Surefire Resources NL (ASX: SRN) Reports Strong Geochemical Results
Geochemical Results Overview
Surefire Resources NL (ASX: SRN) has reported significant geochemical assay results from its Copper Hill project in Western Australia. The maiden scout drilling program resulted in copper values reaching a maximum of 2,010ppm and sulphur levels increasing to 27,270ppm, indicating a promising presence of disseminated sulphides beneath surface geochemical anomalies.
Drilling Program Details
The company completed the drilling program over a 3km x 2km target area, intersecting black volcanic derived meta-sediments that contain thick zones of disseminated sulphides. A total of 11 reverse circulation drill holes were completed, yielding positive results, particularly from drill hole PBRC010. This hole recorded copper results increasing from 1,695ppm to 2,010ppm from depths of 32m to 62m.
Next Steps for Mineral Exploration
The successful assay results have encouraged Surefire Resources to advance its exploration strategy. A geophysical survey is planned to locate potential massive sulphide targets, with electromagnetics and induced polarization techniques to be employed. Further drilling will also target the previously untested area T4.
Executive Comments
Paul Burton, Managing Director of Surefire Resources, expressed optimism about the results: “The results from the 4m composites are encouraging and continue to show increasing grade of copper mineralisation extending almost an order of magnitude beyond our previous geochemical results.” He emphasised the importance of the sulphur association as vital for the project’s future developments.
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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