Yandal Resources (ASX:YRL) announces exploration update

Yandal Resources Ltd (ASX:YRL) has released an exploration update, reporting the receipt of diamond drilling results from the Oblique Prospect as well as access approval for initial AC drilling across the Caladan and Irulan targets. The company's Managing Director, Mr. Chris Oorschot, commented on the new target areas and the revised exploration target for the Oblique Prospect, focusing on shallow oxide mineralisation potential.

Executive commentary on exploration update

Commenting on the new target areas, Yandal Resources' Managing Director, Mr. Chris Oorschot, stated, 'The diamond drilling program across Oblique has provided the exploration team with invaluable insights into the structures and stratigraphy that control the broad mineralised system. These learnings can be widely applied to refine our targeting models across the Project. Based on the diamond drilling results, we have revised the Exploration Target for the Oblique Prospect to focus on shallow oxide mineralisation. Given the prospect's proximity to the predominantly oxide 268 Koz Flushing Meadows Deposit, there is value in pursuing oxide and transitional mineralisation at Oblique, and we will look to test this position further within the next six to twelve months.'

Summary of exploration update and outlook

Yandal Resources Ltd (ASX:YRL) has updated the exploration target for the Oblique Prospect, focusing on shallow oxide mineralisation potential following the receipt of diamond drilling results. The company has also received access approval for initial AC drilling across the Caladan and Irulan targets, with drilling scheduled for October 2024. The first results from the New England Granite diamond drilling are due soon, and preparations for follow-up are in progress. Results for the recently completed diamond drilling at Quarter Moon are expected during September. Yandal Resources remains well positioned to maintain a high level of exploration throughout 2024 with priority exploration activities and forthcoming news, including RC and AC drilling programs. The company aims to actively test the exploration targets through ongoing exploration drilling, with an outlook focused on refining targeting models and pursuing oxide and transitional mineralisation at the Oblique Prospect.