Yandal Resources scores high-grade gold results that confirm Malone discovery potential

Yandal Resources Ltd has received encouraging high-grade assay results from drilling at Malone prospect within the Gordons Project, north of Kalgoorlie, Western Australia. Results of up to 3 metres at 8.16 g/t gold from 130 metres, including 1-metre at 22.05 g/t have confirmed the discovery potential at Malone. Other high-grade results from the company’s first pass reconnaissance reverse circulation (RC) program included: 5 metres at 3.59 g/t from 47 metres including, 1-metre at 12.30g/t; and 18 metres at 0.90 g/t from 94 metres, including 2 metres at 4.67g/t. In addition, reconnaissance aircore drilling continues to expand the area of anomalous gold at Malone and provides additional priority RC targets with intersections including: 34 metres at 384ppb gold from 40 metres to end-of-hole, including 4 metres at 3,426ppb; 6 metres at 243ppb gold from 84 metres to end-of-hole, including 2 metres at 1,009ppb; and 8 metres at 420ppb gold from 36 metres, including 4 metres at 686ppb. Yandal has ramped up exploration at the project with the start of diamond drilling and increasing the number of rigs in operation at Malone and Gordons Dam prospects to four. “Highest RC grades to date” Yandal Resources managing director Lorry Hughes said: “These are the highest RC grades to date from the Malone prospect. “The results, particularly from within the primary zone, give us strong encouragement that further drilling at depth and along strike could significantly extend the mineralisation. “The gold discovered at Malone is interpreted to relate to a well-defined west-dipping geological contact between felsic and mafic volcanic rock units which can be traced for 4.5 kilometres in strike length within Yandal’s ground. “It is interpreted that the high grades encountered thus far could also be influenced by a cross-cutting east-west oriented structure that can be traced extending in the direction of the Gordons Dam prospect located 500m to the east “In addition, the aircore program continues to intersect significant gold at or near the fresh rock boundary which could represent mineralisation zones sub-parallel to the Malone contact therefore providing further high-priority RC and diamond drilling targets. “Assay results are pending from 54 RC and 142 aircore holes which have been completed along the majority of the 4.5-kilometre Malone contact zone and adjacent prospect areas. Forward plan Yandal’s key exploration activities scheduled during the September and December quarters include: Receive and interpret RC and AC assays from drilling completed at the Malone, Cleft, Sheperd, Waterline, Star of Gordon, Sims Find, Cash and Flushing Meadows North prospects; Continue focus on drilling with four rigs at the Gordons Dam and Malone prospects and determine target size potential as soon as possible; Drill high-impact RC program with potential follow-up diamond drilling at the Mt McClure project.