Yandal Resources completes ground gravity survey at Ironstone Well-Barwidgee Gold Project

Yandal Resources Ltd (ASX: $YRL) has completed a ground gravity survey at the Ironstone Well-Barwidgee Gold Project, located approximately 50km south of the Jundee Gold Mine in the northern Yandal Belt. The survey has revealed several new and highly encouraging conceptual exploration target areas, including a large-scale north plunging fold structure and the poorly tested Irulan dolerite within a similar litho-structural setting to the Jundee Gold Mine. The Company remains well-funded to maintain a high level of exploration throughout 2024.

Executive Commentary on Ground Gravity Survey

Commenting on the new target areas, Yandal Resources' Technical Director, Mr Chris Oorschot, stated, 'We completed this ground gravity survey to provide more detail around a regional gravity high and to supplement the aerial magnetic data across the northeast portion of the IWB Project. The features coming out of the preliminary interpretation of the ground gravity dataset are highly encouraging, revealing potentially two new regional structures linking the Ockerburry and Barwidgee Shear Zones and a large-scale fold truncated to the south by one of these structures. We quickly began to draw comparisons to some well-known gold deposit analogues.'

Summary of Ground Gravity Survey Results

The preliminary interpretation of the ground gravity data has highlighted a much more complex structural setting across the northeast portion of the IWB Gold Project compared to previous regional interpretations. The survey has successfully identified several new conceptual exploration target areas, some of which show similarities to world-class gold camps. The Company plans to complete a detailed review of historic exploration across the target areas and undertake field reconnaissance before planning first pass testing of the targets. The work highlights significant gold exploration opportunities and potential across the Company's Projects within the Yandal Greenstone Belt. Yandal Resources remains well funded and is positioned to maintain a high level of exploration throughout 2024 with priority exploration activities and forthcoming news, including drilling results and regional soil sampling program results expected in the coming weeks.