High Grade Silver-Copper-Lead Project Acquisition

Surefire Mining NL (ASX: SRN, “the Company”) announced on 2 November, 2016 that it has entered into an option agreement to acquire the Kooline Silver-Copper-Lead Project (“the Project”). The Company has secured a four-month exclusive option through the issue of 26,666,666 to the Vendor to acquire 90% of the Project for an all scrip based consideration of 250,000,000 shares if the Company elects to proceed with the acquisition.

  • Multiple significant high grade rock chip results including: o AKCR044: 225 g/t Ag, 45.8% Pb
    • o AKCR045: 280 g/t Ag, 54.8% Pb, 0.7% Cu
    • o AKCR047: 245 g/t Ag, 58.1% Pb, 1.49% Cu
    • o AKCR048: 375 g/t Ag, 42.5% Pb, 3.78% Cu o AKCR049: 220 g/t Ag, 68.4% Pb, 0.99% Cu o AKCR056: 140 g/t Ag, 49.3% Pb
    • o AKCR059: 120 g/t Ag, 56.5% Pb
    • o AKCR060: 580 g/t Ag, 29.9% Pb
  • Extensive 6km long auger soil geochemical anomaly
  • >50 identified historical workings mined in 1950’s
  • Project covers 90km2 and is located 55km south of Paulsen’s Gold Mine

Figure 1: High Grade Rock Chip Results, Historical Mines & Auger Geochemical Target Zones