Albion Resources has identified a compelling geophysical and geochemical anomaly at its Ives North prospect, setting the stage for a high-priority drilling campaign in early 2026. The untested target lies near previous high-grade gold intercepts, promising significant exploration upside.
- Robust 2.5 km × 1.5 km GAIP anomaly at Ives North prospect
- High-grade gold rock chip samples up to 42 g/t Au coincide with anomaly
- Target located 2 km north of Collavilla, which returned 20 m @ 11 g/t Au
- Drilling scheduled for late January 2026, pending heritage approvals
- Company well-funded with $3.3 million cash to support exploration
A New Priority Emerges at Yandal West
Albion Resources Limited (ASX – ALB) has announced a significant advancement in its Yandal West Project exploration with the identification of a compelling geophysical anomaly at the Ives North prospect. Using Gradient Array Induced Polarisation (GAIP) surveying, the company has delineated a broad, coherent conductive corridor measuring approximately 2.5 km by 1.5 km along the western margin of the Ives Granite intrusion in Western Australia.
This anomaly is particularly noteworthy because it aligns with multiple high-grade gold-bearing rock chip samples, some reaching up to 42 grams per tonne (g/t) of gold, as well as a consistent geochemical signature featuring pathfinder elements such as silver, bismuth, tungsten, and molybdenum. These elements often indicate the presence of sulphide mineralisation, which is a key host for gold deposits.
Strategic Location and Analogous Discoveries
The Ives North target lies just 2 kilometres north of Albion’s Collavilla prospect, where previous drilling yielded impressive results including 20 metres at 11 g/t gold from a shallow depth of 17 metres. The geological setting at Ives North, particularly the granite contact zone, is considered analogous to the nearby Siona discovery by Yandal Resources, which reported a substantial intercept of 107 metres at 1 g/t gold. This comparison adds a layer of optimism about the potential scale and grade of mineralisation at Ives North.
Additional geophysical features, including chargeability and resistivity anomalies trending northwest within the greenstone sequences adjacent to the granite, are also under review. These may represent further exploration opportunities within the broader Yandal West tenure.
Next Steps and Funding Position
Albion’s CEO, Peter Goh, emphasized the priority status of Ives North, describing it as the most compelling walk-up drill target identified to date by the company. Drilling is planned to commence in late January 2026, subject to the completion of heritage and access approvals expected by December 2025. The company is actively fast-tracking these approvals to maintain momentum.
Financially, Albion is well-positioned to execute its exploration plans, holding approximately $3.3 million in cash. This funding provides a solid platform not only for the upcoming drill program at Ives North but also for ongoing exploration activities across the Yandal West Project.
While Albion continues to advance other prospects such as May Queen and Duck & Duckling, the immediate focus on Ives North reflects the convergence of multiple datasets pointing to a high-potential gold system. The upcoming drill results will be pivotal in confirming the extent and economic viability of the mineralisation suggested by the geophysical and geochemical data.
Bottom Line?
With drilling imminent, Ives North could redefine Albion’s exploration trajectory and market valuation.
Questions in the middle?
- Will the upcoming drilling confirm the high-grade gold mineralisation suggested by surface sampling and GAIP data?
- How might the Ives North results compare to the nearby Siona discovery in scale and grade?
- What are the timelines and potential hurdles for heritage and access approvals impacting the drill program?