- Surefire Resources (SRN) has commenced its major drilling program at the Yidby Road gold prospect in Western Australia
- The company is planning of drilling up to 40 reverse circulation holes for up to 6000 metres, with an aim to extend the previously intersected zone
- The first drill rig has already started at the northern extensions with a second rig arriving at the site soon
- On the market this morning, Surefire is down 3.70 per cent and is trading at 2.6 cents per share
Surefire Resources (SRN) has commenced its major drilling program at the Yidby Road gold prospect, within the Yidby Gold Project.
The company is planning of drilling up to 40 reverse circulation (RC) holes for up to 6000 metres, with an aim to extend the previously intersected zone.
This announcement comes after the company was granted approval for the drilling program last month.
Currently, the gold mineralised zones at the project have only been tested for a 150-metre strike length.
The first drill rig has already started at the northern extensions with a second rig arriving at the site soon.
Yidby is located in the Murchison Province of Western Australia, near the Extension Hill iron ore mine and the Mount Gibson Gold Mine.
“The commencement of this major new drilling program at Yidby Road will allow Surefire to expand and define this significant new gold discovery,” Managing Director Vladimir Nikolaenko said.
“In parallel with the current drilling we will also be planning a program to test the regional scale mineralised corridor identified in geophysical imagery, that may extend for up to 5 kilometres within the Surefire tenements,” he added.
On the market this morning, Surefire is down 3.70 per cent and is trading at 2.6 cents per share at 11:33 am AEDT.