June 2022 Quarterly Activities and Cashflow Report
June 2022 Quarterly Activities and Cashflow Report

Perth, July 29, 2022 AEST (ABN Newswire) - Yandal Resources Ltd (ASX:YRL) is pleased to provide a summary of activities for the quarter ending 30 June 2022.

The Company is aggressively exploring its portfolio of highly prospective 100% owned gold projects located in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia (Figure 1*).

Results continue to demonstrate potential for new gold discoveries at multiple prospects in WA - major new drilling program set to commence

HIGHLIGHTS

Gordons Project

Malone Prospect

- Encouraging drill intercepts received from drilling during the quarter including:

o 7.00m @ 2.2g/t Au from 271.00m including 1.00m @ 6.9g/t Au (YRLDD021)
o 4.00m @ 2.3g/t Au from 87.00m including 1.00m @ 5.5g/t Au (YRLDD022)

- Holes were following up previous high-grade intercepts including 5m @ 7.7g/t Au from 210m (YRLRC0727)

Meuleman Prospect

- Initial result of 4m @ 5.1g/t Au from 44m including 2m @ 9.7g/t Au (YRLRC0823)

- Single first pass RC hole adjacent to Alderman Felsic-Mafic contact

- Prospect is mostly untested and remains open north and south and down-dip

Zoehrer Prospect

- 12m @ 2.3g/t Au from 184m including 1m @ 8.4g/t Au (YRLRC806)

- Located 1.6km NW along strike from Gordon-Sirdar mine

Ironstone Well and Barwidgee Projects

- Heritage approval received to commence RC and Aircore drill testing of key targets

- Major drilling program scheduled for an August 2022 start testing a range of early stage to advanced prospects including high-grade Sims Find and Cash.

Mt McClure Project

- Results received from earlier RC programs confirm that mineralised horizons beneath historic open cuts continue at least 240m down-dip.

- RC and AC programs testing strike extensions, footwall and structural targets to commence in August 2022

Corporate

- The Company had $3.73m in cash and cash equivalents available at the end of the Quarter.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/SAVKZLI5


About Yandal Resources Ltd

Yandal ResourcesYandal Resources (ASX:YRL) listed on the ASX in December 2018 and has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia. Yandal Resources' Board has a track record of successful discovery, mine development and production.

 


Contact

Tim Kennedy
Managing Director - CEO
Yandal Resources Limited
E: yandal@yandalresources.com.au

Bianca Taveira
Company Secretary
T: +61-8-9389-9021
E: yandal@yandalresources.com.au



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