West Australian-based explorer E79 Gold Mines Limited (ASX: E79) has commenced a major new phase of aircore drilling at its flagship 100%-owned Laverton South Gold Project.
The programme is designed to in-fill the large 1.6km long gold target delineated by the company’s initial aircore drill programme earlier this year and provide more detailed geological information ahead of deeper Reverse Circulation (RC) drilling later this year.
“We are excited to get the aircore drill rig back to continue testing key targets at the Laverton South Project,” CEO, Ned Summerhayes, said.
“Recent aircore results confirmed the presence of significant gold anomalism over a strike length of more than 1.6km – and open along strike both to the north and south – at Target 3.
“Target 3 will be a priority for aircore follow-up in advance of RC drill testing. The large-scale programme will comprise over 20,000m of aircore drilling, allowing us to cover a number of targets and to in-fill parts of Target 3 to gain a better understanding of the controls on the mineralisation, before we begin deeper RC drilling later this year.
“Drilling will also test for southern extensions of Target 3 as well as test multiple greenfields targets at Lake Yindana, pending heritage survey clearances.”
Laverton South Project Lake Yindana (100%) and the Pinjin JV (E79 Gold 80%)
The Laverton South Project, with an area of 346 sq. km, covers a southern portion of the Laverton Tectonic Zone (LTZ) approximately 130km east-northeast of Kalgoorlie, within the major gold producing Archean Yilgarn Craton of Western Australia.
Initial aircore drilling by E79 Gold has extended the known anomalism at Target 3 from 600m to 1,600m and revealed the presence of thick anomalism under the regional paleochannel.
The current drilling will focus on in-filling Target 3 to gain more insight into the mineralising controls, before undertaking deeper RC drilling later in the year.
Current drilling will also test along strike to the south, along structures that trend towards Kirgella’s Gift, located 4km to the south-east, where drilling by Renaissance Minerals in 2011 intersected thick, high-grade gold mineralisation.
Multiple aircore drill programmes are planned at Lake Yindana to test newly identified greenstone targets and intrusions, uncovered from recent gravity surveys.
Drilling will commence following successful heritage surveys. All remaining assays for the regional aircore drilling programmes completed earlier this year have now been returned.
Assays from 200 aircore holes for 8,122m, from the greenfields Target 4, showed no significant anomalism. Drilling tested the western and southern edge of the felsic intrusion into the greenstone, where historic soil samples showed gold anomalism.
While these results are disappointing, these targets represent only a small part of the tenement package and exploration will now focus on other targets within the project.
For further information please visit: https://e79gold.com.au/
