Surefire Resources NL (ASX:SRN) has put drills to ground at the Yidby Gold Project in Western Australia, undertaking a 2,500-metre drilling program across 12 holes with reverse circulation (RC) drilling rigs.
The program will test several new targets identified in an external consultant’s review of geophysical data, structural interpretations and relogging of drill chips from the project.
Drilling to target gravity anomalies
Surefire says the work has greatly improved the company’s understanding of the mineral system at Yidby, offering a better understanding of geological controls and highlighting new areas of interest.
The company has selected nine targets over high chargeability zones with a distinct correlation with the chargeability of gold mineralisation intersected to date – five have been noted as particularly high-priority.
Yidby has potential for a large gold system, being surrounded by large gold deposits including:
- Minjar Gold Project, +1 million ounces of gold, 65 kilometres to the northwest;
- Kirkalocka Gold Project, 1 million ounces of gold, 70 kilometres to the northeast,
- Mount Gibson Gold Project, 75 million ounces of gold, 30 kilometres to the south; and
- Rothsay Gold Project, 54 million ounces of gold, 30 kilometres to the west.
Surefire is advancing its gold interest in the Yidby Gold Project alongside its flagship Victory Bore Vanadium Project, one of the largest advanced Vanadium critical mineral projects in Australia.
SRN has plans to establish downstream processing for its vanadium production in the Kingdom (TADAWUL:4280) of Saudi Arabia.