Highlights

• Surefire Resources has launched a major exploration campaign at its 100%-owned Yidby Gold project.
• Exploration campaign covers a 140 km² tenure, including a 5,000m RC and 2,000m diamond drilling program.
• Key target includes "Money Anomaly," a 1km x 500m soil and stream sediment gold zone.
• Discussions are advancing with international groups for the Victory Bore project.

Surefire Resources (ASX:SRN), an Australian mineral exploration company, has announced the launch of a major exploration campaign at its 100%-owned Yidby Gold Project.

Located in the Murchison region of Western Australia, the Yidby Gold project is an emerging gold system surrounded by multi-million-ounce gold deposits. To the south, only 30km away, lies Capricorn Metals’ Mt Gibson deposit, which contains 3.9 million ounces of gold, situated within the same greenstone belt. Recently, Capricorn Metals increased its land tenure, now surrounding Surefire’s Yidby tenements.

Exploration Campaign Plans: Key Targets and Focus

Surefire’s exploration campaign across its 140 km² tenure will include a 5,000m RC and 2,000m diamond drilling program aimed at testing new targets and extending the known mineralisation.

One of the key targets is the "Money Anomaly," a 1km x 500m soil and stream sediment gold zone located 1km southeast of the known Yidby Gold mineralisation.

Additionally, new targets within the Yidby Gold system have been identified through detailed multi-element geochemical mapping, utilising the Geotek BoxScan system from GALT Mining Solutions.

Reflecting on the development, Surefire’s Managing Director, Paul Burton said, “The “Money Anomaly” where MMI combined with very high Gold in stream results is an absolute stand-out and we are looking forward to putting boots on the ground there as soon as possible. The new targets generated from Boxscan are compelling confirming the Yidby gold project has significant upside to extend known mineralisation. With metallurgical work already completed this will advance the project significantly at a time when Gold prices are at an all-time high, placing Yidby as one of the better undeveloped gold projects in the Murchison district.”

Planned Work Activities

To advance the project, Surefire has outlined the following key activities moving forward:

• Further drilling to expand high-grade zones and test newly identified targets.
• Conduct deep drilling to assess extensions of known mineralisation.
• Incorporate the latest assay results into modelling to improve confidence in gold estimates and evaluate the economic viability of mining operations.
• Perform further geophysical surveys, if required, to refine drilling targets.
• Expand soil sampling and mapping to uncover new mineralised zones.
• Engage with regulatory bodies and local stakeholders for project approvals.
• Assess infrastructure and logistics for potential development scenarios.

In addition, Surefire is continuing discussions with Saudi Arabian, European, and London based groups for its Victory Bore project.

The share price of SRN was AUD 0.003 on 10 April 2025.