Laverton South Drilling Yields 8m at 0.82 g/t Gold in Weathered Bedrock
E79 Gold Mines has reported significant gold intercepts from reconnaissance drilling at its Laverton South Project, highlighting the emerging potential of the T14 South gold prospect. These early results suggest a promising new target within a prolific gold belt in Western Australia.
- Significant gold intercepts at T14 South prospect including 8m @ 0.82 g/t Au
- Gold mineralisation identified beneath a regional paleochannel in weathered bedrock
- Reconnaissance aircore drilling completed over 87 holes with assays pending for some
- Additional gold anomalism confirmed at West of Lighthorse prospect
- Project located within the highly prospective Laverton Tectonic Zone
Exploration Update from Laverton South
E79 Gold Mines Limited (ASX – E79) has released encouraging exploration results from its Laverton South Gold Project in Western Australia. The company’s recent aircore drilling program, designed to test multiple targets across the project area, has delivered significant gold intercepts, particularly at the emerging T14 South prospect.
The Laverton South Project sits within the Laverton Tectonic Zone, a world-class gold belt known for hosting major deposits such as Granny Smith and Sunrise Dam. E79 Gold’s exploration efforts focus on identifying near-term discovery opportunities within this prolific region.
Key Findings at T14 South Prospect
Drilling results from the T14 South prospect have revealed gold mineralisation beneath a broad regional paleochannel, with notable intercepts including 8 metres at 0.82 grams per tonne (g/t) gold starting from 80 metres depth, and 15 metres at 0.38 g/t gold from 80 metres to the end of the hole. Importantly, these intercepts include mineralisation within weathered bedrock, which is often a positive indicator for potential economic deposits.
The T14 South area is structurally complex and lies within the same host stratigraphy as Kalgoorlie Gold Mining’s Kirgella’s Gift deposit, located just 3 kilometres to the north. The presence of cross-cutting faults and folds, as interpreted from re-processed magnetic geophysical data, suggests favourable conditions for gold deposition.
Broader Project Context and Additional Targets
Beyond T14 South, E79 Gold’s drilling also confirmed gold anomalism at the West of Lighthorse prospect, where low-level gold intercepts extend over a broad area beneath the paleochannel. This reinforces the prospectivity of the Laverton South tenure, which covers 272 square kilometres of highly prospective ground.
The company has completed 87 aircore holes totaling over 6,400 metres across three prospects, with assays returned for 53 holes so far. Final assay results from remaining drill lines, particularly at T14 South, are expected within the next four weeks, which could further clarify the extent and grade continuity of the mineralisation.
Looking Ahead
CEO Ned Summerhayes highlighted the significance of these early-stage results, noting the potential for near-term discoveries in a region with a rich gold endowment. E79 Gold continues to advance its exploration programs while actively assessing acquisition opportunities to build on its portfolio.
While these results are promising, the broad reconnaissance drill spacing means further infill drilling and detailed geological interpretation will be necessary to define a resource and assess economic viability. Investors will be watching closely as the company releases the pending assays and outlines its next steps.
Bottom Line?
E79 Gold’s latest drilling results at Laverton South hint at a promising gold discovery, but the next round of assays will be crucial to confirm the project’s potential.
Questions in the middle?
- Will the pending assay results at T14 South confirm and extend the current gold mineralisation?
- How will E79 Gold prioritize follow-up drilling to refine the resource potential at Laverton South?
- What impact might these exploration results have on E79 Gold’s valuation and investor interest?