E79 Gold Mines Hits Multiple Zones of Significant Gold Anomalism

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) recently completed an air-core drilling program across Target 3 and Target 4 at the company’s Laverton South gold project in Western Australia.

E79 Gold Mines received assay results from the first 80 holes of the program, drilled at Target 3, which have demonstrated thick zones of gold anomalism.

A Central Core zone has been identified where a thick zone of anomalous gold persists until the end-of-hole.

Best results include:

22LRAC246
18 metres at 0.15 grams per tonne gold from 52m; (east end of drill line)

22LRAC256
8m at 0.21g/t gold from 48m;

22LRAC264
19m at 0.13g/t gold from 80m; and

22LRAC268
12m at 0.19g/t gold from 68m.

“The air-core program at Target 3 was to in-fill the wide spaced drill lines from the previous program and extend the anomaly to the south, where it remains open,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“The assays received so far are from the in-fill part of the program.

“The identification of a central core is an exciting development: in addition to being below the regional paleochannel, the central core target shows a thick zone of anomalous gold to the end-of-hole.

“The gold pathfinder elements, evidence of fluid flow and location close to a granite/sediment/mafic contact at the central core zone has analogies to large deposits in the region such as Victory (St Ives) and Sunrise Dam (AngloGold Ashanti), both of which were discovered under thick transported cover with RAB/AC drilling giving the first clues to the mineralisation.

“We look forward to testing this target at depth with the upcoming RC drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Web: www.e79gold.com.au