Yandal Resources (ASX:YRL) hit gold mineralization from a recent five-hole drill program conducted at the Oblique prospect within the Ironstone Well-Barwidgee gold project in Western Australia, according to a Tuesday filing with the Australian bourse.
The program yielded up to 26.5 meters at 0.6 grams per tonne grade of gold from 183.5 meters and 0.2 meters at 8.7g/t gold from 228 meters, the miner said in the filing.
Shares of Yandal Resources slumped 17% on market close.
Price (AUD): $0.13, Change: $-0.025, Percent Change: -16.67%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.