E79 Gold Mines Identifies Jungar Flats Gold, Lithium and Base Metal Targets

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) didn’t let the dust settle after returning home from the RIU Sydney Resources Round-up by reporting the identification of numerous anomalies prospective for gold, lithium and base metal mineralisation at the company’s Jungar Flats gold project in the Murchison Region of Western Australia.

E79 Gold Mines explained the targets had been outlined by a recent shallow auger drilling program the company had carried out to test a 35 kilometres strike of greenstone using the CSIRO-developed UltraFine+ analytical technique.

The company reported the results demonstrate a range of anomalies for gold, base metals and lithium.

The highest priority gold target identified is an 800 metres-long coherent gold anomaly within the greenstone sequence that is also a coincident lithium anomaly.

“The UltraFine+ soil auger results demonstrate the enormous potential of the Jungar Flats project, with anomalies defined for a range of commodities including gold, base metals and lithium,” E79 Gold Mines CEO Ned Summerhayes said in the company’s ASX announcement.

“The gold and base metal anomalies sit along a greenstone unit where historic drilling had demonstrated gold mineralisation at depth, while the lithium anomaly sits in an area of interpreted granite.

“The high-priority gold anomaly reflects a coherent anomaly within greenstones extending for over 800 metres, and, importantly, within a magnetic low, indicating possible magnetite destruction.

“Magnetite destruction can indicate the flow of hydrothermal, metal-bearing fluids interacting with previously magnetic country rock.

“The next stage of exploration will be to ground-truth the anomalies ahead of aircore drill testing, after appropriate heritage surveys have taken place.”