E79 target Granny Smith’s gold

E79 Gold Mines (ASX:E79) is set on finding high-grade gold mineralisation within the same geometric structures as the famous Granny Smith gold mine –among the country’s largest-producing gold mines.

Drilling is planned for its Target 3 prospect at its Laverton South Gold Project, sitting on the same granodiorite contact as the 2.58 million-ounce Granny Smith mine.

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Meanwhile, Ramelius Resources’ (ASX: RMS)  takeover offer for Breaker Resources (ASX: BRB) will lead to the consolidation of gold deposits in the South Laverton region, leaving E79 Gold’s Lake Yindana tenement in the centre of the action conveniently sitting between Breaker’s Lake Roe and Ramelius’ Rebecca projects.

The heritage clearance pathway to access Lake Yindana has been simplified, with multiple overlapping native title applications recently reduced to a single application.

“We have an exciting few months ahead with RC and AC rigs due back on site at Laverton South in the coming weeks, giving us another opportunity to look at the Target 3 gold system at depth and in more detail,” E79 Gold CEO Ned Summerhayes said.

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“At this early stage, we note strong similarities between the Target 3 gold system and the Granny Smith gold deposits: both lie within the roughly 3km long gold anomaly, on the eastern side of a granitic intrusion and contain pods of high-grade gold mineralisation within a much larger low-grade gold zone along the contact.”

About the Laverton South Project

The Laverton South Project, with an area of 355km2, 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.

E79GOLD FPO [E79]
Sector: Basic Materials
Industry: Gold
Employees:
E79 Gold Mines Limited engages in the exploration and evaluation of mineral properties in Australia. It explores for copper and gold deposits. The company owns 100% interest in the Laverton South Gold project covering approximately an area of 272 square kilometer located in the Kalgoorlie, Western Australia; and the Jungar Flats project that covers an area of 698 square kilometers located in the North Murchison region. It also holds 100% interest in the Mountain Home project which covers an area of 1,366 square kilometers located in the Northern Territory, Australia. The company was formerly known as Zamanco Minerals Limited and changed its name to E79 Gold Mines Limited in July 2021. E79 Gold Mines Limited was incorporated in 2007 and is based in Nedlands, Australia.