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Surefire Resources (ASX:SRN) has highlighted to the market its most recent 20 metre drill hit for 1.73g/t gold at the Western Australian Yidby Project.
Located atop the Yalgoo-Singleton Greenstone Belt in WA’s Murchinson province, Surefire interprets Wednesday’s results as piecemeal evidence of an ongoing continuity of mineral systems underground supporting similar closeby “high-grade” intercepts.
All in all, Surefire is working towards establishing a shallow open-cut mine which would thereafter become a heap leach operation.
The company pointed to promising metwork results from earlier in 2024, asserting data “confirmed… under-reporting of grades.”
The most recent drill run from which Wednesday’s results were plucked came in at a total of 13 RC drillholes for 1,782m in total with 4m sections sent off to labs.
The company has been sniffing around an area some 3km in strike and 80m wide at the known max anomalous for trace amounts of gold (backed up by geophys electromag data.)
While nearology is hardly a reliable science, the company also pointed to its situation in proximity to other gold producing assets in the region (the nearest flagged was 30km away.)
“The results from the 4m composites are encouraging and continue to show mineralisation extending beyond our previous intersects,” Surefire MD Paul Burton said.
“The 1m are now being assayed with results expected in the coming weeks.
“The project has clear mineralising trends now evident which provide targets for future drilling as the project evolves into what the company plans as a low-cost heap leach operation”.
SRN last traded at 0.4cps.
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