Yandal Resources (ASX:YRL) hit gold mineralization from a recent drill program conducted at the New England granite prospect in Western Australia, according to a Monday filing with the Australian bourse.
The 12-hole, 2,400-meter program yielded up to 1.2 grams per tonne (g/t) grade of gold from 96 meters, including 5 meters at 3.2 g/t gold, the miner said in the filing.
Shares of Yandal Resources surged 100% in recent Monday trade and earlier reached their highest since April 2022.
Price (AUD): $0.20, Change: $+0.10, Percent Change: +100.00%
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.