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- Surefire Resources (SRN) shares are trading in the red on the back of results from nine drill holes carried out at its Yidby Road Gold Prospect in Western Australia
- The high-priority drilling has been carried out to follow-up testing of a mineralised zone at the prospect in WA’s southwest Murchison Province
- Notable intercepts include 26 metres at 2.02g/t gold from 126 metres including 14 metres at 3.01g/t gold and two metres at 10.05g/t gold
- Results from four remaining holes are still to come, however, SRN has already laid plans for further drilling to test the extensions of the lode structures the hopes of extending the discovery
- Surefire Resources shares are down 15.4 per cent following the news to trade at 2.2 cents
Surefire Resources (SRN) shares are trading in the red on the back of results from nine drill holes carried out at its Yidby Road Gold Prospect in Western Australia.
This particular phase of drilling was carried out in a bid to follow up and extend testing of what SRN describes as a thick and high-grade mineralised zone that has been intersected previously.
According to SRN, the new results include thick intersections with high-grade intervals from the central and southern part of the identified mineralised zone and extend discovery at depth and along strike.
The latest finds include 26 metres at 2.02g/t gold from 126 metres including 14 metres at 3.01g/t gold and two metres at 10.05g/t gold and 58 metres at 0.83g/t gold from 28 metres and seven metres at 2.07g/t gold and 10 metres at 2.48g/t gold.
Surefire said the results are the last of its high-priority holes undertaken at the prospect, with results from four remaining that were not completed to target depths to come.
In terms of next steps and following interpretation and modelling of the mineralises structures, SRN has laid plans for further drilling to test the down-plunge extensions of these lode structures to the northwest and southeast in the hopes of extending the discovery.
Surefire Resources shares are down 15.4 per cent following the news to trade at 2.2 cents at 10:41 am AEST.
