E79 Gold Mines Takes Full Control of Pinjin Gold Project

THE BOURSE WHISPERER: E79 Gold Mines (ASX: E79) has taken 100 per cent-ownership of the Pinjin gold project, within the company’s broader Laverton South gold project area.

E79 Gold had originally acquired the Pinjin tenements through a Joint Venture with St Barbara, under which it was earning an initial 80 per cent interest in the project.

St Barbara has now elected to relinquish its remaining interest, allowing E79 Gold to acquire the whole box and dice.

“We are pleased to take full control of the Pinjin project, giving E79 Gold 100 per cent ownership of the overall Laverton South project,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“We would like to thank St Barbara personnel for their help and support, and for giving E79 Gold the opportunity to explore on this ground.

“The Pinjin area has a long history of gold exploration and discovery and we are looking forward to continuing exploration and unlocking the significant potential of the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@e79gold.com.au

 

Web: www.e79gold.com.au