E79 Gold Launches Three-Phase Drilling Programme at Laverton South

Strategic Drilling Campaign Follows Recent Discovery Success

E79 Gold has initiated a three-phase air-core drilling program at its Laverton South Project, strategically positioned in the prolific Laverton Tectonic Zone (LTZ). The campaign focuses initially on in-fill drilling of a 700-metre long gold anomaly discovered in recent exploration, with subsequent phases targeting two additional high-priority regional targets identified through advanced geophysical analysis.

CEO Ned Summerhayes highlighted the strategic importance of the program: "The AC rig has returned to follow up the 700m long gold anomaly, located immediately west of Kalgoorlie Gold Mining Limited's emerging Lighthorse discovery. The previous drilling results have led us to focus in on this favourable structural position."

The multi-phase program includes:

• In-fill drilling to reduce spacing to 40m at the primary anomaly
• Testing southern extensions of the identified gold anomalism
• Two additional regional campaigns targeting structural positions identified through geophysics
• All drilling expected to be completed in June with assay results anticipated in July

Understanding Aircore Drilling: The First Step in Gold Discovery

Aircore drilling represents a critical early-stage exploration technique that helps explorers identify potential gold-bearing zones before committing to more expensive drilling methods. Unlike diamond or reverse circulation drilling, aircore drilling is relatively fast and cost-effective, allowing companies to test larger areas and generate targets for follow-up.

In E79's case, aircore drilling is particularly valuable because:

1. The target area has 40-50 metres of transported paleochannel material covering the bedrock
2. Initial drilling has only tested less than 15% of the lateral extent of the underlying bedrock
3. The technique allows for rapid testing of geophysical anomalies at a reasonable cost

For investors, understanding aircore drilling provides context for evaluating exploration results. While aircore results typically show lower-grade mineralisation than deeper drilling methods, they can reveal critical pathfinder elements and anomalies that lead to significant discoveries when followed up with targeted deeper drilling.

Prime Targets in a World-Class Gold Province

The Laverton South Project encompasses 272km² within the Laverton Tectonic Zone, a region that hosts numerous multi-million-ounce gold deposits. E79 has identified three compelling targets through sophisticated geophysical analysis:

Target 1: Primary Anomaly (Currently Being Drilled)

• 700m long gold anomaly with intercepts up to 3m at 0.29g/t Au
• Located in a favourable structural position identified through magnetic demagnetisation
• Immediately adjacent to KalGold's emerging Lighthorse discovery

Target 2: Structural Complexity Zone

• Area of significant structural complexity with demagnetisation coinciding with a large-scale northwest fault
• Historic drilling north and south shows coincident gold anomalism
• Located 3km south of KalGold's Kirgella Gift resource in similar stratigraphy

Target 3: Domal Structure Under Cover

• Interpreted domal structure analogous to the nearby Duke deposit (Ramelius Resources)
• Located just 3km southwest of Duke in similar geological setting
• Potential for discovery beneath cover that has limited previous exploration

Strategic Position in an Emerging Gold Camp

E79 Gold's Laverton South Project is strategically positioned in a region experiencing renewed exploration success. The company's current focus on aircore drilling represents an efficient approach to target generation before committing to deeper, more expensive drilling methods.

Several factors make this project particularly compelling:

1. Prime geological setting within the Laverton Tectonic Zone, which hosts >30 million ounces of gold
2. Proximity to recent discoveries including KalGold's Lighthorse and established deposits like Kirgella Gift
3. Technical approach combining advanced geophysics and systematic drilling to identify targets under cover
4. Focus on efficiency with the company's stated motto: "Money in the ground"

E79 Gold is operating with a measured approach to capital allocation, with $2.13 million cash as of March 31, 2025, plus an additional $783,000 received from a tranche 2 placement in April 2025.

"The AC rig has returned to follow up the 700m long gold anomaly, located immediately west of Kalgoorlie Gold Mining Limited's emerging Lighthorse discovery. The previous drilling results have led us to focus in on this favourable structural position. Following this infill work, the rig will move on to test two other regional targets identified in the recent geophysical and project review of the area." – Ned Summerhayes, CEO

Understanding the Laverton Tectonic Zone

The Laverton Tectonic Zone (LTZ) is one of Australia's most prolific gold-producing regions, situated within the Archean Yilgarn Craton of Western Australia. This geological feature extends for approximately 250 kilometres and hosts numerous world-class gold deposits.

Key characteristics of the LTZ include:

• Multiple major deposits: The zone has produced over 30 million ounces of gold through history
• Structural complexity: The region features extensive faulting, shearing, and folding that creates ideal conditions for gold mineralisation
• Diverse host rocks: Gold deposits occur in various rock types including greenstones, granites, and sedimentary sequences
• Cover sequences: Many parts of the LTZ have shallow to moderate cover, which has historically limited exploration

E79's Laverton South Project is located approximately 130km east-northeast of Kalgoorlie, positioning the company in the southern portion of this highly prospective geological corridor. The project area features significant transported cover, with paleochannel material 40-50 metres thick in places, which makes the use of systematic exploration techniques like aircore drilling and geophysics particularly important.

Why Investors Should Watch E79 Gold

E79 Gold represents an early-stage exploration opportunity with several compelling attributes for resource investors:

1. Strategic land position in the highly prospective Laverton Tectonic Zone
2. Systematic exploration approach using advanced geophysics to identify targets under cover
3. Multiple near-term catalysts with drilling completion expected in June and assay results in July
4. Technical team with demonstrated ability to identify prospective structural positions
5. Modest market capitalisation of just $2.7M against a backdrop of rising gold prices

For investors seeking exposure to gold exploration, E79 Gold offers a compelling risk-reward profile with imminent news flow from its current drilling campaign. The company's focus on the Laverton South Project, combined with its additional prospective ground in Western Australia and the Northern Territory, provides multiple pathways to potential discovery success.

The drilling program currently underway represents a critical step in E79's exploration strategy, with results potentially providing validation of the company's targeting methodology. The outcomes from this program could establish the foundation for more advanced exploration work later in 2025 and into 2026.

With an efficient "money in the ground" approach to exploration, E79 Gold is structured to maximise investor exposure to discovery potential while maintaining disciplined capital management in what remains a challenging market for junior explorers.

Ready to Explore This Promising Gold Opportunity?

E79 Gold's strategic drilling campaign in the gold-rich Laverton Tectonic Zone could be the start of something significant. With a multi-phase exploration approach targeting high-priority anomalies adjacent to recent discoveries, now is the perfect time to learn more about this compelling investment opportunity. Visit E79 Gold's website today to discover how their systematic exploration approach and prime geological positioning could deliver value for shareholders.