The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Surefire Resources (SRN) starts drilling at its Yidby gold project in Western Australia
  • The reverse circulation drilling program will include 24 holes of variable depths up to 200 metres for a total of 2800 metres
  • Surefire aims to target extensions to its existing gold mineralised intercepts and to test structural targets generated from its magnetic and gravity data and structural interpretation from CSA Global
  • The company expects the drilling to be completed within a few weeks
  • Shares in SRN are trading at 1.8 cents at 12:34 pm AEDT

Surefire Resources (SRN) has started drilling at its Yidby gold project in Western Australia.

The reverse circulation drilling program will include 24 drill holes of variable depths up to 200 metres for a total of 2800 metres.

Surefire said the program aimed to target extensions to its existing gold mineralised intercepts and to test structural targets generated from the company’s magnetic and gravity data, as well as the structural interpretation from leading mining and geological consultant CSA Global.

“This is a much-anticipated drilling program to build on the already-exciting gold results following the discovery of mineralisation by Surefire,” Surefire Managing Director Paul Burton said.

“The extent of the anomalism is significant, and we look forward to reporting the results of this program and the leach testwork underway.”

The total project area covers 114 square kilometres and lies within the southern area of the gold-producing Yalgo Singleton Greenstone belt, hosting multi-million-ounce gold deposits.

Shares in SRN were trading at 1.8 cents at 12:34 pm AEDT.

SRN by the numbers
More From The Market Online
The Market Online Video

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Pharmaceutical companies can bring new hope to patients by delivering solutions to unmet medical needs. They…

Market Close: ASX inks 2 red days to finish off the week as sentiment stalls

There hasn’t been much change today. The market plunged and has hovered around 1.1% down ever…

Week 21 Wrap: NVIDIA’s profits are up 600% – but this time, the market didn’t really care

Not long now, and we'll be at the halfway point of the year. And while it…
The Market Online Video

Market Update: Energy the sole green sector as dull US mood sours Friday down under

The ASX is down nearly 1.10 per cent mid-session as Australian traders follow the lead of…