Albion Resources flags three new gold targets at Yandal West

Albion Resources has found three new gold target areas to prioritise in maiden drilling set to begin at the Yandal West project next month.

The targets are defined by coincident gold-in-soil anomalies and chargeability responses, suggesting potential gold-related sulphide mineralisation. Pic: Getty Images.

• Albion Resources zeros in on three new target areas at prospective Yandal West gold project

• Project in multi-million ounce province close to existing mining operations

• ALB to prioritise new targets in upcoming maiden drill program next month

 

Special Report: Albion Resources has found three new priority drill target areas at the Barwidgee Fault prospect area on its Yandal West gold project in WA.

The company hopes to unearth a major greenfields discovery at the project, which sits in the highly prospective Yandal Greenstone Belt, 55km north of Northern Star’s Bronzewing gold mine and 60km south of its Jundee gold mine, which reportedly produces about 300,000 ounces of gold per year.

The new target areas – Barwidgee Central, Harris North and Barwidgee South – were identified from recent Gradient Array Induced Polarisation (GAIP) and soil geochemical surveys.

At the Barwidgee Central Area, the company has defined a large 1km by 300m gold-in-soil anomaly, centred around the discovery hole (4m at 9g/t gold still open at depth).

Albion Resources (ASX:ALB) also notes the ‘sigmoidal shape’ observed at Barwidgee Central may represent prominent fault jog or flexure along the Barwidgee Shear which is a hallmark feature of many gold deposits.

At Harris North and Barwidgee South, the company defined a 400m by 100m gold-in-soil anomaly and 1km by 200m gold-in-soil anomaly, respectively, with chargeability anomalies coincident with highly elevated gold-in-soil.

This could indicate that the sulphide could well be related to gold mineralisation.

Unlocking gold potential at Yandal West

The company is currently prioritising and refining drill plans, which will be prioritised in its maiden drilling program, due to commence in mid-to-late June.

And that program couldn’t be better timed, with gold prices sitting at around US$3226 at the time of writing.

“We’re very excited by the results of our recent exploration work at Barwidgee, which have delivered three high-priority drill target areas at Barwidgee Central, Harris North, and Barwidgee South,” ALB CEO Peter Goh said.

“With our heritage surveys nearing completion and planning well advanced, we’re on track to begin our maiden drill program in June.

“It’s an exciting time for Albion as we prepare to drill-test these targets and unlock the potential of Yandal West.”

This article was developed in collaboration with Albion Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Albion Resources flags three new gold targets at Yandal West