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FIREFLY RESOURCES (FFR)

Firefly enhances Yalgoo Project with strategic acquisition New tenement package includes further untested high-grade historical mines and consolidates coverage of extensive mineralised shear zones Further to its recent announcements regarding the acquisition of the Yalgoo Gold Project (YGP) and commencement of resource drilling at the key Melville Gold Deposit, Firefly Resources Ltd (ASX: FFR; Firefly or the Company) is pleased to announce it has acquired a strategic tenement package containing additional untested historical high-grade gold mines in the Yalgoo goldfield (“the Holland Acquisition”.

The new acquisition covers 4.5km2 of folded greenstone bedrock stratigraphy containing at least four historical high-grade gold mines (shafts) and a number of alluvial gold “patches” thought to be derived from the weathering of the related outcropping mineralised structures (Figure 2).


Firefly management has validated the presence of both hard-rock and alluvial gold during due diligence conducted on the Holland Acquisition. The acquisition includes five tenements, two Mining Leases, and three Prospecting Leases, located immediately along-strike from the two main mineralised trends at Yalgoo, namely the Brilliant or “Northwest” and the Melville or “North” trends as well, as the folded inflection point between the two trends which may represent a significant regional-scale gold target in itself.

Commenting on the acquisition, Firefly Managing Director, Simon Lawson, said: “The Holland Acquisition further expands and consolidates the footprint of the Yalgoo Gold Project. The transaction gives Firefly ownership of another four small-scale high-grade historical gold mines to explore and grow, as well as a fully self-contained exploration base from which our exploration team can operate. “The new package includes the along-strike projected extensions of a number of existing historical mines and prospects that formed part of our initial Yalgoo Gold Project transaction.”