While rain pauses RC drilling, Yandal highlights latest gold hits from Siona

The Market Herald2024-12-11

Confidence among the geotech team for Yandal Resources (ASX:YRL) has been boosted with the company reporting fresh gold hits at Siona. Siona, for those playing at home, is a gold target part of the ...

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The company’s latest gold hits come off the back of a completed follow-up program.The company reported on Wednesday multiple drill hits including:. While rains currently impede RC drilling on-site, Yandal MD Chris Oorschot said it’s a good time for the exploration team to consolidate data, get together, and prepare for a fresh campaign in early 2025.“Heavy rainfalls across the project area have resulted in a pause in current RC drilling. However, this will give the exploration team time to consolidate results and prepare for drilling to re-commence in early 2025.”The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a ","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"虽然下雨暂停了RC钻探，但Yandal重点介绍了Siona的最新金矿开采","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RC":1,"YRL.AU":1},"content_text":"Confidence among the geotech team for Yandal Resources (ASX:YRL) has been boosted with the company reporting fresh gold hits at Siona. \nSiona, for those playing at home, is a gold target part of the company’s larger WA-based Ironstone Well-Barwidgee Project. The company’s latest gold hits come off the back of a completed follow-up program.\nThe company reported on Wednesday multiple drill hits including: \n\n17m @ 4.9g/t gold from 85m depth, including: \n\n01m @ 62g/t gold from 85m\n\n\n23m @ 1.3g/t gold from 102m depth, including: \n\n15m @ 1.6g/t gold\n\n\n43m @ 0.4g/t gold from 93m depth \n\n(All in all, kind of a mixed bag.)\nVisible gold chips in RC samples returned to the surface were also noted.\nAfter sniffing along 500m of target area, Management said on Wednesday the company has ultimately shored up 300m worth of prospective strike.\nWhile rains currently impede RC drilling on-site, Yandal MD Chris Oorschot said it’s a good time for the exploration team to consolidate data, get together, and prepare for a fresh campaign in early 2025.\n“Siona infill RC drilling continues to demonstrate mineralisation continuity along strike and has extended mineralisation… now confirmed along more than 300m of strike,” Oorschot said. \n“It is also encouraging to see higher-grade intercepts across Siona, which are supported by the observation of visible gold.\n“Heavy rainfalls across the project area have resulted in a pause in current RC drilling. However, this will give the exploration team time to consolidate results and prepare for drilling to re-commence in early 2025.”\nThat 2025 drill run will go after extant “structural targets and regolith anomalies” right near Siona, targeting what is believed to be the eastmost end of an underlying granite formation. \nYRL last traded at 23cps. \nJoin the discussion: See what HotCopper users are saying about Yandal and be part of the conversations that move the markets. \nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. 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