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Staff Writer

Yandal Resources Ltd (ASX: YRL) has moved quickly to follow-up high-grade drilling success in its exploration activities at the 100%-owned Gordons gold project located 30km north of Kalgoorlie-Boulder in Western Australia.

Malone, Malone North and Gordons Dam Prospects

At the Malone Prospect located 500m west of the Gordons Dam gold deposit, final assay results have been received from 24 reverse circulation (RC) holes completed to follow-up encouraging mineralisation defined with air-core (AC) and limited RC drilling.

The best primary intercept to date was returned from hole YRLRC0727 which is located ~300m west of a pronounced flexure of the felsic-mafic geological contact “Kink Zone”.

The hole, completed to test beneath anomalous AC holes, intersected and three new zones of mineralisation including; 17m @ 0.4g/t Au from 101m including 1m @ 2.1g/t Au from 106m, 15m @ 0.80g/t Au from 145m including 1m @ 6.2g/t Au from 147m; and 16m @ 2.8g/t Au from 204m including 5m @ 7.7g/t Au from 210m.

The high-grade core of the deepest intercept contains individual 1m assays including; 1m @ 10.9g/t Au from 210m and 1m @ 15.4g/t Au from 212m.

Managing Director, Lorry Hughes, said this result is highly encouraging and follow-up RC drilling is underway to firstly confirm the geometry of the high-grades and then to test the mineralisation up to 400m north along the interpreted strike.

Previous drilling to the north of hole YRLRC0727 was not deep enough to penetrate into the primary rock and therefore this area is considered to be untested, providing a high priority exploration target.

The new high-grade gold discovery at Malone is exactly the sort of intercept the team has been searching for in this area over the past year and it is a very positive start for 2022,” Mr Hughes said.

 “Last year there was a strong focus on testing the extensive felsic-mafic Malone Contact both in the ‘Kink Zone’ and further along strike.

“We drilled a number of RC and diamond holes into the Kink Zone and intersected a number of narrow high-grade and broader low grade intercepts from within sulphidic quartz veins, small shears and intrusive porphyry rocks.

“This new intercept in YRLRC0727 potentially represents a strengthening of the Malone system, 300m directly west of the Kink Zone. The extent of the mineralisation is unknown at this stage with large areas nearby considered untested.

“The two follow-up holes in progress will provide further geological control on mineralisation.”

Assay results from 48 AC holes for 3,376m have been returned from the Malone and Malone North Prospects located up to 1.5km north of the Malone Kink Zone.

A number of anomalous intercepts were returned including; 2m @ 0.5g/t Au from 49m (YRLAC0824), 3m @ 0.5g/t Au from 48m (YRLAC0782), 1m @ 0.6g/t Au from 65m and 1m @ 0.1g/t Au at end-of-hole (YRLAC0800), 4m @ 0.6g/t Au from 52m and 4m @ 0.2g/t Au from 64m (YRLAC0824 – 4m composite samples) and 10m @ 0.1g/t Au from 80m at end-of-hole (YRLAC2021 – 4m composite samples).

 At the Gordons Dam Prospect individual 1m fire-assay results have been received from 24 RC holes completed for 2,335m. Several significant intercepts were returned including; 18m @ 1.8g/t Au from 42m including 5m @ 4.9g/t Au from 44m (YRLRC0688), 19m @ 1.1g/t Au from 33m including 1m @ 10.7g/t Au from 38m and 1m @ 5.6g/t Au from 45m (YRLRC0701) and 3m @ 1.7g/t Au from 37m and 1m @ 4.2g/t Au from 37m (YRLRC0708).

The company is currently compiling an initial Mineral Resource Estimate on the Gordons Dam Prospect.

https://www.yandalresources.com.au/

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