THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) has begun its first drilling program over the company’s Laverton South gold project in Western Australia.
E79 Gold recently listed on the back of two projects, one being the Laverton South Project in the Laverton gold district and the other being the Jungar Flats project in the North Murchison region.
The Laverton South project covers a southern portion of the Laverton Tectonic Zone (LTZ) east north-east of Kalgoorlie, within the Archean Yilgarn Craton of Western Australia.
The LTZ is a rich gold belt having historically produced more than 30 million ounces of gold.
Within the Laverton South project are two tenement packages, Lake Yindana and the Pinjin JV, which sit within 15km either side of the Rebecca gold deposit.
“The start of our initial drilling program is an exciting time and an important milestone for E79 Gold,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.
“We look forward to testing our key targets and keeping the market updated on our progress.
“The first program is testing one of the walk-up drill targets within the Pinjin JV ground.
“We expect this program to continue through into the new year before undertaking programs on the Lake Yindana tenement.
“Elsewhere within our portfolio, the gravity survey at Jungar Flats is now underway and is expected to be completed this year.”