E79 Gold Mines Limited (ASX: E79) is planning an aggressive exploration programme within the Laverton South Project in Western Australia.
The company has 944 sq. km of prospective ground across two key projects, Laverton South in the Laverton gold district and Jungar Flats in the North Murchison region.
We are implementing an aggressive exploration programme to accelerate our potential to make material discoveries within our projects,” CEO, Ned Summerhayes, said.
“We will resume the aircore rig and the RC rig, when it arrives, to further define gold mineralisation at Target 3, which is currently identified as 2,600m long and 200m deep and open in all directions. The Target 3 system hosts gold in mineralised pods, along the eastern side of a granite/greenstone contact, within a larger anomalous zone.
“While the aircore rig will test for extensions to the gold mineralised granite/greenstone contact, the RC drilling will target the interpreted high-grade zones based on the Granny Smith model where better gold grades are in areas of flattened contact.
“The aircore rig will also test prospective areas of Target 4, where gold anomalism is hosted within a 30km long regional gold trend.
“At Lake Yindana, heritage surveys are in the advanced stages of planning and, following completion of those surveys, a first-ever 15,000m aircore drilling programme will commence testing a +25km long, recently recognised greenstone belt, as well as interpreted discrete intrusions into the greenstone, both of which were identified from the company’s gravity survey over the area. The margins of these discrete intrusions are very favourable target areas.”
Planned Activities
E79 Gold is planning to continue busy and active programmes over the Laverton South and Jungar Flats (Murchison) Projects including:
- April 2023 commence AC and RC drilling at Laverton South Project
- May-June 2023 commence aircore drilling at Lake Yindana
- August 2023 commence aircore drilling at Murchison Project
