Gold Discovery Potential: Marquee Resources Uncovers Significant Gold Targets at Yindi Project
Marquee Resources (ASX:MQR) has announced compelling results from a comprehensive historical data review at its Yindi Gold Project, revealing five significant gold anomalies across its 106 km² tenure in Western Australia's prolific Yilgarn gold province.
Strategic Position in Premier Gold District
Marquee's Yindi Gold Project occupies a strategic position in one of Australia's most productive gold regions, located just 45 km south of Northern Star's +5 million ounce Carosue Dam operations and adjacent to Ramelius Resources' 1.7 million ounce Roe Project.
The project lies directly on the Yilgani Fault, a proven gold-bearing structure within the greenstone belt that has produced multiple major gold deposits throughout the region. This premium address provides Marquee Resources Ltd gold discovery at Yindi with significant exploration advantages from the outset.
"The integration of historical drilling data with our modern UltraFine+™ geochemistry has significantly enhanced our understanding of Yindi's potential. The presence of kilometre-scale gold anomalies, corroborated by historical intercepts, strengthens our confidence that the Yindi Project could host a substantial gold system." – Charles Thomas, Executive Chairman of Marquee Resources
Significant Historical Data Foundation
The company's review has identified and analysed 520 historical drill holes across the project area, providing a robust foundation for targeted exploration. Key findings include:
- Historical gold intercept of 8 meters at 0.9g/t Au, including 4 meters at 1.6g/t Au from 60 meters in drill hole YLAC0401
- Five large-scale gold anomalies identified, including:
- Anomaly 5: Extends over approximately 4km x 1.7km with supergene gold enrichment
- Anomaly 1: Gold dispersion halo extends approximately 3.3km x 1.2km
- Anomaly 4: Extends ~3km along strike and up to 1km in width along granite-greenstone contact
Importantly, the historical drilling was relatively shallow, with an average hole depth of just 45 meters, indicating significant untested potential at depth and along strike.
Five Priority Gold Targets Identified
The data review has highlighted five compelling gold targets that warrant immediate follow-up:
| Anomaly | Size | Key Features |
|---|---|---|
| Anomaly 1 | 3.3km x 1.2km | Located in anticlinal fold nose with ENE and NW trending conjugate faults |
| Anomaly 2 | 1.1km x 0.8km | Similar geological setting to Anomaly 1 |
| Anomaly 3 | 2.2km x 1.7km | Centered on NNW trending magnetic high (interpreted dolerite) with NE structures |
| Anomaly 4 | 3km x 1km | Located along granite-greenstone contact with high-grade results at structural intersections |
| Anomaly 5 | 4km x 1.7km | Southern nose of Bulyairdie Monzogranite with historical intercept of 8m @ 0.9g/t Au |
The gold anomalies show strong correlation with favourable structural settings, including fault intersections and granite-greenstone contacts that are analogous to numerous significant gold deposits throughout the Yilgarn Craton.
Understanding Supergene Gold Enrichment
Supergene gold enrichment is a natural process where weathering and groundwater movement concentrate gold in the near-surface environment. At Yindi, this process has created potentially significant gold accumulations in the weathered profile, particularly evident in Anomaly 5.
Supergene enrichment is significant for investors because:
- It can create higher-grade zones in the weathered profile (up to 60-80m depth)
- These zones are typically more economical to mine as they require less processing
- They often indicate primary gold mineralisation at depth in fresh rock
- Many major Western Australian gold discoveries began by following supergene enrichment to the primary source
The historical intercept of 8m @ 0.9g/t Au (including 4m @ 1.6g/t Au) in hole YLAC0401 represents this type of supergene enrichment and provides a clear target for follow-up drilling.
Next Steps for Yindi Exploration
Marquee is evaluating several approaches to advance the Yindi Project:
- Finalising decision on advancing Joint Venture discussions or conducting its own drill program
- Advanced 3D geological modelling of all 520 historical drill holes
- Structural interpretation of the Yilgani Fault to refine high-priority drill targets
- Finalising drilling permits to test the higher-grade intercept in YLAC0401
- Stakeholder engagement and heritage approvals
Why Investors Should Follow Marquee Resources
Marquee Resources presents a compelling investment case for gold-focused investors for several key reasons:
- Strategic Location: Positioned in a Tier-1 gold jurisdiction between multi-million-ounce operations
- Substantial Scale: 106 km² of highly prospective tenure with five large-scale gold anomalies
- Data Advantage: Extensive historical dataset of 520 drill holes providing immediate targeting opportunities
- Clear Path Forward: Well-defined exploration strategy to test compelling targets
- Underexplored Potential: Historical drilling was shallow (average 45m depth) leaving significant untested potential
- Strong Gold Market: Project advancement against the backdrop of robust gold prices
"With a combination of a high-quality yet underexplored dataset, a significant regional gold endowment, and a clear pathway for systematic modern exploration, Marquee considers the Yindi Gold Project to be a standout opportunity." – Charles Thomas, Executive Chairman
The company expects to provide regular updates as the exploration program progresses, with potential for substantial value creation as these gold targets are systematically tested.
Want to Invest in Western Australia's Next Gold Discovery?
Discover how Marquee Resources is strategically positioned to capitalise on five substantial gold anomalies in one of Australia's most productive gold regions. With a robust historical dataset, compelling gold intercepts, and proximity to multi-million-ounce operations, MQR offers significant investment potential at the Yindi Gold Project. For detailed investor information and to stay updated on upcoming drilling programs, visit www.marqueeresources.com.au today.
