SRN - Surefire Resources

[greggles]

SRN up over 25% today following the release of a Work program Update.

In short:

• MMI gold anomoly drill testing is progessing at the Yidby Gold Project
• Diamond drill rig has arrived on site at the Victory Bore Vanadium Project
• Site Preparation for RC drilling is underway at the Victory Bore Vanadium Project
• At the Perenjori Premium Iron Project extended area Plan of Work for metallurgy & resource infill drilling is nearing approval

SRN moving forward on all fronts. News flow should start to increase in the coming weeks.

 

[frugal.rock]

Chart update

 

[Dona Ferentes]

THE Triangle dropped this elsewhere in ASF.

Further inspection; where are we?

the excitement of 10 months ago seems to have waned.

During the quarter the Company has progressed across multiple projects including the drill results at Victory Bore Vanadium and resource modelling underway to enable Prefeasibility Studies on the project. Diamond drilling designed to improve the understanding of the controls of mineralisation was completed at Yidby. Anomalous rare earth results were discovered within the Perenjori licence area.

Cash on hand is about $3m, and they spent just under $1m in the 3 months. As well as interests in iron ore and REE acreage in WA, Highlights of the Quarter are:
VICTORY BORE VANADIUM

• Assay results received from the 5,188 metres (m) infill drilling program
• Results show excellent continuity of vanadium zones with wide vanadium intersections with widths of up to 92m @ 0.41% vanadium pentoxide (V2O5 )
• Discovery of new mineralised lode system designated West Lode
• Three distinct parallel mineralised lodes now identified, greatly increasing potential for a significantly larger resource
• Infill drilling and new metallurgical testwork designed to progress project to Prefeasibility level
• Resource modelling on drill results underway

YIDBY GOLD PROJECT

• Five Diamond Drill (DD) holes designed to provide information on controls of mineralisation completed across Project
• CSA completed core logging and have provided initial draft Report
• Report currently being reviewed by the Company
• Metallurgical tests on Reverse Circulation (RC) composite samples gave excellent results including:

- Gold total recoveries between 97.6% and 99.5%
- Rapid gold leach with the majority of gold extracted in 2 to 4 hours
- High gravity recoverable gold from 43.2% to 67.0%
- Low reagents consumptions

 

[Miner]

THE Triangle dropped this elsewhere in ASF.

View attachment 152890

Further inspection; where are we?

the excitement of 10 months ago seems to have waned.
View attachment 152891

During the quarter the Company has progressed across multiple projects including the drill results at Victory Bore Vanadium and resource modelling underway to enable Prefeasibility Studies on the project. Diamond drilling designed to improve the understanding of the controls of mineralisation was completed at Yidby. Anomalous rare earth results were discovered within the Perenjori licence area.

Cash on hand is about $3m, and they spent just under $1m in the 3 months. As well as interests in iron ore and REE acreage in WA, Highlights of the Quarter are:
VICTORY BORE VANADIUM

• Assay results received from the 5,188 metres (m) infill drilling program
• Results show excellent continuity of vanadium zones with wide vanadium intersections with widths of up to 92m @ 0.41% vanadium pentoxide (V2O5 )
• Discovery of new mineralised lode system designated West Lode
• Three distinct parallel mineralised lodes now identified, greatly increasing potential for a significantly larger resource
• Infill drilling and new metallurgical testwork designed to progress project to Prefeasibility level
• Resource modelling on drill results underway

YIDBY GOLD PROJECT

• Five Diamond Drill (DD) holes designed to provide information on controls of mineralisation completed across Project
• CSA completed core logging and have provided initial draft Report
• Report currently being reviewed by the Company
• Metallurgical tests on Reverse Circulation (RC) composite samples gave excellent results including:

- Gold total recoveries between 97.6% and 99.5%
- Rapid gold leach with the majority of gold extracted in 2 to 4 hours
- High gravity recoverable gold from 43.2% to 67.0%
- Low reagents consumptions

Gold recovery 99.5%!!
Have to read details and flow sheet.

 

[debtfree]

Quick flick through a scan brought up SRN which I've selected for the April Tipping Comp. Will it continue up like April last year? Fingers crossed.

Outperforming the XAO over the last month ...... S/T EMAs > L/T EMAs, so going in the right direction at the moment and a bit of interest with volume increasing with price increases.

 

[Miner]

Quick flick through a scan brought up SRN which I've selected for the April Tipping Comp. Will it continue up like April last year? Fingers crossed.

Outperforming the XAO over the last month ...... S/T EMAs > L/T EMAs, so going in the right direction at the moment and a bit of interest with volume increasing with price increases.

View attachment 155289

@debtfree - any commentary on today's fall price as it looks like some incorrect interpretation or below expectation with the market tod report today.
I put a buy order at 0.019 thinking it will never happen and forgot about it until the buy order came as executed.

 

[debtfree]

@debtfree - any commentary on today's fall price as it looks like some incorrect interpretation or below expectation with the market tod report today.
I put a buy order at 0.019 thinking it will never happen and forgot about it until the buy order came as executed.

No not really @Miner, only ?. All the best with your trade mate .

I seen SRN was losing momentum the last couple of weeks and also the overall market was heading the same way.
Peter2's MACD Market Trend is heading for a crossover from 2 to 3 so I wasn't expecting too much.