Red 5 Limited (ASX: RED) has obtained positive results, identifying several new zones of gold mineralization, from recent exploration drilling at the 100%-owned South Yandal Gold Project, located 20km west of the Darlot Gold Mine in the Eastern Goldfields region of Western Australia,
Two separate air-core programmes totalling 5,708m of drilling have been completed, targeting the NW Structure target and the Coodawa Prospect.
The programmes were designed to test high-priority targets across the prospective but underexplored South Yandal area, proximal to the Ockerburry Shear Zone, a major regional- scale fault system linked to gold mineralization in the region.
Gold assays from the initial 4m composite samples have returned promising results, identifying zones of significant gold mineralization at both target areas.
In particular, highly encouraging first-pass results were achieved at the NW Structure, where drilling intersected multiple intervals of vein-hosted gold across broad zones within the 1.2km target strike length.
Initial observations show gold mineralization is spatially associated where the north-west structures intersect stratigraphic boundaries. Importantly, many of the mineralized holes ended in anomalous gold, indicating the mineralization continues deeper into the bedrock.
Sample re-splits at 1m intervals from the mineralized zones have been submitted for analysis, with assays currently pending.
Further drill programmes, following up on these new gold intercepts and testing other high-priority areas within the prospective exploration tenure are planned.
“These positive reconnaissance exploration results at Yandal South are very encouraging, with the air-core drilling confirming significant gold anomalism,” Managing Director, Mark Williams, said.
“We are now planning to undertake a seismic survey over this area to help identify structural and lithological features for targeting during the next round of drilling.”
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