E79 Gold Mines Uncovers 700-Metre Gold Anomaly at Laverton South

E79 Gold Mines Uncovers 700-Meter Gold Anomaly at Laverton South Project

E79 Gold Mines Limited (ASX: E79) has revealed a significant 700-meter-long gold anomaly from its recent exploration program at the Laverton South Gold Project in Western Australia. Located in one of the world's richest gold belts, this discovery represents a promising development in an area adjacent to an emerging greenfields gold discovery.

Strategic Discovery in Premier Gold Belt

The newly identified gold anomaly sits within a favourable structural position in the Laverton Tectonic Zone (LTZ), one of the world's most productive gold regions with more than 30 million ounces in historical production, reserves and resources. The zone hosts numerous world-class deposits including Granny Smith (5.8Moz), Sunrise Dam (10.3Moz) and Wallaby (11.8Moz).

E79 Gold CEO, Ned Summerhayes, highlighted the significance of the discovery: "The results show a 700m long gold anomaly on a favourable structure parallel to the main stratigraphy. While the gold values are low level, they outline a coherent in-situ anomaly across multiple drill lines, and sit in an area of structural complexity, with de-magnetised zones identified in the recent geophysical review."

Drilling Results and Next Steps

The company's initial wide-spaced air-core drilling program, comprising 82 holes for a total of 5,871 meters, returned promising results including:

• 3m @ 0.29 g/t Au from 63m (25LRAC023)
• 12m @ 0.07 g/t Au from 64m (25LRAC024)

These results, while representing low-grade mineralisation, are considered significant given:

1. The wide spacing of drill holes (80m spacing along lines and 200m between lines)
2. The favourable structural setting
3. The presence in the weathered zone below the regional paleochannel
4. The restricted weathering profile that would limit gold dispersion

E79 Gold is now planning to commence in-fill drilling in late May to further define this target, with a 5,000-meter program that will also test other high-priority targets identified from their regional data review and geophysical reprocessing.

Understanding Gold Anomalies in Weathered Profiles

Gold anomalies in weathered bedrock can be significant indicators of primary mineralisation. In the Laverton South Project area, the bedrock profile is largely stripped with only a narrow weathering profile. This geological feature is important because it restricts the scale of weathering-related gold dispersion.

When gold anomalies are found in such restricted weathering profiles, even low-grade results can suggest the presence of primary gold mineralisation in the underlying bedrock. The coherent nature of this anomaly across multiple drill lines makes it particularly encouraging despite the modest gold values.

Strategic Position Near Recent Discovery

The discovery's location adds to its significance. The anomaly is situated immediately west of KalGold's emerging Lighthorse discovery, in a parallel structure to the main Laverton Tectonic Zone. Rock types and alteration assemblages similar to those described at the Lighthorse discovery were observed in E79's drilling.

This proximity to a recent discovery in similar geological settings enhances the prospectivity of E79's target. The position of the anomaly was previously identified as prospective during a recent geophysical review, demonstrating the effectiveness of the company's target generation process.

Investment Potential

E79 Gold Mines presents an intriguing investment opportunity for several key reasons:

1. Prime Location: Operating in the Laverton Tectonic Zone, one of the world's richest gold belts with more than 30 million ounces of historical production

2. Emerging Discovery: 700-meter gold anomaly in a favourable structural setting adjacent to a recent discovery by neighbouring company

3. Focused Exploration Strategy: Clear plan to follow up with in-fill drilling and testing of additional targets

4. Strong Financial Position: Cash position of $2.13 million (as of March 2025) plus $783,000 from a recent placement

5. Experienced Leadership: Led by CEO Ned Summerhayes who brings significant geological expertise to the company's exploration efforts

With a market capitalisation of just $3.96 million and a philosophy of "Money in the ground," E79 Gold is strategically positioned to leverage its new discovery and potentially add significant value through its upcoming drilling program.

The company's focused approach on near-term discovery opportunities at both the Laverton South Gold Project in WA and the Mountain Home Cu-Au-Bi Project in the Northern Territory gives investors exposure to multiple potential catalysts in the coming months.

Why Investors Should Watch E79 Gold

This discovery represents an early-stage but promising development for E79 Gold. While the gold values are low-grade at this stage, the coherent nature of the anomaly, its favourable structural position, and proximity to an emerging discovery make it a target worth following closely.

The company's planned follow-up drilling program, commencing in late May, will be a key catalyst to watch. More closely spaced drilling could better define the anomaly and potentially identify higher-grade zones within the 700-meter trend.

For investors seeking exposure to early-stage gold exploration with defined near-term catalysts, E79 Gold offers an opportunity to participate in what could be the early stages of a significant discovery in one of Australia's premier gold districts.

Want to Invest in Western Australia's Next Gold Discovery?

Discover the significant potential of E79 Gold Mines' 700-metre gold anomaly in the prolific Laverton Tectonic Zone. With a strategic position adjacent to an emerging discovery, a clear exploration pathway, and a market capitalisation of just $3.96 million, E79 offers compelling value for investors seeking exposure to early-stage gold exploration. To learn more about this promising investment opportunity and stay updated on the upcoming drilling results, visit E79 Gold's website today.