E79 Gold Mines Commences New Round of Laverton South Drilling

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) informed the market this morning that has commenced “Big Drill Programs” at the company’s Laverton South gold in the North Murchison region of Western Australia.

E79 Gold Mines explained the drilling is to take place on its Pinjin tenements, specifically targeting the Target 3 and Target 4 exploration areas.

The company considers these to be early-stage exploration targets with drilling to date showing gold anomalism along defined trends.

A RC drill rig is due to arrive onsite in the coming week to follow up previous drilling at Target 3 to test this potential high-grade position.

An AC drill rig will drill test extensions to the Target 3 gold system to the south and to test the granite greenstone contact to the north of the previous RC drilling.

The AC drill rig will also test prospective areas of Target 4, identified from the previous program, which identified gold anomalism in fresh rock.

“We are implementing an aggressive exploration program to accelerate our potential to make material discoveries within our projects,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“We will resume the aircore rig and the RC rig, when it arrives, to further define gold mineralisation at Target 3, which is currently identified as 2,600 metres long and 200 metres deep and open in all directions.

“The Target 3 system hosts gold in mineralised pods, along the eastern side of a granite/greenstone contact, within a larger anomalous zone.

“While the aircore rig will test for extensions to the gold mineralised granite/greenstone contact, the RC drilling will target the interpreted high-grade zones based on the Granny Smith model where better gold grades are in areas of flattened contact.

“The aircore rig will also test prospective areas of Target 4, where gold anomalism is hosted within a 30 kilometres long regional gold trend.”