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Yandal Resources Ltd. ( (AU:YRL) ) has issued an update.
Yandal Resources has reported encouraging reverse circulation drilling results from the Arrakis prospect, where new assays from two extensional holes have extended primary gold mineralisation about 100 metres to the southeast. The intercepts include broad mineralised zones with consistent higher-grade cores above 2.0 grams per tonne, reinforcing the potential for both open-pit and underground development scenarios at this early-stage discovery.
Geological logging from additional step-out lines suggests a substantial north-south shear zone that may offset the Arrakis structure, and current drilling has been reoriented to target this interpreted continuation. With further RC and diamond drill assays pending and a ground gravity survey about to commence, Yandal is intensifying exploration across Arrakis and the broader Caladan area while also mobilising a diamond rig to test depth potential beneath the 268,000-ounce Flushing Meadows resource, which could be significant for future resource growth.
More about Yandal Resources Ltd.
Yandal Resources Ltd. is an ASX-listed gold exploration company focused on advancing prospects within its Ironstone Well-Barwidgee Gold Project in Western Australia. The company targets both open-pit and underground gold mineralisation, aiming to grow its resource base through systematic reverse circulation and diamond drilling programs across key discoveries such as Arrakis and Flushing Meadows.
Average Trading Volume: 185,740
Technical Sentiment Signal: Hold
Current Market Cap: A$80.12M
For a thorough assessment of YRL stock, go to TipRanks’ Stock Analysis page.