05-08-2025
ALB hits golden jackpot at Yandal West
Albion's next batch of seven holes hits jackpot with intersections of up to 4m at 19.2g/t gold
Shallow high-grade intersections remain open at depth, indicating potential for deeper treasure
More assays pending with company to resume drilling remaining holes in maiden program
Special Report: Albion Resources has reason to cheer after the next batch of assays from drilling at the Collavilla prospect within its Yandal West project in WA returned more near-surface, high-grade gold results.
All seven holes, which returned best assays of 4m grading 19.2g/t gold from 55m, 5m at 9.6g/t from 36m and 3m at 11g/t from 48m, were drilled in a 100m by 100m area within the Ives Find prospective granite intrusive that covers an area of more than 4km by 750m.
The highlighted intersections occur within broader halos of gold mineralisation and are also open at depth, indicating potential for Albion Resources (ASX:ALB) to extend mineralisation vertically with deeper drilling.
Adding further interest, mineralisation in these three holes all displays a spatial relationship with mafic rocks within the Ives intrusive granite.
This supports the company's exploration model, which seeks to find more mafic rafts across the area covered by the Ives Find granite due to their potential association with high-grade mineralisation.
These results follow assays from the first batch of 12 holes that also intersected shallow, high-grade gold of up to 11m at 20g/t from 17m.
'These are fantastic results from our second week of drilling at Collavilla,' chief executive officer Peter Goh said.
'Once again, we've intersected shallow high-grade gold, this time from an additional ~500 metres of drilling. Importantly, the mineralisation remains open, which is an exciting development that reinforces the potential of the system.
'This second batch of results not only confirms the presence of high-grade gold at Ives Find, but also strengthens our evolving geological model we're developing, particularly the observed association with mafic rafts within the granite.'
Interpreted cross section showing recent highlight assay results at Collavilla. Pic: Albion Resources
Yandal West project
ALB recently started its maiden drilling campaign at the Yandal West project within the highly prospective Yandal Greenstone Belt in WA's northeastern Goldfields.
To date, 28 holes totalling 1871m have been completed out of a planned 3000m with assays received from 19 holes.
Drilling at Collavilla is focused on finding near-surface and targeted down-dip extensions of known mineralisation to assess potential for depth extension to the orebody.
Needless to say, the results so far indicate that this objective has been met with other holes also providing support for there being more mineralisation at depth.
More from ALB: Albion squares focus on Yandal West greenstone gold
Next steps
The company has now completed a detailed ground gravity survey to find subtle denser zones that may represent mafic rafts or dolerite dykes.
his follows the theory that high-grade gold veins are closely associated with structures cross-cutting thicker mafic greenstone units within the Ives Find granite.
Interpretation of this survey is underway.
ALB is also awaiting assays from the remaining holes in its maiden drilling program and will restart reverse circulation drilling for the remaining ~1100m following a drill crew break.
Assays are also pending for ~780m of drilling across regional targets while an evaluation of the May Queen prospect for inclusion in upcoming drill targeting is underway.
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.
