Yandal Resources focused on accelerating exploration drilling at Gordons Dam and Malone prospects

Yandal Resources Ltd’s current focus is to accelerate exploration drilling at Gordons Dam and Malone prospects of the Gordons Project north of Kalgoorlie in Western Australia, with four drill rigs in operation.  Aggressive drilling is in progress to increase the opportunity to make large discoveries rapidly to maximise value for shareholders.  The new Malone prospect is 500 metres west of Gordons Dam, with anomalous gold in aircore (AC) drilling recently confirmed with reverse circulation (RC) drilling and the first diamond holes are now in progress. Results are pending from 160 AC, more than 55 RC and two diamond holes. Key investment takeaways YRL has high-quality projects in under-explored parts of proven Western Australia Greenstone Belts, with a new gold discovery 30 kilometres north of Kalgoorlie – Gordons Dam. It has ground with the potential to host very large tier-1 gold deposits. Its ground is ‘brownfields’ and under-explored and has the potential to have very low discovery costs per ounce. Gordons Gold Project AC drilling continues to provide new RC targets which are likely to result in expansion. The Malone contact target is 4.5 kilometres long and it is Yandal’s number one exploration priority. Assay results are pending from the extensive AC, RC and diamond drill holes. At Gordons Dam prospect,  RC and diamond drill intercepts from oxide and bedrock related to quartz veins and multi-phase porphyry intrusions within basalt. The highest bedrock grades up to 20.68 g/t gold to date, with complex geology, diamond drilling to be completed in August after Malone. Mineralisation is open in all directions, with reverse drilling (RC) intercepts including: Gordons Dam 2 metres at 10.83 g/t gold including 1-metre at 20.68 g/t from 118 metres; 2 metres at 11.10 g/t including 1-metre at 20.41 g/t from 73 metres; 8 metres at 11.03 g/t including 1-metre at 73.12 g/t from 36 metres; 8 metres at 7.47 g/t including 3 metres at 18.31 g/t from 34 metres; 4 metres at 9.48 g/t from 100 metres; 8 metres at 7.33 g/t including 1-metre at 47.69 g/t from 35 metres; and 51 metres at 1.41 g/t including 1-metre at 52.81 g/t from 35 metres. Malone 3 metres at 8.16 g/t including 1-metre at 22.05 g/t from 130 metres; and 5 metres at 3.59 g/t including 1-metre at 12.30 g/t from 48 metres Yandal gold projects It has 55 kilometres strike of contiguous mining tenements over the highly prospective Yandal Greenstone Belt covering 472 square kilometres. It contains multiple brownfields deposits and prospects 40-70 kilometres from the Jundee, Bronzewing and Wiluna gold plants. There has not been any exploration for 25 years in the area, with major gold bearing structures and interpreted splays receiving limited or no exploration for 30 years. It plans to aggressively drill the ineffectively tested areas within around 8 kilometres of known mineralisation to make new discoveries and rapidly add ounces. Barwidgee Project Preparation for substantial AC, RC and diamond drilling is underway to follow-up the completed 3,000 metres reconnaissance RC and downhole televiewer program. The assay results from the final seven RC holes are pending. High-grade gold mineralisation occurs within sulphides and quartz veins in multiple stacked west dipping lodes in a coarse-grained dolerite host unit. Its strategy is to drill for extensions along a 3 kilometres strike zone. Ironstone Well Project Barwidgee Shear Zone is a major regional structure where the majority of historic exploration dollars have been focused. The strategy is to intensify exploration drilling to test prospective geology in areas where there has been limited effective exploration. A total strike length of 24 kilometres of mafic and felsic rocks on and adjacent to the Barwidgee shear has received very little effective drilling outside the historic deposit areas. Historic exploration had been hampered by deep weathering, which rendered most shallow drilling ineffective. The company has been able to intensify exploration and make large discoveries. At Flushing Meadows, for example, it is more than 2 kilometres long and open at depth. The Oblique and Quarter Moon prospects are both 1-kilometre-long and open with virtually no effective drilling within 4 kilometres. Drill site preparation is underway with high-impact drilling to follow. The initial broad spaced lines for AC to bedrock has commenced with deep RC and diamond drilling to 350 metres to follow. Assay results from 44 AC holes completed across 2 kilometres of strike north of Flushing Meadows are pending. Mt McClure Project It is a more than 12 kilometre-long gold system about 20 kilometres from the Bronzewing mill. It has had 100,000 ounces historically mined from three shallow oxide open pits to a maximum depth of 85 metres. Significant mineralisation occurs beneath and along strike from all pits with two high priority targets defined with recent drilling at the HMS (NASDAQ:HMSY) Sulphur and Parmelia prospects. The HMS Sulphur Prospect has 3 kilometres anomalous zone of 250 metres into the footwall of the Success Pit. For the Parmelia Prospect, it is directly beneath pit with no drilling along the entire strike length. The 5,000 metres high-impact RC drilling program has commenced.