THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported preliminary results from recently completed geophysical programs over the company’s Laverton South gold project in Western Australia.
Within the Laverton South Project E79 have two tenement packages, Lake Yindana and the Pinjin JV.
E79 has a farm-in agreement with St Barbara (ASX: SBM) over the Pinjin project, which contains targets that were evaluated and ranked by St Barbara, including walk-up drill targets.
These targets are generally associated with a dolerite unit that runs through the southern tenement package and contains several highly ranked targets.
A 2D seismic survey was recently undertaken to map this dolerite unit at depth and identify the regional stratigraphy. Data has been collected and processing is underway.
A ground survey in the northern part of the JV returned preliminary results revealing a potential intrusion into the stratigraphy.
This target is considered a high priority with exploration and drill planning underway.
“E79 Gold has been busy undertaking various geophysical activities on our tenement package while we conclude our heritage surveys prior to initial drilling at the Laverton South project,” E79 CEO Ned Summerhayes said in the company’s ASX announcement.
“Within the Pinjin JV we have both gravity and 2D seismic, with preliminary results from the gravity survey showing a potential intrusion within the greenstone stratigraphy, which requires further exploration.
“The 2D seismic will be processed in due course and we look forward to unearthing more information about this highly prospective area.
“Once completed the baseline gravity data at Jungar Flats will give us valuable insight into the geology and structure under cover, similar to the insight’s recent gravity data at our Lake Yindana project has provided.”