Highlights

• Surefire has identified new priority drill targets at the Yidby Gold Project in WA.
• The company has delineated nine new high-priority drill targets from IP and structural reinterpretations.
• Surefire will plan a drill program to coincide with the copper anomaly drilling at the Phat Boy prospect.

 Surefire Resources NL (ASX:SRN), a mineral exploration company based in Western Australia, has identified new priority drill targets at its wholly-owned Yidby Gold Project.

The Yidby Gold project is situated about 350 km from Perth in Western Australia. It is surrounded by significant gold deposits.

Surefire had engaged external consultants to review the Induced Polarisation (IP) survey, conduct structural interpretations of diamond drill cores, and analyse re-logged drill chips.

CSA Global (CSA) was tasked with reviewing structural data from five diamond drill cores. This analysis indicated the likely presence of two different styles of gold mineralisation.

• Quartz vein hosted, with stockwork
• Felsic porphyry and associated quartz-sulphide vein hosted

Additionally, Surefire commissioned Dr. Nigel Maund to conduct a selective re-logging of Reverse Circulation (RC) percussion drill chips from the Yidby Gold project. Dr. Maund identified at least four distinct phases of stockwork vein development. He noted that porphyry dykes served as focal points for more intense stockwork formation, indicating complex mineralisation processes in the area.

Key Findings from Recent Analyses

• The re-interpretation of the IP survey identified high chargeability zones that correlate strongly with the gold mineralisation encountered so far. This analysis recommended five high-priority drill targets.
• CSA's structural interpretation indicated the possibility of downdip extensions to the porphyry and stockwork mineralised system. It led to the recommendation of four high-priority drill targets.
• The re-logging supported both the IP and structural interpretations. It highlighted the potential for depth extensions of the current mineralisation and the likelihood of discovering a larger mineralised system at depth to be tested.

Moving forward, SRN plans to develop a drill program for the nine high-priority targets at Yidby. It will submit a Program of Works (PoW) to the West Australian Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) for this initiative. This plan will be coordinated with the upcoming drilling of copper anomalies at Phat Boy.

The stock traded at AU$0.006 at the time of writing on 17 October 2024, up from the last close of AU$0.005.