Yandal Resources welcomes boost to Mt McClure gold resource
October 03, 2023 at 03:01 pm
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Yandal Resources Ltd (ASX:YRL) technical director Chris Oorschot speaks with Proactive after the company announced it has defined initial mineral resource estimates (MRE) for its HMS Sulphur and Gilmore deposits within the 100%-owned Mt McClure Gold Project in Western Australia, increasing the total gold inventory by 34% to 182,200 ounces at 1.7 g/t. The Mt McClure Project covers a total strike length of 17 kilometres and includes several shallow historical open cut pits.
“We’re pleased to have added a further 46,200 ounces to the Mt McClure mineral resource, increasing the overall project inventory by 34% to 182,200 ounces,” Yandal Resources managing director Tim Kennedy said.
“Importantly, this was added for less than $20 per ounce, demonstrating the potential for low-cost brownfield discoveries across the Mt McClure Gold Project.
“At HMS Sulphur, the MRE is comprised of predominantly oxide ounces in close proximity to the existing Success MRE, and it has growth potential along strike to the south and down dip.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Yandal Resources Limited is an Australia-based company focused on exploring its portfolio of gold projects located in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia. The Company is focused on the discovery of structurally controlled Archaean Lode gold or Orogenic gold mineralization such as Jundee, Bronzewing, Cockburn-Lotus, Centenary-Darlot and Kanowna Belle gold deposits. The Company's projects include Gordons Project, Ironstone Well and Barwidgee Project, and Mt McClure Project. The Gordons Project is located 35 kilometer (km) north of Kalgoorlie. The project covers approximately 52 square kilometers (km2) of tenure adjacent to operating mines at Gordon Sirdar and Mulgarrie. The Ironstone Well & Barwidgee Projects covers approximately 630 km2 contiguous tenure located between the Jundee and Bronzewing mines in the northern Yandal Belt. The Mt McClure Project is located approximately 15 km south-west of the historic Bronzewing gold mine.