Surefire Resources could be set to kick off the new year with a fresh bit of kit after picking up close to 160 square kilometres of prospective gold ground, some 300 kilometres from Perth. The company says its newly acquired Perenjori West tenement is significantly underexplored and historical work by Sons of Gwalia and BHP has unveiled anomalous gold in bulk leach extractable gold or “BLEB” soil samples with grades up to 1 gram per tonne.
The Perth-based company put its foot on its new landholdings through a newly acquired exploration license that will allow Surefire to instigate a precious metal expedition across a largely under-explored region in Western Australia. According to Surefire, the soil-covered ground hosts a string of structural targets that stretch across an extensive area.
The company will be hoping its latest acquisition can deliver the goods with previous BLEG sampling in the 1980's, revealing solid gold grades on and in the vicinity of a pair of lithological contacts and a major fault zone that cuts across the Perenjori West tenement.
Developed some 40 years ago, BLEG is a geochemical sampling analysis process used in gold exploration to address concerns relating to the accurate measurement of fine-grained gold. A BLEG analysis involves digesting or leaching a sample with a cold cyanide solution for several days. The gold contained within the sample is then dissolved as a cyanide complex. The leachate is then concentrated in a solvent exchange process and analysed.
Surefire says despite historically encouraging results, many of the highly prospective anomalies peppered across the Perenjori West tenement remain untested by previous explorers due to the low price of gold at the time.
According to the company, analysis of the regional magnetics across the ground indicates a significant portion of the tenement sits in the western shadow of its high-grade magnetite rich banded iron formation, or “BIF” that lies on another exploration lease.
The company now plans to assemble a team of industry specialists to kick-off local-scale magnetics to unlock the potentially hidden treasures of the BIF and soil-covered features.
Surefire’s new ground sits some 100km from its Yidby Road gold deposit, where the company recently intersected broad zones of sulphides through an RC drilling campaign. The work at Yidby saw Surefire sink 22 RC holes totalling 2,298 metres to extend its existing Yidby deposit. Previous hits at the deposit include 40m going 3.01 g/t gold from 24m.
With a new piece of largely uncharted ground to explore, Surefire has plenty on its plate kickstart the new year and its team are likely chomping at the bit to get stuck in.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
