Join our daily newsletter At The Bell to receive exclusive market insights
- Surefire Resources (SRN) identifies high priority targets after reviewing historical data and aeromagnetic surveys at its Perenjori West project in Western Australia
- The company identified 15 gold and base metal targets as well as a previously unrecognised and unexplored ultramafic belt
- SRN begun field reconnaissance at the project to sample the locations and validate the interpretation aeromagnetic data
- It plans to conduct surface geochemical surveys to map out future drill testing
- Shares are trading 10.3 per cent higher today at 3.2 cents each
Surefire Resources (SRN) has identified high priority targets after reviewing historical data and aeromagnetic surveys at its Perenjori West project in Western Australia.
The company identified 15 gold and base metal targets as well as a previously unrecognised and unexplored ultramafic belt.
It recently acquired a tenement in the area, which cover a largely concealed greenstone.
Previous exploration in the area identified a number of highly anomalous BLEG gold anomalies which remain untested as mixed results and a weak gold price saw interest in the area dissipate.
Following an interpretation of publicly available aeromagnetic data, increasingly mafic lithologies were identified in a basic volcanic package to the west.
The company has begun field reconnaissance at the project to sample the locations and validate the interpretation aeromagnetic data.
It also plans to conduct surface geochemical surveys to map out future drill testing.
Shares were trading 10.3 per cent higher today at 3.2 cents each at 1:05 pm AEST.
