Total
0
Shares
Source: Surefire Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Surefire Resources (SRN) has received pleasing results from the first five holes of a drilling program at the Yidby Gold Project in WA
  • So far, 18 holes, for almost 2800 metres, have been drilled to extend known high-grade gold and potentially make a new discovery
  • Pleasingly, this work has already extended the mineralised zone along strike and at depth and it remains open in all directions
  • Today’s results include thick intersections as well as grades of up to 6.31g/t and 26.47g/t gold
  • Results are pending for 13 holes but these are expected in the next few weeks
  • Company shares are up 3.7 per cent, trading at 2.8 cents

Surefire Resources (SRN) has reported thick, high-grade intersections from the first five holes drilled as part of a program at the Yidby Gold Project in WA.

So far, the company has drilled 18 holes, for 2791 metres, at the Yidby prospect to extend previously intersected high grades and potentially make a new gold discovery.

These previous intersections were announced late last year and included 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.

Best assays from the first few holes include 32 metres at 3.68g/t gold from 150 metres, including three metres at 26.47g/t gold from 150 metres, 83 metres at 0.64g/t gold from 112 metres, including four metres at 6.31g/t gold from 112 metres, and 16 metres at 0.88g/t gold from 18 metres, including three metres at 3.25g/t gold from 22 metres.

Pleasingly, today’s results have extended the mineralised zone both at depth and along strike. It remains open in all directions.

“These exceptional new intersections have extended the mineralised lode structures at depth and along strike to the north, and indicate increasing thickness and high-grades at depth,” Managing Director Vladimir Nikolaenko commented today.

“We eagerly await the results of the remaining holes that have also intersected multiple lode structures and indicate that we are on top of a large gold system,” he added.

Results are pending for a further 13 holes, but all samples have been sent off for assaying. Surefire has told investors to expect further results in the coming weeks.

Company shares are up 3.7 per cent, trading at 2.8 cents at 10:16 am AEST.

SRN by the numbers
More From The Market Herald
Dacian Gold (ASX:DCN) - Managing Director, Leigh Junk

" Dacian Gold (ASX:DCN) raises $20m for Jupiter exploration

Dacian Gold (DCN) will raise $20 million in extra capital for further exploration work at its Mt Morgans Gold Operation in Western Australia.

" NewPeak Metals (ASX:NPM) reports assays for Argentinian gold project

NewPeak Metals (NPM) has announced gold and silver assays for its Argentina-based Cachi Gold Project.

" Boadicea Resources (ASX:BOA) purchases tenement near Bald Hill mine

Boadicea Resources (BOA) has entered into an agreement to purchase an exploration licence, to be named Bald Hill East, located near Kalgoorlie in
NickelX (ASX:NKL) - Managing Director, Matt Gauci

" NickelX (ASX:NKL) appoints DDH1 for Biranup drilling

NickelX (NKL) shares slid after it announced the appointment of DDH1 to undertake a four-hole diamond drilling program at its Biranup Project in