Potential For Shallow Open Pit Resource Identified
Yandal Resources Ltd (ASX: YRL) has received the highest assay grades yet from drilling at the Gordons gold project located in the Kalgoorlie-Boulder Region of Western Australia.
The new 1m downhole sample fire assay results from reverse circulation (RC) drilling at Gordons returned up to 73.12 g/t Au,
Fifty-five RC holes for 4,385m were completed at the Gordons Dam prospect to test for extensions immediately adjacent to and along strike from mineralisation hosted within shallow oxidised palaeochannel sediments, felsic porphyry and mafic rocks.
Managing Director; Lorry Hughes, said the latest results continue to build a promising picture at Gordons.
“The potential to define an initial shallow Mineral Resource and subsequent open pit development is becoming clearer as infilling wide-spaced reconnaissance holes with high quality RC holes is proving successful,” Mr Hughes said.
“Very high grades can be a common feature of palaeochannel hosted deposits in the region and they are quite often located close to a primary source or structure.
“High grades have been intersected beneath parts of the palaeochannel previously and the exploration plan is to continue to explore for deeper extensions utilising geological and structural observations from the pending diamond core drilling.
“In the meantime shallow Air-core drilling will continue to explore for new palaeochannel and bedrock hosted gold trends in order to provide new targets for RC testing.”
Due to the success of the previous programs further RC drilling programs on a close-spaced grid are planned to be conducted subsequent to the completion of the MRE and an initial economic evaluation.
A 10,000m AC drilling programme to test for extensions to the Gordons Dam prospect and a number of regional targets commenced in mid-September and is expected to be complete at the end of October.
In addition a two hole diamond drilling program for ~500m has been designed for the Gordons Dam prospect to examine the geological and structural controls on known primary mineralisation. Subject to rig availability this programme is expected to be completed in the December Quarter.
