Yandal Resources (ASX:YRL) Announces Ongoing Gold Exploration
Exploration Activities
Yandal Resources Ltd (ASX:YRL) has initiated reverse circulation (RC) and diamond drilling at the Arrakis Prospect within the Caladan target area and the Siona gold discovery. Preliminary RC drilling at Arrakis involved three shallow holes adjacent to air-core hole 24IWBAC063, restricted in depth due to Permit of Work limitations. Diamond drilling at Siona comprises a 1,200m programme aimed at testing deeper areas below existing RC holes and extending RC drilling.
Drilling Results
The RC drilling at Arrakis identified regolith gold anomalies within the depleted upper regolith, extending the Caladan regolith anomaly over three kilometres of strike. The mineralised structure appears sub-vertical and remains open at depth and along strike, leading to the commencement of deeper RC drilling below hole 24IWBAC063. Additionally, air-core drilling at Irulan has produced several follow-up targets for further air-core drilling.
Future Plans
Yandal Resources has completed a ground gravity survey across New England Granite, with data currently being processed. The company plans to conduct a heritage survey to clear lines for a large-scale air-core drilling programme along strike. Upcoming activities include first RC drilling results expected in March and diamond drilling results from Siona anticipated from April onwards. Yandal Resources maintains a strong cash position to support its active exploration in the first half of CY 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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