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Surefire Resources NL ( (AU:SRN) ) has provided an update.
Surefire Resources NL has reported a new near-surface gold discovery dubbed “Loot” at its Yidby Gold project, with rock chip samples from a previously unexplored felsic albitite unit returning grades of 1.70 g/t, 3.66 g/t and 12.04 g/t gold. The work validates historic 1970s Western Mining Corporation sampling and outlines a previously untested two-kilometre mineralised corridor north of the main Yidby deposit, enhancing the project’s exploration upside and supporting an ongoing 10,000-metre reverse circulation drilling program aimed at extending existing mineralisation and testing new targets.
The most recent analyst rating on (AU:SRN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Surefire Resources NL stock, see the AU:SRN Stock Forecast page.
More about Surefire Resources NL
Surefire Resources NL is an Australian exploration company focused on gold assets in the Mid-West region of Western Australia, where it owns 100% of the Yidby Gold project. The company targets structurally controlled and intrusion-related gold systems, aiming to expand its resource base through systematic drilling and evaluation of historically underexplored ground.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.04M
Learn more about SRN stock on TipRanks’ Stock Analysis page.