Surefire to drill for gold near Sandstone

Surefire Resources is finalising a drilling program to test anomalous zones of gold mineralisation previously identified within greenstones at its Victory Bore project located near Sandstone in Western Australia’s Mid-West region.

Shallow rotary air blast holes drilled between 1995 and 1997 by Battle Mountain Gold previously defined a gold-in-soil anomaly about 4.4 kilometres long and up to 750 metres wide.

This drilling was followed by a limited reverse circulation drilling program that returned top intersections of 8 metres grading 10.2 grams per tonne gold from just 20m down-hole, 12m @ 1.6g/t gold from 56m and 4m @ 3.5g/t gold from 52m.

Additionally, a low-level aeromagnetic survey by Southern Geoscience Consultants some years ago generated 14 additional targets.

Assessment of the peak down-hole gold values from the drilling also identified one major and one minor mineralised corridor, the former of which lies between two interpreted fault-shear zones.

The size and extent of the corridor is also suggestive of a significant mineralising system, according to Southern Geoscience.

Despite this, little further exploration was undertaken and the large majority of the anomalous zones and gold targets remain untested.

Surefire completed the acquisition of Victory Bore in April this year with an eye towards its prospectivity for vanadium-enriched, titanomagnetite mineralisation.

The addition of Victory Bore to Surefire’s existing Unaly Hill deposit increased the company’s inferred mineral resource to 237.2 million tonnes grading 0.43% vanadium pentoxide.

Victory Bore and Unaly Hill host 25km of contiguous greenstones between the Sandstone and Youanmi gold mining centres, most of which is underexplored by modern methods.

Add your comment

Share Price

Closing price for the last 90 trading days
Powered by Morningstar ®

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Powered by Morningstar ®