Yandal Resources (ASX: $YRL) announces expansion of exploration program

Yandal Resources Limited (ASX: $YRL) has announced the results of its orientation soil survey, confirming a consistent bedrock geochemical response and the effectiveness of the method in identifying new gold targets, evaluating existing targets, and testing other commodities such as lithium. The company is set to roll out a systematic soil sampling program across a broad area of the Ironstone Well-Barwidgee (IWB) Gold Project. Additionally, plans for RC drilling at the Oblique and Quarter Moon prospects, an infill aerial magnetic survey, and diamond drilling have been scheduled. With approximately $7.5m available funds, Yandal Resources is well positioned to maintain a high level of exploration throughout 2024.

Executive commentary on the new results

Results from the trial soil sampling survey give us confidence that a larger scale soil sampling program will greatly assist in delineating new exploration targets and evaluating existing targets. Though the survey was intended to highlight areas of lithium prospectivity in the first instance, it is clear from the results that sampling should also be effective in highlighting areas of interest for other commodities, including gold. This is an excellent outcome as it should provide a rapid and cost-effective screen for areas of interest and help refine targets for more follow-up drilling. Despite heavy rainfall in late January, the team is scheduled to commence drilling activities across the Oblique and Quarter Moon Prospect. To support our aggressive exploration program moving forward, we are pleased to welcome respected Senior Geologist Dr Anthony Morey to the technical team and also Adam Baynes as Senior Field Technician, who recently held a similar role with Musgrave Minerals.

Summary of the exploration update and outlook

Yandal Resources Limited (ASX: $YRL) has reported the successful results of its orientation soil survey, indicating the method's effectiveness in identifying new gold targets and other commodities of interest. The company plans to roll out a systematic soil sampling program, RC drilling at the Oblique and Quarter Moon prospects, an infill aerial magnetic survey, and diamond drilling. With approximately $7.5m available funds, Yandal Resources is well positioned to maintain a high level of exploration throughout 2024. The expansion of the team with the appointment of a Senior Exploration Geologist and a Senior Field Assistant reflects the company's commitment to advancing exploration across all projects. The announcement also outlines plans for future drilling programs at Gordons South and Mt McClure, demonstrating Yandal Resources' ambitious exploration strategy and commitment to furthering its projects.