Yandal Resources drilling update

Yandal Resources (ASX:YRL) has started a 12-hole, 2,500m Reverse Circulation (RC) drilling program at the Siona gold discovery in the New England Granite area. The goal is to determine the geometry and extent of gold mineralisation, with the drilling expected to finish in two weeks and results anticipated by mid to late November. The company remains financially robust with $3.8 million in cash as of the September quarter.

Overview and future outlook for Yandal Resources

Yandal Resources (ASX:YRL) is actively pursuing the Siona gold discovery with a focused RC drilling program to ascertain the geometry and extent of mineralisation. Notable previous intercepts include 78m @ 1.2 g/t Au and 14m @ 1.8 g/t Au. The company is well-funded, with $3.8 million in cash, and is advancing its geological model for Siona and other targets within the New England Granite region. Results from this and other ongoing exploration efforts are expected to provide critical insights into the future development of Yandal Resources' projects, aligning with their strategic goals to enhance their mineral resource base in Western Australia.

Executive commentary on drilling program

The 12-hole, 2,500m RC drilling program at the Siona gold discovery is a significant step for Yandal Resources. We aim to confirm the true width and dip of mineralisation, and to determine the strike extent both to the northwest and southeast. Our strong financial position allows us to continue exploring and developing our geological model for Siona, as well as similar structures in the New England Granite region.