E79 target Granny Smith’s gold
March 24, 2023E79 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.
$0.031“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.
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