- Surefire Resources (SRN) has been granted approval for a 6000-metre drilling program at its Yidby Gold Project in WA
- Drilling will target the Yidby Road prospect to test extensions of a mineralised zone at depth and along strike of previous thick, high-grade intersections
- These were discovered late last year and include grades of up to 26.57g/t gold
- Surefire also recently completed a gravity survey which identified mineralisation over at least two kilometres as well as multiple targets for follow-up testing
- Company shares are down 9.68 per cent and trading at 2.8 cents
Surefire Resources (SRN) has been granted a program of work approval for a 6000-metre drilling program at its Yidby Gold Project in WA.
The approval was granted by the Department of Mines, Industry, Regulation and Safety and means Surefire's reverse circulation drilling program can begin.
Drilling is targeting the Yidby Road prospect to test extensions of the porphyry-associated mineralised zone at depth and along strike of the previous thick and high-grade intersections.
These high-grade results were announced in November last year and include 56 metres at 1.97g/t gold from 44 metres including four metres at 14.47g/t gold, and 40 metres at 3.01g/t gold from 24 metres including four metres at 26.57g/t gold.
"The approval of the Yidby Road PoW has opened the way to commencing the major new reverse circulation drilling program at Yidby Road in the very near future," Managing Director Vladimir Nikolaenko said.
Prior to the upcoming drilling, Surefire completed survey work at the Yidby Road gold prospect.
The gravity survey was conducted over a two-kilometre-long corridor, targeting the porphyry intrusions and structural breaks associated with the major structures that host the mineralisation. Pleasingly, this survey identified additional mineralisation and multiple follow-up targets.
"We are also very encouraged by the results of the detailed gravity survey, that looks to have defined the potentially mineralised structural corridor over at-least two kilometres and highlighted key targets for repeats/extensions of the Yidby Road mineralisation for further regional scale drill-testing," Vladimir concluded.
Company shares are down 9.68 per cent and trading at 2.8 cents at 11:52 am AEDT.