Yandal Resources sets sights on gold resource growth at Flushing Meadows deposit

Yandal Resources Ltd (ASX:YRL) chair Katina Law told the AGM today that the company planned to pursue aggressive resource growth over the next two years at its Flushing Meadows deposit - part of the 100%-owned Ironstone Well Gold Project near Wiluna in the Yandal Greenstone Belt of Western Australia. She said: "The company recently completed a resource upgrade for the project which increased the ounces in resource by 40%. "The deposit is now estimated to contain 7.4 million tonnes at 1.13 g/t gold for 268,000 ounces at a cut-off grade of 0.5 g/t gold. "The mineralisation remains open at depth and there are high-priority exploration targets along strike and in adjacent positions that are being drilled currently." Gordons project potential Law said: “In addition to Flushing Meadows, Yandal continues to advance the Gordons project near Kalgoorlie where numerous high-grade results have been returned from aircore and reverse circulation drilling. “The exciting Gordons Dam prospect is showing potential to grow into an important discovery as primary gold mineralisation has been intersected over 700 metres strike length and is open in all directions. “Some excellent intercepts such as 1-metre at 73.12 g/t gold within 8 metres at 11.03 g/t gold from 36 metres (YRLRC0335) and 1-metre at 15.13 g/t gold within 7 metres at 3.48 g/t gold from 38 metres (YRLRC0337) have been reported. “Drilling of the first diamond holes beneath the discovery zone has begun in order to assess the structural framework of the mineralisation. “These results will drive the development of a geological model and improve targeting within the highly prospective strike and depth extents.” The company’s Yandal Belt projects showing the Flushing Meadows prospect with other nearby prospects and gold deposits in relation to nearby third-party tenure. Mt McClure resource definition pending Law said the company also had high hopes for the definition of resources at the Mt McClure project which had established mining infrastructure on its doorstep. She said: “The next round of RC drill results due at the end of 2020 will guide our exploration planning for larger resource definition RC and diamond programs in 2021.” The company remains well-funded and is poised for significant growth with extensive resource definition and discovery drilling at all its projects planned for 2021.