Ironstone Well and Barwidgee Gold Projects
Yandal Resources Limited owns a 100% interest in the prospective Ironstone Well and adjacent Barwidgee gold projects in Western Australia.
The projects comprise of eight contiguous mining, exploration and prospecting licenses covering approximately 472km² within the northern part of the prospective Yandal Greenstone Belt. The belt is host to a number of large gold deposits including Northern Star’s (ASX: NST) giant Jundee mine which has been operating continuously for over 20 years
Figure 1: Ironstone Well and Barwidgee Project Location
The projects cover ~55km strike extent of high prospective greenstone rocks containing a number of historically defined gold deposits and mineral occurrences. Significant broad spaced reconnaissance drilling has been undertaken by previous owners over much of the project area however it is considered to have ineffectively tested major gold bearing structures.
Key reasons as to why historic work was unable to effectively test targets include;
- The complex way metals behave within the deeply weathered Yandal Greenstone terrain was not previously recognised;
- The use of shallow vacuum, RAB and aircore drilling techniques coupled with assay methods sensitive to only parts per million detection;
- The use of shallow vertical holes instead of angled.
Field reconnaissance and detailed database reviews have generated numerous advanced and early stage gold targets to test over the next few years with the aim to define major gold deposits.
There has been a resurgence in exploration and development activity within the Yandal Greenstone Belt in recent years which is resulting in new gold discoveries and growth in gold processing capacity within haulage distance of the Company projects.