Surefire Resources (ASX:SRN) has announced the second tranche of assay results have been received from the recently completed RC drilling campaign, with 67% of assays now received.
Surefire Resources says intersections of up to 70m @ 0.43% vanadium pentoxide were discovered, as well as three parallel mineralised lodes within a broad mineralised zone.
It also says the results represents an ideal bulk mining proposition, shaping up to be a world class vanadium deposit and one of the largest in Australia.
Following the announcement, shares of Surefire Resources (ASX:SRN) were up 8.33%.