Yandal Resources Says Follow-Up Drilling at Western Australia Project Demonstrates Gold Anomalism, Shares Fall 11%

Trading View
2025.02.25 04:47

Yandal Resources reported that follow-up drilling at its Ironstone Well-Barwidgee gold project in Western Australia revealed gold anomalism. The mineralized structure appears open and untested at depth and along strike. The company has initiated a 1,200-meter diamond drilling program at the Siona gold discovery. However, shares fell 11% in recent trading.

Yandal Resources said that preliminary follow-up reverse circulation drilling completed at the Caladan target at its Ironstone Well-Barwidgee gold project in Western Australia demonstrated gold anomalism, according to a Tuesday Australian bourse filing.

Drilling suggests that the mineralized structure remains open and untested at depth and along strike, the miner said in the filing.

It has also begun a diamond drilling program of around 1,200 meters in total depth at the Siona gold discovery located within the project.

Its shares fell 11% in recent trade on Tuesday.

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