structural information with a particular focus on confirming mineralization controls and geometry.

The diamond drill results confirmed high grade mineralization returning intersections of:

– 3.58m @ 1.5g/t Au from 206.42m including 0.58m @ 8.2g/t Au (YRLDD021)
– 7.00m @ 2.2g/t Au from 271.00m including 1.00m @ 6.9g/t Au (YRLDD021)
– 4.00m @ 2.3g/t Au from 87.00m including 1.00m @ 5.5g/t Au (YRLDD022)

The data indicate an apparent broad westerly dip of mineralization, although structural logging shows that individual high-grade zones are generally associated with steeply dipping, north to north-north trending quartz-carbonate-sulphide veins -west within host mafic lithology.

Immediately after diamond drilling, four RC holes were completed on three lines spaced 100m apart to the northwest and southeast of the high-grade intersections in YRLRC0727 and YRLRC0811, testing lateral extensions of mineralization. Initially, six holes were planned at this location, but the last two holes could not be completed because the platform had to move to another site.

Hole YRLRC0819 drilled on the southern extension line intersected 2m @ 2.1g/t Au potentially representing a southern extension of the mineralization. Of the three holes drilled on the northern extension lines, only YRLRC0822 intersected an anomaly (1m @ 0.7g/t Au) and the current interpretation indicates that they may be located west of the high-grade mineralization trending north-northwest intersected in the first discovery holes. Follow-up drilling is being planned.

Meuleman Prospect (Figures 1 & 3*)

Meuleman Prospect is located approximately 3.5 km south-southeast of Malone. The prospect was identified during systematic air core testing along the Alderman contact which returned an intercept of 8 m at 1.7 g/t Au from 52 m, including 4 m at 2, 6 g/t Au (composite YRLAC0898 4 m – reported May 23, 2022).

A single RC hole was drilled at the end of the recent RC program at Malone to test mineralization in YRLAC0898 and returned a very encouraging intersection:

– 4m @ 5.1g/t Au from 44m including 2m @ 9.7g/t Au (YRLRC0823)

This zone which lies adjacent to a prominent flex in the felsic-mafic contact similar to Malone has mostly been untested by historical drilling, although a nearby shallow RAB drilled on a wide-spaced traverse in 1992 returned up to 0.23 g/t Au (WAMEX accession number 97877). This prospect is also located 740m southeast of an intercept of 16m @ 1.3g/t Au (YRLDD0015) reported in the March 2022 quarter).

The Meuleman Prospect remains open to the north and south and down dip and is potentially a new emerging area of ​​significant high grade mineralization. A follow-up RC drilling is being planned.

Zoehrer, Star of Gordon & Marsh Prospects (Figures 1 & 4*)

Final 1m RC re-split test results from an anomalous initial 4m composite sampling at Zoehrer, Star of Gordon and Marsh reported in May 2022 have been returned. A complete list of significant new results is provided in Table 2*.

Of particular note are the results from the Zoehrer prospect, located approximately 1.6 km directly north-north-west along the Gordon Sirdar underground gold mine, currently operated by FMR Investments, which extracts approximately 60,000 t per month of an underground operation.

The results confirm that a zone of high grade mineralization includes a number of encouraging intersections as shown below;

– 12m @ 2.3g/t Au from 184m including 1m @ 8.2g/t Au (YRLRC0806)
– 17m @ 0.7g/t Au from 132m including 2m @ 3.5g/t Au (YRLRC0805A)

These results are considered significant as they are strategically located between the Star of Gordon prospect and the Gordon Sirdar mine. There is little historical effective drilling in this area, particularly to the east and follow-up drilling is planned.

September Quarter Exploration Plans:

The main exploration activities planned during the current quarter include;

1. Aircore and RC programs to test priority targets at Ironstone Well and Barwidgee including Cash, Sims Find, New England Granite, Newport, Flushing Meadows, Flinders Park, Quarter Moon and Oblique. Commence drilling pending receipt of heritage approvals.

2. RC drill programs at Mount McClure are testing target areas adjacent to historic open pit mines and beginning air drill testing of structural targets identified from aeromagnetic data

3. Review historical and recent drill data at the Mt McClure project to establish checks on potential higher grade plunge rods and the possibility of establishing an initial mineral resource estimate at Success and Challenger.

4. Finalize follow-up drilling at the Gordons project, including testing of newly identified high-grade mineralization on the Meuleman and Zoehrer prospects

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/Y2U0Z042

About Yandal Resources Ltd

Yandal ResourcesYandal 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 in Western Australia. Yandal Resources’ board of directors has a proven track record in discovery, mine development and production.

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