Yandal Resources (ASX:YRL) confirms high grade gold at Oblique prospect
Yandal Resources has confirmed high-grade gold mineralisation of up to 11.4g/t from its second phase of RC drilling at its Oblique Prospect, part of the Ironstone Well-Barwidgee Gold Project in Western Australia’s Northern Goldfields.
The RC program, located 6km northwest along strike from the Flushing Meadows Resource and 45km south of Northern Star’s Jundee Mine, recorded a top result of 3m along with an 11m stretch at 1.8 g/t Au over
2,574m.
Yandal’s Tim Kennedy considers OBL01 a significant mineralisation prospect, with multiple mineralised structures crossing magnetic stratigraphy.
He says a magnetite-rich unit in the southeast presents a compelling target for exploration due to demagnetisation zones alongside other parallel structures.
“The results highlight for the first time the importance of the cross-cutting structures as a key control on mineralisation and provide a focus for exploration moving forward,” Mr Kennedy said.
“We’re pleased that results from this program have confirmed our view that Oblique has large-scale mineralisation potential.
“Most importantly, these results highlight for the first time the importance of the cross-cutting structures as a key control on mineralisation and provide a focus for exploration moving forward.”
Ironstone well / Barwidgee project overview showing the outline of YRL tenure, regional interpreted bedrock geology, and the location of prospects discussed in this report. The dashed red line is a circle with a 5km radius, highlighting the proximity between the flushing meadows deposit and the oblique and quarter moon prospects.
Yandal Resources raised $4 million in November 2023 and is well funded for the next phase of drilling, which will start in Q1/Q2 2024.
About Yandal Resources
Yandal Resources Limited explores and develops gold properties. It holds 100% interest in the Ironstone Well, Barwidgee gold, Mt McClure gold, and Gordons gold projects in Western Australia.
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