New Gold Anomalies Up to 23.3 g/t Au Identified at Ives Find
Albion Resources has uncovered multiple new priority gold targets at the Ives Find area within its recently acquired Yandal West Project in Western Australia, highlighting significant potential for high-grade gold discoveries.
- New priority gold targets identified at Ives Find in Yandal West Project
- High-grade gold mineralisation up to 23.3 g/t Au found in rock samples with no prior drilling
- Three prominent northwest gold trends cross-cutting granite intrusive host
- Historical drilling focused inside granite, leaving sheared contact zones untested
- Planned soil sampling, IP geophysics, and drilling scheduled for Q2 2025
Strategic Acquisition and Exploration Opportunity
Albion Resources Limited has revealed promising exploration results from its newly acquired Yandal West Project, situated in the prolific Yandal Greenstone Belt of Western Australia's Northeastern Goldfields. The project’s Ives Find target area has emerged as a focal point following a comprehensive review of historical geochemical and geophysical data, underscoring the significant gold discovery potential within this underexplored region.
Geochemical and Structural Insights
The detailed data analysis identified three distinct northwest-trending gold-in-soil anomalies that cross-cut a 4km by 1km granite intrusive body. These trends align with regionally extensive structural features revealed by airborne magnetics, suggesting structural control over gold mineralisation. Notably, five priority geochemical anomalies remain untested by drilling, presenting fresh targets for exploration.
Rock chip sampling along these trends has returned high-grade gold assays, with values reaching up to 23.3 grams per tonne (g/t) Au. This is particularly significant given that historical drilling efforts have largely concentrated on old workings within the granite intrusive itself, neglecting the sheared contact zones where the new anomalies are located.
Comparison to Nearby Discoveries
The geological setting at Ives Find bears striking similarities to the nearby Siona discovery, operated by Yandal Resources. Both feature granitoid hosts with gold mineralisation associated with northwest-trending shear zones and structural ‘kinks’ that appear to localise higher-grade mineralisation. This analogy bolsters confidence in the potential for substantial gold deposits at Ives Find, especially along the untested sheared contacts.
Historical Drilling and Walk-Up Targets
Previous drilling at Ives Find has yielded encouraging intercepts within the granite intrusive, including 4 meters at 6.12 g/t Au and 3 meters at 15.0 g/t Au, both ending in mineralisation and remaining open at depth. These results represent immediate walk-up drill targets, while the newly identified soil and rock chip anomalies along the granite contacts open a new frontier for exploration.
Next Steps in Exploration
Albion plans to commence an induced polarization (IP) geophysical survey this month to detect chargeability anomalies indicative of sulfide mineralisation associated with gold. This will be complemented by targeted soil sampling to refine the priority targets. The combined datasets will guide aircore and reverse circulation (RC) drilling programs scheduled for the second quarter of 2025, aiming to systematically test both the historical and newly identified targets.
Non-Executive Chairman Steven Formica emphasised the strategic importance of the acquisition and the exciting exploration upside: "The Yandal West Project is strategically located between major gold mines and recent discoveries, offering a compelling opportunity. Our data review has uncovered significant new targets that have not been drill tested, and we look forward to advancing these with fieldwork and drilling in 2025."
Bottom Line?
Albion’s methodical approach to unlocking Yandal West’s gold potential sets the stage for a pivotal exploration campaign in 2025.
Questions in the middle?
- Will upcoming IP surveys confirm sulfide-associated gold mineralisation along the granite contacts?
- How will drilling results from the untested sheared contact zones compare to historical intercepts within the granite?
- Could the structural similarities to the Siona discovery translate into a major new gold resource at Ives Find?
