24/11/2020 - 15:23

Surefire snaps up more Mid West gold ground

24/11/2020 - 15:23

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ASX-listed gold explorer, Surefire Resources, has picked up the first of several tenements it is looking to secure near the town of Perenjori in the Mid West region of WA. The Perth-based company was this week granted the 69-square-kilometre patch of under-explored territory in the Koolanooka Greenstone Belt that has returned intriguing hints of gold from a limited amount of historical drilling.

ASX-listed gold explorer, Surefire Resources, has picked up the first of several tenements it is looking to secure near the town of Perenjori in the Mid West region of WA. The Perth-based company was this week granted the 69-square-kilometre patch of underexplored territory in the Koolanooka Greenstone Belt that has turned up intriguing hints of gold from a limited amount of historical drilling.

Surefire also hopes to land an additional 557 square kilometres of ground comprising six more tenements, which are under application and if approved, will also come under its Perenjori project umbrella.

The company’s newly granted tenement is located 16km north-east of Perenjori and contains known gold and copper occurrences. It takes in the southern termination of a V-shaped greenstone structure referred to as the Feral prospect.

Notable historical RC intersections from drilling carried out at Feral by Sons of Gwalia were 1m going 11.6 grams per tonne gold from 40m, 28m at 0.72 g/t from 8m including 4m at 1.24 g/t, and 2m at 2.15 g/t from 18m.

Previous rock chip sampling work undertaken by Hunter Exploration and SOG also registered encouraging gold values of up to 4.3 g/t and 8.05 g/t, respectively, over a 6km strike length. Channel sampling done by Hunter also struck intervals of 33m at 0.21 g/t gold and 30m at 0.22 g/t.

According to Surefire, the new tenement covers a key portion of the Koolanooka Greenstone Belt, which sits within typical granite-greenstone terrains of the southern Murchison geological province of the Archaean Yilgarn Craton.

The Perenjori project area is considered prospective for gold and base metal mineralisation with geological similarities to the Golden Grove minerals district to the north-east. Surefire is chasing the gold and base metals anomalies in Perenjori’s north-south-trending banded iron formation structures shown up by aeromagnetics.

Also in the Mid West, south of the historic Paynes Find gold mine, the company has just completed a maiden RC drilling program at its recently acquired historic Yidby gold project.

A total of 20 holes were drilled for an aggregate of 1,687m targeting significant gold intercepts from historic drilling at the Yidby Road, Cashen’s Find and Delaney Well prospect areas.

Surefire says most of the holes at Yidby encountered strong veining with metal sulphide mineralisation, supporting descriptions in reports on the historic drilling.

Western Mining Corporation, Normandy Gold and Minjar Gold each returned very reasonable gold hits from their Yidby Road drilling campaigns. Better intercepts were 5m at 13.10 g/t gold from 90m, 37m at 1.57 g/t from 25m including 5m at 4.49 g/t from 35m, 8m at 2.57 g/t from 109m including 3m at 5.58 g/t from 113m, 15m at 2.02 g/t from 62m including 7m at 3.23 g/t from 62m, and 20m at 1.13 g/t from 28m including 4m at 4.15 g/t from 32m.

According to Surefire, while the historic drilling uncovered broad, high-grade intersections, the gold mineralisation still appears to be open in several orientations.

The Yidby project is situated on the southern end of the Yalgoo-Singleton Greenstone Belt that plays host to significant gold, base metals and iron ore mineralisation and projects.

Assay results from the company’s maiden drilling at Yidby are pending.

 

Is your ASX listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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