Yandal Resources surges as high-grade hits confirm potential Gordons Dam gold discovery

Yandal Resources Ltd’s (ASX:YRL) high-grade gold results of up to 1-metre at 17.01 g/t have confirmed the potential for a gold discovery at the Gordons Gold Project in the highly prospective Kalgoorlie-Boulder region of WA. Highly encouraging results from oxide and primary gold mineralisation have been returned from the reverse circulation (RC) drilling at Gordons Dam prospect. The 1-metre intersection was within 11 metres at 1.89 g/t from 97 metres with another strong result being 4 metres at 9.48 g/t from 100 metres. Shares have surged 26% in early trade to a new 12-month high of 34 cents, which equals the company’s all-time high, continuing an upward trend from 8 cents on March 8. “On verge of major discovery” Yandal Resources’ managing director Lorry Hughes said: “I believe we could be on the verge of a major discovery at Gordons Dam, each drill program has managed to improve the overall prospectivity and the potential scale of the find is emerging. “It is early days, however, to intersect high grades and mineral alteration assemblages similar to that found at large deposits in the region is a positive sign.” The RC program comprised 20 holes for 1,425 metres with holes completed to depths of between 60-150 metres. High-grade shallow intercepts A number of high-grade shallow oxide intercepts were returned from the drilling over a 100-metre strike length and the grade distribution was typically variable. Primary mineralisation is hosted within and related to granitic porphyry rocks with distinct mineral alteration assemblages, including pyrite-sericite-silica-carbonate which is a feature of the world-class Kanowna Belle gold deposit 20 kilometres to the south. Paleochannel results New oxide downhole RC intercepts from the Gordons Dam palaeochannel include 1-metre at 15.11 g/t within 7 metres at 2.65 g/t from 32 metres, and 3 metres at 7.59 g/t within 12 metres at 2.59 g/t from 30 metres. Hughes said: “We have only completed half a dozen or so holes below 100 metres vertical depth and this has been limited to the area immediately east of the discovery palaeochannel. "Now that bedrock gold has been intersected over a 700-metre strike length and it is open to the south, the target area has substantially increased.” New drilling The company expects to begin expansion RC and aircore drilling in early June. MORE TO COME