After receiving assays from a reverse circulation drilling program, Yandal Resources (ASX:YRL) says the results confirm the continuity of broad gold mineralisation at its Oblique prospect in Western Australia.
Oblique, along with the Quarter Moon and New England Granite prospects, sits within the Ironstone Well-Barwidgee Gold Project, located 38km southeast of Wiluna.
At Oblique’s OBL01 structure, reverse circulation drilling returned 28m @ 1.1 grams per tonne gold (g/t) from 50m, including 4m @ 3.3g/t gold and 4m @ 2.1g/t gold.
Drilling has also extended oxide mineralisation 150m to the north at Oblique, with results up to 7m @ 0.9g/t gold from 47m and 3m @ 1.4g/t gold from 73m.
Technical Director Chris Oorschot says the latest results build on previous assays from late April, showing similar geological characteristics to the OBL01 structure 500m to the south.
“While we were receiving these results, diamond drilling has been progressing well, with the team focused on collecting detailed information concerning stratigraphy, structure, alteration, and geological timing relationships that will provide invaluable context to assay results and allow an effective evaluation of the Oblique prospect’s broader potential,” he says.
“The Yandal exploration team is well placed to realise larger scale discovery opportunities across the Ironstone Well-Barwidgee Gold Project as we head into the second half of 2024 with the ongoing diamond drilling program, combined with some exceptional conceptual targets derived from the recently acquired ground gravity data and the soon to be received regional soil results.”
Yandal says once the diamond drilling phase at Oblique is completed, the mineralisation model for the prospect will be updated and additional drilling will be planned and carried out.
Diamond drilling is testing the stratigraphy and structures along an 800m strike length, providing insights into the structural, stratigraphy, and alteration styles across Oblique.
The diamond rig is likely to finish at Oblique in the next week. It will move to the Quarter Moon prospect before mobilising to the New England Granite prospect to complete two co-sponsored Exploration Incentive Scheme (EIS) holes in late June through to early July.
Follow-up drilling at Oblique is being assessed and will be finalised and scheduled once all diamond core results have been received.
Yandal Resources will be presenting at the upcoming Vertical Events 2024 Gold Coast Investment Showcase, being held on 19 and 20 June at the JW Marriott Gold Coast Resort & Spa, Queensland.
Mining.com.au is a media partner of this year’s event. To register for free click here.
Write to Aaliyah Rogan at Mining.com.au
Images: Yandal Resources
