E79 Gold Mines Reveals More Target 3 Targets

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) recently completed a geophysical program at Target 3 within the company’s Laverton South gold project in Western Australia.

E79 Gold Mines reported the results from the program demonstrated new exploration drill targets with a potential northern extension and southern offset to the prospective granite that hosts the Target 3 gold system.

The company has commenced an air-core drill program to test the potential southern extension.

A RC rig is expected on-site next week to test for high-grade shoots along the granite contact at depth, to evaluate the potential for Granny Smith-style mineralisation at Laverton South.

“Gravity surveys are a great tool for early exploration, with the ability to dramatically reduce your search radius and make exploration drilling more focused and effective,” E79 Gold Mines CEO Ned Summerhayes said in the company’s ASX announcement.

“The recently completed gravity survey over Target 3 has identified the main prospective granite – where drilling has intersected multiple plus-one gram per tonne hits – as well as a possible extension to the north and a possible offset to the south.

“Increasing the exploration area for the prospective granite contact is a high priority and will lead to more focused exploration drilling.

“The current air-core drill program will test the potential southern offset, and deeper RC drilling is set to begin next week at Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE