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Ironstone Well-Barwidgee Project

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Yandal Resources

RC Drilling Commences at Ironstone Well-Barwidgee

Drilling to Focus on Large Scale Oblique and New England Granite Prospects

Commenting on the drilling program, Yandal Resources’ Managing Director Mr Tim Kennedy said: “This program follows on from a comprehensive review of the extensive target pipeline within Yandal’s project portfolio. Our strategy has been to identify those prospects with the highest potential, based on geological setting and geochemical footprint, to result in a discovery that can add significant value to the Company. We look forward to completing the program and reporting the results as they come to hand.”

Yandal has commenced an RC drilling program at its 100% owned Ironstone Well-Barwidgee Project located between Jundee and Bronzewing in the northern Yandal Belt.

The program will test two high priority prospects, Oblique and New England Granite, both of which have been assessed as having large-scale discovery potential due to extensive geochemical footprints and strong intercepts from limited historic drilling.

Oblique is located 6km northwest along strike from Yandal’s Flushing Meadows Resource (268,000oz) and has a target footprint of 1.9km of strike. Historic intercepts include;

12m @ 1.9g/t Au from 86m, including8m @ 2.7g/t Au (CYPFRC15)

12m @ 1.2 g/t Au from 72m, including 3m @ 3.2g/t Au from 72m (CYPFRC16)

11m @ 1.8 g/t Au from 31m, including 6m @ 3.0g/t Au from 35m (CYPIWR294)

New England Granite has a target footprint of +4km associated with a deformed granite margin from which historic reconnaissance drilling and limited follow-up drilling has returned numerous shallow intercepts including:

13m @ 0.7g/t Au from 32m, including5m @ 1.6 g/t Au from 38m, 3m @ 2.0g/t Au from 62m and 29m @ 0.4g/t Au from 160m (EOH) (NEWBEMC0041)

The RC program will comprise approximately 3,500m of drilling and will take 3 – 4 weeks to complete, with assay results expected in late October 2023.

RC Drilling Commences at Ironstone Well-Barwidgee

Announcement summary