Yandal Resources Diamond Core Confirms Gold at Flushing Meadows

Diamond drilling at Flushing Meadows is finished. Assays from the remaining seven holes are due through July. The first two lines of air‑core drilling have also been completed across the broader Flushing Meadows and Giedi Prime target area, with results also expected next month.

Oorschot said the drilling to date suggests the boundaries of the mineralised system have not been adequately defined. The ongoing air‑core program combined with further diamond results should allow the company to map the full scale of the system and build a more refined exploration target.

He pointed to early validation of the concept: a 20‑metre intercept at 1.7 grams per tonne gold from a reverse‑circulation pre‑collar announced earlier this month. That result, together with the new diamond data, supports the idea of multiple sub‑parallel mineralised iron‑rich units in the hanging wall east of the current resource.

The stock traded at 21.0 cents on the day, giving Yandal a market capitalisation of roughly A$56 million.