E79 Gold Mines Drills Pinjin JV Gold Target

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported further assay results received for Target 3, at the company’s Laverton South project in Western Australia.

E79 Gold completed air-core drilling at the Pinjin JV with St Barbara (ASX: SBM) from November 2021 to February 2022 across three target areas, resulting in 81 holes for 3,342m over Target 3.

Assay results from the first 40 holes of the program were released in April, now further results for the remainder of the aircore program at Target 3 show gold anomalism has been extended by 900 metres to the south, for a total strike extent of over 1,600m.

“The final air-core results from Target 3 show that a robust gold target is starting to emerge over a significant strike extent in excess of 1,600 metres,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“Multiple coherent zones are demonstrating anomalism for both gold and gold pathfinder elements, with a number of drill holes ending in strong gold anomalism in bedrock.

“This is important as the anomalism sits below the large regional paleochannel and represents in-situ gold mineralisation, which has not been drill tested at depth.

“End-of-hole spectral data provides evidence for gold deposition being controlled by large-scale oxidised / reduced fluid mixing, which is a trait common of the larger gold mines within the Laverton region.

“Our work on this target to date remains wide-spaced reconnaissance drilling which will be in-filled to better define targets for reverse-circulation drill testing.

“Notwithstanding the disappointing and industry-wide delays in receiving assays, E79 Gold Mines is executing its systematic testing of targets within the company’s highly prospective tenure packages, and we are very pleased with the results achieved to date which is establishing the basis for realising the potential for meaningful discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@e79gold.com.au

Web: www.e79gold.com.au