Surefire Resources (ASX:SRN) begins RC drilling at Yidby Gold Project

March 14, 2023 12:46 PM AEDT | By Ankit Sethi

Surefire Resources (ASX:SRN) begins RC drilling at Yidby Gold Project — Image source: SRN ASX announcement dated 14 March 2023

Yidby drilling to build on already exciting gold results

Surefire Resources had informed last month about the booking of a drilling rig with plans to start RC drilling soon at Yidby Gold Project. Read more. Covering nearly 114 square kilometres, the project sits within the southern portion of the gold producing Yalgoo-Singleton Greenstone belt. It is to be noted that this belt is host to some of major gold deposits (multi-million ounces).

Yidby Gold Project showing proximal major Gold Resources

Source: SRN ASX announcement dated 14 March 2023

Notably, this drilling campaign is planned to follow up on previous new discoveries of Marshall and Fender reported in August last year. SRN has also previously said that the significant features of the gold discoveries at the project include wide downhole mineralisation widths and excellent metallurgy, together with high-grade Au intersections.

Now, the company has reported the commencement of drilling campaign (24 holes) at the project. The total 2,800 metres of drilling would primarily target extensions to the existing gold mineralised intercepts, besides testing structural targets generated from SRN's magnetic and gravity data, and structural interpretation from CSA Global.

Surefire maintains that the mineralised system now covers more than 3 km in strike length following Au intercepts at the Yidby, Fender, and Marshall targets.

Further, Mr Paul Burton, Managing Director of SRN, has commented that the "extent of the anomalism is significant" and thar the company is looking forward to reporting the results of the program that would be completed in a few weeks.

Source: SRN ASX announcement dated 14 March 2023

About Surefire Resources

Surefire Resources is a diverse Perth-based mineral exploration company with interests in Western Australia located vanadium, magnetite and gold projects.

The company is advancing its Victory Bore vanadium project (critical battery minerals). The project is presently in Pre-Feasibility stage. Notably, Surefire's magnetite project has up to 1B tonnes of high-grade Iron. The Yidby Gold Project is also advancing further as informed by SRN in the latest update on RC drilling and leach test work.

Stock price performance

ASX listed shares of Surefire Resources, under ticker SRN, were trading at AU$0.018 at the time of writing on 14 March 2023. On a year-to-date basis, the shares have appreciated nearly 80%.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.