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Surefire Resources (ASX: SRN) unearths three new gold targets at Yidby gold project

Highlights

  • Surefire Resources has found a large NW trending 1000m x 250m area of MMI gold in soil anomalism with peak gold grades up to 29.1 ppb Au (YS0304) at Yidby.
  • SRN surged ~6.67% to AU$0.016 a share on 6 September 2021 at 11:52 AM AEST.
  • Under the soil geochemical survey, as many as 520 samples were collected on the 100m x 25m grid and were analysed at SGS Perth using the mobile metal ion (MMI) protocol.

In an exciting update, Surefire Resources NL (ASX: SRN) has announced encouraging results from its soil geochemical survey which was conducted southeast and along strike from the Yidby gold deposit.

Must Read: Surefire Resources NL (ASX:SRN) set to kick off 2,000m RC drilling at Yidby, shares up ~7%

Welcoming the significant update on the bourses, SRN surged ~6.67% to AU$0.016 a share on 6 September 2021 at 11:52 AM AEST with a market capitalisation of AU$16.56 million.

Suggested Read: How the recent gold acquisitions might propel Surefire Resources’ growth

Soil Geochemical Survey Results

As many as 520 samples were collected on the 100m x 25m grid and were analysed at SGS Perth using the mobile metal ion (MMI) protocol, which is an advanced geochemical technique to delineate the undercover mineral deposits.

MMI Soil anomalies along strike from the Yidby Gold Deposit Source: Surefire Resources 6 September 2021

The soil geochemical results outline three discrete and large soil anomalies, including the 'Money Anomaly', over a 1000m x 250m area with a peak gold grade of up to 29.1 ppb Au (YS0304) within target T1.

Also Read: Surefire Resources going great guns at Yidby Road gold prospect

The gold grade of up to 29.1 ppb Au (YS0304) within T1 is ~58 times the background reading of ~0.5 ppb Au.

Results of the Soil Geochemical Survey along strike from the Yidby Gold Deposit Source: Surefire Resources 6 September 2021

Further, two other smaller geochemical targets were also defined adjacent to T1 and are approximately 200m x 100m wide (T2-T3). The POW submission is being designed to test the targets in the upcoming exploration programs at the Yidby gold project. The interpretation of structural controls using 1VD Aeromagnetic data included the new geochemical targets.

Important Read: Surefire Resources’ June quarter report highlights major strides across its projects

The T1-T3 drill targets have not been drill tested in the past and hold significant potential for gold discoveries across the road and along strike from the Yidby gold deposit.

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