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Surefire Resources (ASX: $SRN) reports excellent gold recovery results

Overview of Surefire Resources' Yidby Gold Project


Surefire Resources NL (ASX: $SRN) has announced the final results from the metallurgical column leach test work carried out at its 100% owned Yidby Gold Project, located northeast of Perth near Paynes Find on the Great Northern Highway in Western Australia. The test work revealed a 68% increase in gold content above previous drill assay results, indicating a significant underreporting of previous gold grades. The project, situated in the Yalgoo-Singleton Greenstone Belt in the Murchison Province of the Yilgarn Craton, contains significant mineralised zones and has the potential for a low-cost heap or vat leach operation.

Managing Director's perspective on the test work results


Managing Director Paul Burton expressed, 'Metallurgical test work results always provide more reliable and insightful information than original drill results. For Yidby, these results are very encouraging and provide a solid step up for the project at a time when Gold is of increasing value. This continues to be a great asset for the Company and I look forward to presenting further updates on this exciting project.'

Summary of Metallurgical Testwork Results and Outlook


The metallurgical test work at Surefire Resources' Yidby Gold Project has demonstrated an excellent 68% increase in gold content above previous drill assay results, indicating a significant underreporting of previous gold grades. The results also revealed a 66.3% gold recovery on a very coarse crush size of 100% passing 6.3mm, with potential for further improvement through a finer crush size. The project's proximity to other gold deposits and the presence of multi-million-ounce gold deposits in the region bode well for its future prospects. The Company's Managing Director expressed optimism about the project's potential, highlighting the increasing value of gold and the encouraging nature of the test work results. The outlook for the Yidby Gold Project appears promising, with the potential for a low-cost heap or vat leach operation and the likelihood of further updates on this exciting project.

SUREFIRE RESOURCES NL
SRN | ASX | Materials
0.007-0.0005(-6.67%)
At close 05/07 (AEDT)
Market cap
$14.9M
Volume
6,631,877
DY Yield
0
PE Ratio
0
52 Week Range
0.007 - 0.022
1YR Return
250%

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