E79 Gold Mines Scores Multiple Gold Hits at Laverton

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported latest results from air-core drilling at the company’s Laverton South gold project in Western Australia.

E79 Gold Mines received assays for a further 50 aircore holes, the results from which have continued to confirm and extend the zone of coherent gold mineralisation discovered at Target 3.

The results also included multiple gold intercepts reported to end-of-hole, with recently received results from a newly-identified Southern Zone including:

22LRAC394
4 metres at 3.2 grams per tonne gold; and

22LRAC369
3m at 1.55g/t gold, including 1m at 3.88g/t gold to end-of-hole.

“This is a very exciting development for the company, as we are seeing a clear change from gold anomalism to gold mineralisation in the southern air-core drill lines,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“Air-core drilling has intersected two mineralised zones with gold values greater than 3 grams per tonne gold, which is an excellent early stage result.

“Both mineralised zones sit below the paleochannel, are associated with quartz veining and sit in the same stratigraphic position on adjacent drill lines, 300 metres apart.

“This new zone sits to the south of the central zone and forms part of a 2,600 metres long anomalous zone, which remains open to the south.

“With the RC rig arriving soon to test for gold at depth, we are excited to see what lies beneath Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.e79gold.com.au