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Yandal Resources begins drilling for gold at Ironstone Well and Mt McClure projects

The company recently completed an aircore drilling program at Ironstone Well with the results expected soon.

golden key
The projects are in the highly prospective Yandal Greenstone Belt

Yandal Resources Ltd (ASX:YRL) has commenced a 2,200 metre reverse circulation drilling program designed to confirm historical gold mineralisation at the Ironstone Well and Mt McClure gold projects.

The projects are in the highly prospective Yandal Greenstone Belt in Western Australia and are within close proximity to a number of operating gold mines and major development projects.

Location map of the Ironstone Well, Barwidgee and Mt McClure gold projects

Ironstone Well Gold Project

At Ironstone Well, most of the drilling (22 holes for 1,830 metres) will be conducted at the Flushing Meadows prospect to target shallow oxide gold mineralisation identified in historical and recent programs.

The holes are designed to verify the location and quality of historically defined mineralisation to provide new technical information for compilation of an updated geological model.

If the new data compares favourably with historical data and there is sufficient data density, compilation of an initial JORC 2012 resource will be undertaken.

READ: Yandal Resources starts drilling at Ironstone Well and Barwidgee, testing priority gold targets

Earlier this month, Yandal commenced a 3,200 metres reconnaissance aircore drilling program which included testing an area up to 800 metres north along strike from the Flushing Meadows historical resource area.

This program is now complete and 4 metre composite samples have been dispatched to a laboratory in Perth for analyses.

Positive results from the aircore program will be followed-up immediately with resource style reverse circulation drilling programs designed to expand oxide mineralisation envelopes.

Mt McClure Gold Project

The Mt McClure project contains several historical prospects and open pit mines within a short haulage distance on existing haul roads from the 2 million tonnes per annum Bronzewing processing facility.

The facility and neighbouring tenure are owned by Echo Resources Ltd (ASX:EAR) which is completing a revised bankable feasibility study for its Yandal Gold Project this quarter.

An initial two-hole program is planned at the largest of the historical mines, the Success deposit, where substantial gold mineralisation has been reported in drilling located beneath the previously mined open pit.

Success deposit satellite image showing the previously mined pit, waste dumps and a collar plan of historical drilling

If successful, a more comprehensive reverse circulation and diamond drilling program will be undertaken for the compilation of an initial resource estimate.

The total program is expected to take about 2 weeks to complete with initial results likely to be available in March 2019.

Quick facts: Yandal Resources Ltd

Price: 0.615 AUD

Market: ASX
Market Cap: $49.63 m

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