Yandal Resources reports promising drilling results from its Caladan and New England Granite targets, highlighting potential for significant gold discoveries in Western Australia’s Yandal Greenstone Belt.
- Early drilling at Caladan’s Arrakis Prospect reveals gold mineralisation over 800m strike
- Diamond drilling at Siona confirms broad low-grade gold with higher-grade zones
- Large-scale air-core drilling programs underway at Caladan and New England Granite
- Approximately A$4.76 million cash on hand at quarter end
- Ongoing divestment process for non-core Mt McClure and Gordons Gold Projects
Exploration Momentum Builds at Caladan
Yandal Resources has made significant strides in its June 2025 quarter exploration activities, focusing on the Caladan and New England Granite target areas within the Ironstone Well-Barwidgee Gold Project in Western Australia. The highlight comes from the Caladan target, where early reverse circulation (RC) drilling at the Arrakis Prospect has revealed encouraging gold mineralisation. Results include intercepts such as 11 meters at 0.5 grams per tonne gold from 168 meters depth and 5 meters at 1.3 grams per tonne from 243 meters, confirming a sub-vertical mineralised shear zone approximately 30 meters wide.
Building on these findings, a large-scale air-core drilling program commenced in June, covering 6.4 kilometers of strike across ten broad-spaced lines. Initial assays from this program, received after the quarter’s end, have returned strong results including 11 meters at 2.1 grams per tonne gold and 12 meters at 1.1 grams per tonne, suggesting the mineralised structure extends over 800 meters and remains open along strike. These results reinforce the prospectivity of the Caladan fold structure, which shares geological similarities with some of the world’s renowned gold camps.
Siona Discovery Confirms New England Granite Potential
Meanwhile, at the New England Granite target, diamond drilling at the recently discovered Siona prospect has confirmed broad zones of low-grade gold mineralisation with internal higher-grade shoots. Notable intercepts include 16.3 meters at 0.5 grams per tonne and 29.1 meters at 0.4 grams per tonne gold, with localized zones reaching up to 12.7 grams per tonne over short intervals. Geological analysis indicates that mineralisation is structurally controlled by the interaction of the intrusive granite margin and cross-cutting shear zones.
Integration of diamond drilling data with ground gravity surveys has allowed Yandal to delineate several large-scale structural targets within the New England Granite area. Air-core drilling has commenced to test these targets, with results expected within the next two to three months, aiming to expand on the Siona discovery and identify additional mineralised zones.
Corporate and Strategic Developments
On the corporate front, Yandal Resources reported a cash position of approximately A$4.76 million at the end of the quarter, supporting ongoing exploration activities. The company continues to engage KPMG Corporate Finance to manage the potential divestment of its non-core Mt McClure and Gordons Gold Projects, a strategic move to focus resources on its more prospective assets.
The quarter also saw the resignation of long-serving independent non-executive director Timothy Kennedy, effective May 2025, as he pursues other interests. Exploration expenditure for the quarter totaled around A$2.19 million, reflecting the company’s commitment to advancing its key projects.
Looking Ahead
Yandal Resources has a busy September quarter planned, with further assay results from the Caladan air-core program anticipated shortly. Additional air-core drilling across the New England Granite is underway, and follow-up RC drilling is scheduled to test promising targets identified from recent air-core results. These activities aim to build on the early successes and progress Yandal’s goal of making new large-scale gold discoveries within the Yandal Greenstone Belt.
Bottom Line?
Yandal’s latest drilling results underscore the potential for significant gold discoveries, setting the stage for a pivotal exploration phase ahead.
Questions in the middle?
- How will upcoming assay results from Caladan and New England Granite influence Yandal’s resource estimates?
- What are the strategic implications of divesting the Mt McClure and Gordons projects for Yandal’s focus and capital allocation?
- How might the resignation of a key board member impact governance and strategic direction?