Surefire Resources NL announced that the second tranche of assay results have been received from the recently completed RC drilling campaign. That campaign of 62 holes for 5,189m was designed to in-fill existing drill sections. It has succeeded in clearly defining three wide, continuous, and consistent Vanadium lodes.

Main Lode and Central Lode were delineated by previous drilling on 400m sections. This programme infilled a 1.4km portion of the resource to 100m spaced sections. The aim was to upgrade the resource category.

Significant new lode material was encountered that will potentially increase that resource. Drill holes targeted a south-south-westerly trending newly interpreted Banded Iron Formation (BIF) dipping 72o west within a coarse crystalline gabbro. The Main Lode is situated on the eastern side and is thick, predictable both along strike and down dip with wide consistent downhole intersection thicknesses rarely less than 50m, and up to 92m.

The vanadium pentoxide grades range from 0.41% to 0.48% V2O5. The Central Lode is situated approximately 70m to the west of Main Lode and features mineralised thicknesses varying from 24m to 64m in downhole intersections. While drilling was focussed on the Main and Central lodes, additional vanadium mineralisation was defined and called West Lode.

While the West Lode remains open to the west, it has already been shown to average 60m true width of vanadium mineralisation @ 0.23% V2O5.