- Surefire Resources (SRN) defines a large gold soil anomaly at the Yidby Gold Project in Western Australia
- Recently, the company completed a soil sampling program with 520 samples collected and analysed at SGS Perth using the mobile metal iron process
- These results were then plotted on a heat map which led to identifying three discrete and significant soil anomalies
- The largest anomaly spans an area of one kilometre by 250 metres and returned a peak value of 29.1 parts per billion (ppb) gold
- Surefire ends the day a healthy 13.3 per cent per cent in the green with shares trading at 1.7 cents
Surefire Resources (SRN) has defined a large gold soil anomaly at the Yidby Gold Project in Western Australia.
The Yidby Gold Project is situated within the southern portion of the Yalgoo-Singleton Greenstone Belt which lies 320 kilometres northeast of Perth.
On August 30, the company announced it had restarted drilling at the project to continue testing the along strike and down-dip extensions.
The restart was delayed due to a series of heavy storms over the past two months, labour shortages and drill rig availability.
Recently, Surefire completed a soil sampling program with 520 samples collected and analysed at SGS Perth using the mobile metal iron process.
This process is helpful in locating undercover mineral deposits.
These results were then plotted on a heat map which led to the identification of three discrete and significant soil anomalies.
The largest anomaly spans an area of one kilometre by 250 metres and returned a peak value of 29.1 parts per billion (ppb) gold.
The other two anomalies measure areas of roughly 200 metres by 100 metres.
Surefire is now in the process of submitting a program of works submission to test these targets in future exploration programs.
Managing Director Vladimir Nikolaenko was excited about the identification of these anomalies.
“We are very excited to define such a large gold geochemical anomaly directly along strike and across the road from the Yidby Gold Deposit,” Mr Nikolaenko said.
“We can now add these additional exploration targets to the portfolio and drill test these alongside the development of the Yidby Orebody.”
Surefire has ended the day a healthy 13.3 per cent in the green with shares trading at 1.7 cents in a $16.56 million market cap.