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Yandal Resources Ltd. ( (AU:YRL) ) has issued an update.
Yandal Resources Ltd. announced promising results from their first air-core drilling at the Caladan target area, part of the Ironstone Well–Barwidgee Gold Project. The drilling revealed significant gold intercepts within the Caladan Fold structure, suggesting the potential for a new greenfield discovery. The identified geochemical anomaly CAL-01 has shown positive results even with limited drilling, indicating the viability of further exploration. The company plans to proceed with follow-up drilling and additional heritage surveys to expand their exploration efforts, potentially impacting their industry positioning by uncovering new resources.
More about Yandal Resources Ltd.
Yandal Resources Ltd. is a company involved in the mining industry, focusing on gold exploration. The company operates within the Yandal Greenstone Belt, a region known for its significant mineral deposits, and is engaged in various projects, including the Ironstone Well–Barwidgee Gold Project.
YTD Price Performance: -17.14%
Average Trading Volume: 875,902
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$55.66M
Learn more about YRL stock on TipRanks’ Stock Analysis page.
