-- Yandal Resources (ASX:YRL) said it identified high-grade gold mineralization during a recent drilling at the Arrakis prospect of its Ironstone Well-Barwidgee gold project, according to a Tuesday Australian bourse filing.
The results were up to 27 meters at 1.2 grams per tonne gold from 87 meters, including two meters at 5.1 grams per tonne gold from 89 meters and five meters at 2.7 grams per tonne gold from 100 meters.
Further reverse circulation results from the Arrakis extensional drilling program are anticipated in two to three weeks, with three additional diamond drill holes also completed at Arrakis and assay results pending in four to six weeks, the filing added.
The diamond rig is now being mobilized to Flushing Meadows to commence eight 200-meter spaced exploration holes below the shallow 1.9-kilometer striking 268,000-ounce mineral resource, the company added.
The company's shares rose 10% in recent Tuesday trade.