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Surefire Resources (ASX:SRN) Launches Drilling at Yidby Gold Project

November 08, 2024 12:40 PM AEDT | By Sonal Goyal
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Highlights

  • Surefire Resources has commenced drilling at the Yidby Gold Project.
  • The company will drill 12 reverse circulation (RC) holes, totalling 2,500m, to test new targets south and east of the current Yidby mineralisation.
  • After completing drilling at Yidby, the rig will move to the Phat Boy copper prospect for its maiden drilling program.

Surefire Resources NL (ASX:SRN) has commenced drilling at its fully-owned Yidby Gold Project, located approximately 350km from Perth in Western Australia. The project is surrounded by major gold deposits and is emerging as a promising large gold system with wide (up to 80m) mineralised zones.

Currently, the gold anomaly extends over a 3km strike length, with the deposit open along strike and at depth, offering substantial potential for further discoveries.

New Priority Drill Targets Identified

In October 2024, the company announced that new priority drill targets have been identified, following a review of geophysical data, structural interpretations, and relogging of drill chips by external consultants.

The review has enhanced the understanding of the mineral system, identified key controls on the previously discovered gold mineralisation, and highlighted new areas where additional mineralisation may occur.

Planned Drilling Strategy

Surefire plans to drill 12 reverse circulation (RC) holes for a total of 2,500m to test new targets located south and east of the current Yidby gold mineralisation.

The drill program will target gravity anomalies along structures similar to those that produced high-grade intersects at Yidby, as well as a fold nose gravity structure and a highly conductive IP anomaly.

Drilling at Phat Boy Copper Prospect

Once drilling at Yidby is complete, the rig will be moved to the Phat Boy copper prospect, where the maiden drill program will focus on analysing a large copper geochemical anomaly, which is coincident with zinc soil anomalies.

SRN shares traded at AU$0.004 each on 7 November 2024.


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