SRN surefire resources nl

Ann: Major exploration campaign to commence at Yidby Gold, page-11

  1. 2,980 Posts.
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    When I first read this I really did not pay attention to our neighbours. I was very happy to see that with gold prices skyrocketing that management are concentrating on Yidby with latest techniques suited to our project,

    The Company has recently advanced its targeting methodology with mineralogical mapping using the Geotek
    Boxscan system at Galt Mining Solutions (Galt) has identifier new mafic lithologies which also carry gold. These
    have produced new targets at depth which could extend the current gold system extensively.

    However it is our $4b market cap neighbours Capricorn that now intrigues me more. We are in the heart of some serious big gold finds and Capricorn have recently in March 25 bought Kings Find Project which is just next door North of Yidby Gold. It also shares the same border next to our Copper Hill Project. Have a look at their 13 March announcement to see how close their new targets are to our tenements.

    I have extracted below part of their announcement that I found interesting, and I would think an imaginary border between us does not stop this mineralised zone not to extend to our side.

    Capricorn has identified four drill ready target zones for exploration within the Kings Find Project.
    This zone is geologically analogous to the main mineralisation of the Mt Gibson deposit, featuring
    historic workings in shear zones along a contact of metamorphosed and chlorite-biotite-muscovite
    altered mafic volcanics. Additional data has revealed geological settings favourable for shearhosted as well as felsic volcanic rocks that have the potential to host volcanogenic copper-leadzinc sulphide mineralisation similar to that of Golden Grove.
    Last edited by Thadius: 18/04/25
 
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