Surefire Resources NL (ASX:SRN) Reports Promising Drilling Results
Significant Drilling Results
Surefire Resources NL (ASX:SRN) has reported encouraging results from its latest drilling program at the Yidby Gold Project. The highlights include a notable intersection of 20m at 1.73g/t gold, demonstrating the continuity of high-grade mineralization within the area. The Yidby Gold system has been extended further, confirming the potential of this emerging gold system located in the Mid-West of Western Australia.
Successful Drilling Program
A total of 13 reverse circulation drill holes were completed, totaling 1,782 meters. The drilling was designed to explore new targets identified through geophysical data reviews and structural interpretation. The recent holes YBRC102 and YBRC103 have delivered promising results, with multiple intercepts confirming gold presence at varying depths.
Metallurgical Tests and Future Operations
Earlier metallurgical test work completed in 2024 highlighted that previous assays may have underestimated gold content due to coarse gold present in the samples. This work showed excellent recoveries, reinforcing plans for a shallow open-cut heap leach operation, aiming for cost-effective extraction strategies.
Management’s Comments
Paul Burton, Managing Director of Surefire Resources, stated, “The results from the 4m composites are encouraging and continue to show mineralisation extending beyond our previous intersects. 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.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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