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Highlights
- Gold mineralisation at the Yidby Gold Project has extended over 500m to the southeast, with widths reaching up to 36m.
- Recent drilling results suggest the presence of a larger system than previously interpreted.
- Drill holes YBRC109 and YBRC110 confirm additional mineralisation in the southern extension of the porphyry system.
- SRN plans to undertake a scoping study for a heap leach operation and further extensional resource drilling.
Surefire Resources NL (ASX:SRN) has reported promising drilling results, highlighting an extension of gold mineralisation by over 500m to the southeast at its wholly owned Yidby Gold Project, Western Australia.
The results show mineralisation widths of up to 36m, suggesting a significant mineralising event that is not confined to narrow, late-stage veining. This indicates the presence of a broader system than previously interpreted.
Drill holes YBRC109 and YBRC110, located on the southerly extension of the porphyry system, returned the following intersections:
Image source: Company update
Details of the drilling program
The Yidby Gold Project is emerging as a substantial gold system, with mineralised zones reaching up to 80m in width and anomalous gold extending over a 3 km strike length. In October 2024, the company announced new priority drill targets. Following this, 14 RC drill holes, covering 1,782m, were completed.
Samples were collected at one-metre intervals, with a 4m composite sample submitted for initial laboratory assay.
Earlier results from drill holes YBRC102 and YBRC103 revealed significant gold intersections:
- 32m @ 0.25g/t gold from 32m
- 20m @ 1.73g/t gold from 80m
These results extended the known gold zone along strike, with mineralisation remaining open.
The drilling program at the Yidby Gold Project was based on a reinterpretation of a previous Surefire residual gravity image. Based on this reinterpretation, the company planned follow-up drilling to target a 700m-long southern extension of the Yidby prospect.
The results indicate the presence of a wide gold mineralised channel, located near the high-grade Yidby Gold Prospect.
Data source: Company update
Looking ahead, the company plans to commence a scoping study for a heap leach operation and a maiden JORC resource. Moreover, pending satellite targets will be reviewed for potential further exploration drilling.
SRN shares traded at AU$0.003 per share at the time of writing on 29 January 2025.
