E79 Gold’s Nugget Discoveries and Deep Anomalies Pose Exploration Challenges
E79 Gold Mines has reported encouraging assay results from air-core drilling at its Laverton South project, revealing gold mineralisation beneath the regional paleochannel and the discovery of gold nuggets at Pinjin. These findings bolster the company’s exploration potential ahead of planned deeper drilling and a key acquisition.
- Air-core drilling identifies gold anomalies below paleochannel at Laverton South
- Gold nuggets discovered by prospectors at Pinjin North tenements
- Drilling targets magnetic and gravity anomalies near Lighthorse discovery
- Soil sampling reveals multiple gold anomalies aligned with Pinjin Fault
- E79 Gold progressing acquisition of Cue Metals to expand exploration portfolio
Exploration Breakthrough at Laverton South
E79 Gold Mines Limited (ASX – E79) has unveiled promising results from its recent wide-spaced air-core drilling program at the Laverton South Gold Project in Western Australia. The final assays reveal anomalous gold mineralisation beneath the regional paleochannel, particularly in chlorite-sericite altered mafic rocks, a geological setting often associated with gold deposits.
The standout intercepts include 1 metre at 0.41 grams per tonne gold from 88 metres depth and 4 metres at 0.12 grams per tonne from 60 metres, both from the same drill line. These results are significant as they highlight gold occurrences below the paleochannel cover, suggesting potential for deeper, concealed mineralisation that has yet to be fully tested.
Gold Nuggets Spark Excitement at Pinjin
Complementing the drilling success, prospectors operating with E79 Gold’s consent have recovered numerous small gold nuggets from the Pinjin North tenements. One notable nugget was found within quartz-veined mafic volcanic rock, displaying visible crystalline gold, which points to a nearby lode-style source. While these nuggets have not been assayed for purity, their metallic appearance typically indicates high gold content, adding a tangible dimension to the project’s prospectivity.
Strategic Location and Regional Context
The Laverton South Project spans 272 square kilometres within the Laverton Tectonic Zone, a prolific gold belt in the Yilgarn Craton known for hosting multi-million-ounce deposits. The recent drilling targeted coincident magnetic and gravity anomalies near the Lighthorse discovery by Kalgoorlie Gold Mining, underscoring the strategic positioning of E79’s tenure.
Soil sampling in the northern tenements has identified two parallel gold anomalies exceeding 30 parts per billion, aligned with the regionally significant Pinjin Fault. Historical shallow drilling in these areas has returned anomalous gold intercepts, reinforcing the potential for further discoveries.
Next Steps and Acquisition Progress
E79 Gold plans to conduct a new regional air-core drilling program following heritage surveys, with deeper reverse circulation drilling targeted to test the anomalous zones beneath the paleochannel. These efforts aim to delineate the extent and continuity of the mineralisation.
In parallel, the company is advancing its acquisition of Cue Metals Pty Ltd, which holds the Cue Gold Project in the Murchison Gold Province. Subject to shareholder approval expected in late November 2025, this acquisition will significantly expand E79’s exploration footprint and enable an aggressive exploration campaign leveraging detailed gravity surveys and historical data compilation.
CEO Ned Summerhayes emphasised the company’s commitment to unlocking value across its portfolio, stating that the recent results and acquisition progress position E79 Gold well for near-term discovery opportunities.
Bottom Line?
E79 Gold’s latest assays and nugget finds at Laverton South set the stage for deeper drilling and a strategic acquisition that could reshape its exploration outlook.
Questions in the middle?
- Will deeper drilling confirm economically viable gold mineralisation beneath the paleochannel?
- How will the Cue Metals acquisition accelerate E79 Gold’s exploration and development plans?
- What is the potential scale and grade continuity of the gold anomalies identified at Pinjin and Laverton South?
