PriceSensitive

Surefire Resources (ASX:SRN) to recommence drilling at Yidby

Mining
ASX:SRN      MCAP $19.86M
30 August 2021 11:30 (AEST)

Source: Surefire Resources

Surefire Resources (SRN) will recommence drilling at the Yidby Gold Deposit in the mid-west region of Western Australia.

Over the last two months there has been a series of storms and heavy rain that has delayed drilling at the project.

These weather conditions with the lack of drill rig availability and labour shortages due to the commodity boom is why drilling activities have not re-commenced until now.

The exploration program will include around 15 holes for 2000 metres of reverse circulation drilling to continue testing the along-strike and down-dip extensions of the deposit.

Additionally, Arvista Aerial & Terrestrial Surveying Services is expected to complete an aerial drone survey at Yidby by September 15.

This survey will collect photogrammetry and digital terrain model data to help progress a JORC 2012 maiden resource at the deposit.

Managing Director, Vladimir Nikolaenko, was eager to recommence the drilling program.

“We will be testing the gold bearing structures within this wide 400-metre corridor with an east-west reverse circulation fence line. This may identify new mineralisation along strike to the NW of the main ore body in a network of parallel shears.”

Surefire’s shares were trading steady at 1.5 cents at 12:50 pm AEST.

Related News