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Yandal Resources Ltd. ( (AU:YRL) ) has provided an announcement.
Yandal Resources has intensified exploration at its Ironstone Well-Barwidgee Gold Project, with two reverse circulation rigs and a diamond rig now operating on site. The company is prioritising extensional drilling at the Arrakis gold discovery to the southeast, where a more than 1.2km mineralised structure remains open and untested, with first assay results expected from late April.
Heritage clearance has been secured ahead of schedule for the Flushing Meadows diamond drilling program, enabling preparation for drilling eight diamond holes beneath the existing 268koz shallow resource. Early-stage diamond drilling at the Nayla target has been completed under a state co-funding scheme, while RC drilling at the Salusa prospect will resume once wet ground conditions improve, supported by a new central exploration camp that enhances onsite logistics and productivity.
More about Yandal Resources Ltd.
Yandal Resources Ltd is an Australian gold exploration company listed on the ASX under the ticker YRL. The company is focused on advancing its Ironstone Well-Barwidgee (IWB) Gold Project in Western Australia, targeting extensions of existing gold discoveries and systematic drilling of key prospects to grow its resource base.
Average Trading Volume: 201,178
Technical Sentiment Signal: Buy
Current Market Cap: A$89.65M
See more insights into YRL stock on TipRanks’ Stock Analysis page.