Yandal Resources progresses exploration across Caladan and New England Granite prospects

April 28, 2025 02:53 PM AEST | By Team Kalkine Media

Yandal Resources progresses exploration across Caladan and New England Granite prospects — Image source: Shutterstock

Progress at Caladan and Arrakis Prospects

Field activities at the Caladan area resulted in confirmation of gold mineralisation across a significant regolith geochemical anomaly. This work led to the delineation of a new zone, named the Arrakis Prospect. Initial aircore drilling outcomes from this zone highlighted the presence of gold, culminating in a completed follow-up reverse circulation (RC) drilling program during the reporting period.

Preparations are progressing for a new aircore drilling campaign, with groundwork being laid following heritage surveys. This upcoming program is designed to expand on existing mineralised zones and further define structural controls influencing gold accumulation within the area.

Exploration Success at New England Granite

At the New England Granite prospect, RC drilling efforts concentrated around the Siona Discovery confirmed consistent gold mineralisation extending over substantial strike lengths. Drill data indicated continuous mineralised structures with varying widths, reinforcing geological interpretations developed from earlier survey work.

Additionally, exploration drilling south of the Siona area resulted in the identification of the Salusa Prospect. Early drilling at Salusa delivered encouraging intercepts, enhancing the prospectivity of the broader project area. Infill ground gravity surveys completed during the quarter contributed to refining structural models, offering better definition for future drill planning.

Diamond drilling activities at Siona have concluded, and assay results are anticipated shortly. Meanwhile, further aircore drilling initiatives are being organised, focusing on structural features highlighted by the updated gravity survey findings.

Financial Strength and Asset Management

Yandal Resources closed the March quarter with a healthy cash balance, reinforcing its ability to execute extensive exploration programs without immediate external funding requirements. The company continues to demonstrate discipline in asset management, engaging KPMG Corporate Finance to oversee the divestment process for non-core assets, including the Mt McClure and Gordons Gold Projects.

The Mt McClure project, situated in the southern sector of the Yandal Belt, and the Gordons project, located north of Kalgoorlie, both offer historical exploration significance and mineral resource inventory. These initiatives align with the company's broader strategy of focusing resources on advancing core exploration areas within its portfolio of ASX Mining Stocks.

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