Drill results post, page-4

The potential life-changers on Tolga Kumova’s radar in 2021


Firefly will be looking to give its recently acquired Yalgoo gold project in WA’s Murchison region a mineral resource update in the next six months.
The project has returned compelling intersections during recent drilling, including one hit of 1m at 73.3g/t gold and 22m at 5.36g/t reported in December.
In the background, it has a 1200m² strategic copper-gold landholding in the Paterson province, immediately next door to Rio Tinto’s Paterson asset.
Drilling is expected here in April, with a large target identified.
“Having this monster opportunity is really exciting,” Kumova said.
“If there’s a sniff of something there, you can probably expect the majors to come from everywhere for it.”
Firefly is also in the process of demerging its Oakover manganese project into a separate listed company called Firebird Metals, with an IPO planned for Q1 of this year.
The IPO is being carried out at a $10 million valuation – pocket change when compared with the $210 million valuation of the similarly-styled Butcherbird deposit held by Element 25 (ASX:E25) as it draws nearer to production this year.