E79 Gold Completes 3,474-Station Gravity Survey at Cue, Eyes Drill Targets
E79 Gold Mines has completed a pivotal high-resolution gravity survey at its Cue Gold Project in Western Australia, setting the stage for targeted drilling and potential high-grade gold discoveries.
- Completion of 3,474-station gravity survey over Cue Gold Project
- Survey aims to map gold-mineralised structures for drill targeting
- Data processing and interpretation expected within 2-3 weeks
- Project located near historic high-grade gold mines Great Fingall and Break of Day
- Heritage agreements underway to support tenure applications and drilling
Survey Completion Marks a Key Exploration Milestone
E79 Gold Mines Limited (ASX – E79) has announced the completion of a comprehensive high-resolution gravity survey across its recently acquired Cue Gold Project in Western Australia's Murchison Gold Province. Spanning approximately 65 square kilometres, the survey involved 3,474 gravity stations measured with precision instruments, designed to detect subtle variations in the earth's gravitational field that may indicate gold-bearing structures beneath shallow cover.
Strategic Location in a Proven Gold Province
The Cue Gold Project is strategically positioned immediately south of the historic Day Dawn goldfield, home to Westgold Resources’ Great Fingall Gold Mine, which has produced over 1.2 million ounces of gold at exceptional grades. Nearby, Ramelius Resources’ Break of Day Mine also demonstrates the region’s potential for high-grade quartz reef-hosted gold deposits. E79 Gold’s CEO Ned Summerhayes highlighted the significance of employing gravity surveys, which have successfully delineated mineralised structures invisible to other geophysical methods in this region.
Data Processing and Next Steps
The gravity data is currently undergoing processing and interpretation by experts familiar with the region’s geology, a process expected to take two to three weeks. This analysis will integrate the new gravity data with historical magnetic datasets to refine geological models and generate priority drill targets. These targets will guide E79 Gold’s inaugural drilling campaign at Cue, anticipated to unlock the project's discovery potential.
Navigating Tenure and Heritage Approvals
Alongside technical progress, E79 Gold is advancing heritage agreements to facilitate tenure applications critical for exploration activities. These agreements are essential to ensure respectful engagement with traditional landowners and to secure the necessary permits for drilling operations. The company’s methodical approach reflects an understanding of the regulatory and cultural landscape integral to sustainable exploration.
Outlook for Investors and the Region
The completion of this gravity survey represents a foundational step in E79 Gold’s strategy to discover high-grade gold deposits within a prolific gold province. While the data interpretation phase introduces some uncertainty, the project’s proximity to established mines and the use of proven geophysical techniques provide a compelling basis for optimism. Investors will be watching closely as drill targets emerge and the company moves toward tangible exploration results.
Bottom Line?
With gravity data in hand, E79 Gold is poised to define drill targets that could reshape the Cue Gold Project’s prospects.
Questions in the middle?
- What specific drill targets will emerge from the gravity and magnetic data integration?
- How soon can E79 Gold commence drilling once heritage and tenure approvals are secured?
- What are the potential grades and sizes of gold mineralisation indicated by the new geophysical data?