E79 Gold Mines Identifies New Gold Trend at Target 4 on Laverton South Project

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) has identified a second emerging gold trend from recent aircore drilling at Target 4, within the company’s Laverton South gold project in Western Australia.

E79 Gold recently completed 95 aircore holes at Target 4 designed to test a large-scale regional-scale gold-bearing structure, the Pinjin Fault, that hosts gold mineralisation over a 30 kilometres strike length.

The Pinjin Fault runs for six kilometres through E79’s tenure and the recent aircore drilling program explored along 2.5km of this strike length, through an area of structural complexity in the regional magnetics.

Results from recent drilling include:

22LRAC443
8 metres at 0.41 grams per tonne gold from 24m;

22LRAC428
4m at 0.47 g/t Au from 64m; and

22LRAC503
3m at 0.48 g/t Au from 28m.

“Target 4 is an exciting emerging target, located within a regional mineralised gold structure that hosts both historic workings and recent open pits along 30 kilometres of strike,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“We know that the structure, the Pinjin Fault, is mineralised in parts and we are seeking higher grades along the six kilometres runs through our tenements.

“Identifying anomalous gold, supported by pathfinder elements, in fresh rock is a great start, demonstrating that the gold is in-situ and has depth potential.

“These results provide two areas of focus for us: in the north, gold is located on either side of a structural break in the stratigraphy, which represents a zone of structural complexity; and in the south, where we have a number of holes with anomalous gold along the western edge of one of the drill lines.

“Our next step is to in-fill the 400 metres-wide spaced drill lines more closely, ahead of deeper RC drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE