Surefire Resources announces RC assay results at Yidby gold project in WA
Yahoo Finance·2025-12-18 15:12

Core Insights - Surefire Resources has reported new assay results from the reverse circulation drilling at its Yidby gold project in Western Australia, indicating a promising gold system that remains open for further exploration [1][2] Exploration Results - The latest drilling results show a high-grade intercept of 1m at 15.83 grams per tonne (g/t) gold in RC hole YBRC136, marking the broadest intersection of gold mineralization in the project's history, with a total envelope of 108m at 0.61g/t gold from 71m [2][3] - Additional significant high-grade zones in YBRC136 include 35m at 1.35g/t gold from 71m, 1m at 15.83g/t gold from 80m, 2m at 10.72g/t gold from 100m, and 6m at 4.29g/t gold from 177m, which includes 2m at 12.54g/t gold [3] - RC hole YBRC137 returned 12m at 1.01g/t gold from 164m, including 4m at 1.62g/t gold from the same depth [3] Future Plans - The company plans to conduct additional drilling in Q1 2026 to enhance understanding of the project before initiating feasibility studies aimed at bringing the project into production [4][5] - The Yidby gold project is positioned for potential near-term production, with current gold prices exceeding A$6,000/oz, which could generate significant cash flow for the company [4]

Surefire Resources announces RC assay results at Yidby gold project in WA - Reportify