Firefly Resources Ltd. reported significant new assay results from the initial round of sampling of recorded and unrecorded gold workings across the northern extent of its 100%-owned Yalgoo Gold Project in Western Australia. Firefly is building an expansive dataset of geological information across Yalgoo through intensive field-mapping and sampling aided by: 1. High-resolution drone imagery to locate and identify the spatial distribution and frequency of historical workings; and 2. Sub-Audio Magnetic geophysics, critical in defining the subsurface architecture, particularly the key faults/shears within the BIF-sequences. Multiple unrecorded and undrilled gold shafts and shallow workings identified from high-resolution drone imagery. Ground-truthing and geological mapping of unrecorded workings illustrates porphyry/shear/Banded Iron Formation (BIF) relationship to gold mineralization at all the mapped occurrences. Opportunistic sampling at a number of the historical workings, as well as on a sheared porphyry contact outcropping across an access track (Speedhump), has returned significant assays at surface including: FFR20663 - 1.27g/t - "Speedhump" quartz vein outcropping in access track; FFR20664 - 4.54g/t - "Rowan+Moores Find" - 3 x historical shafts along 700m of strike; FFR20665 - 6.58g/t - "Rowan+Moores Find" - 3 x historical shafts along 700m of strike; FFR20675 - 10.56g/t - "Lady Lydia South" - 4 x shallow pits along 300m of strike; FFR20676 - 1.87g/t - "Lady Lydia" - 2 x historical shafts along 200m of strike; FFR20710 - 2.84g/t - "Might Be" - Shallow pit 500m SW of Don Bradman; FFR20712 - 12.38g/t - "Good Companions" - 2 x historical shafts; FFR20713 - 3.93g/t - "Good Companions" - 2 x historical shafts; FFR20714 - 7.96g/t - "Drumline" - 3 x historical shafts (spoil sample). Correlation of existing prospects, recorded workings and "rediscovered" unrecorded workings shows a strong relationship between local to regional-scale NW faults/shears where they offset the highly-magnetic BIF sequences. The mineralization style seen at all the mapped gold occurrences across the north of Yalgoo is identical to that seen at the Melville Gold Deposit, where Firefly recently declared a maiden JORC 2012 Mineral Resource of 196,000oz @ 1.45g/t (0.7g/t cut-off) from surface. This regional sampling work further validates Firefly's geological model and confirms a defined set of priority drilling targets through the delivery of high-grade gold results. Systematic mapping and sampling work on the historical workings is ongoing with further assays expected in the coming weeks. Firefly is committed to increasing its gold inventory across the wider Yalgoo Gold Project through targeted drilling and sampling of priority targets identified through the employment of a practical on-ground exploration methodology combined with effective use of innovative and efficient technology.