Surefire Resources NL (ASX: SRN | FSE: GBL): Broad High-Grade Gold Intercepts Advance Yidby Project 🟡⛏️
Surefire Resources has strengthened its gold exploration story after delivering broad and high-grade gold intercepts from the Yidby Gold Project in Western Australia, positioning the Company to capitalise on record gold prices while maintaining long-term exposure to critical minerals through its Victory Bore Project.
🔧 Key Developments – Yidby Gold Project
Broadest gold intercept recorded at Yidby to date
Mineralised zones up to 80m wide over a 3km strike length
System remains open along strike and at depth
Follow-up drilling planned for Q1 2026
⛏️ Standout Drill Results
108m @ 0.61 g/t Au from 71m (YBRC136), including:
12m @ 1.01 g/t Au from 164m (YBRC137)
High-grade hits across the project up to 82 g/t Au
Broad + high-grade mineralisation supports near-term development
Shallow, road-accessible project in a proven gold belt
Strong gold price environment enhances project economics
Geological interpretation suggests repeat zones at depth
💬 Vladimir Nikolaenko, Executive Chairman:
“With gold prices above A$6,000/oz, Yidby is shaping as a near-term production opportunity capable of delivering meaningful cash flow.”
Victory Bore Vanadium–Titanium–Iron Project hosts 464Mt JORC resource
Pre-Feasibility Study delivers A$1.7B NPV and 42% IRR
Downstream processing plans advancing with international partners in KSA
Additional upside from green magnetite projects
Surefire Resources last traded at $0.002, valuing the Company at approximately $8.05M With continued drilling success at Yidby, strong market conditions for gold, and a diversified critical minerals portfolio anchored by Victory Bore, Surefire offers investors high leverage to exploration success and longer-term development at a modest market valuation.
🔗 Read more: https://colitco.com/surefire-resources-nl-delivers-broad-high-grade-gold/
⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.