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An update from Yandal Resources Ltd. ( (AU:YRL) ) is now available.
Yandal Resources has reported encouraging shallow, high-grade gold results from a 3,300m air-core drilling program over the southern half of the New England Granite at its Ironstone Well-Barwidgee project, highlighted by intercepts including 6m at 6.3 g/t gold (with 2m at 18.2 g/t) and 2m at 6.0 g/t at the Salusa prospect. The intercepts align with key structural and intrusive contacts within the New England Granite intrusive complex and several holes ended in mineralisation, reinforcing the discovery potential of this largely underexplored 4km by 2km system; Yandal plans follow-up RC drilling on the high-grade targets in April and an expanded air-core campaign along the western margin once heritage clearances are obtained, positioning the company for potential new gold discoveries that could enhance its resource base and exploration profile.
The most recent analyst rating on (AU:YRL) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Yandal Resources Ltd. stock, see the AU:YRL Stock Forecast page.
More about Yandal Resources Ltd.
Yandal Resources Ltd (ASX: YRL) is an Australian gold exploration company focused on its 100%-owned Ironstone Well-Barwidgee Gold Project in Western Australia. The company targets large-scale intrusive and structural gold systems, including the New England Granite intrusive complex, using systematic drilling to define new discoveries in an underexplored gold district.
Average Trading Volume: 598,984
Technical Sentiment Signal: Buy
Current Market Cap: A$94.88M
Find detailed analytics on YRL stock on TipRanks’ Stock Analysis page.