E79 Gold identifies strong drill targets west of Lighthorse discovery
Exploration to commence within weeks following promising geophysical data analysis.
E79 Gold Mines (ASX: E79) has identified high-priority drill targets west of Kalgoorlie Gold Mining’s (ASX: KAL) emerging Lighthorse gold discovery, with exploration set to begin in the coming weeks.
The company has reviewed high-resolution magnetic imagery, which reveals structural complexity within its Laverton South Gold Project, immediately west of Lighthorse. The new targets are linked to structural breaks, offset stratigraphy, and cross-cutting faults, features known to host gold mineralisation.
Exploration plans and drilling timeline
E79 Gold’s air-core drilling program will focus on newly identified targets, which lie near Kirgella Gift and Providence, two KalGold deposits that host an Inferred Mineral Resource of 76,400 ounces of gold (2.34Mt @ 1.0g/t Au). Recent KalGold drilling results near the E79 boundary have returned high-grade gold intercepts, including:
E79 Gold CEO Ned Summerhayes said the company is acting quickly to advance exploration.
“Following KalGold’s discovery, we’ve reviewed our geophysical data and identified multiple priority drill targets. With an air-core rig booked, we are excited to begin testing these targets in the coming weeks.”
Strategic position in a prolific gold region
E79 Gold’s Laverton South Gold Project covers 272km² in the Laverton Tectonic Zone (LTZ), one of Western Australia’s most prolific gold-producing regions, with over 30 million ounces of historical production and known resources.
The company believes the structural complexity west of Lighthorse suggests a potential mineralised extension into its tenure, which has no prior historic drilling. The upcoming drilling campaign will systematically test these high-priority targets for new gold discoveries.
In addition to its Western Australian assets, E79 Gold is advancing the Mountain Home copper-gold project in the Northern Territory, where it plans to drill high-grade copper-gold targets later this year.
Source: https://www.sharecafe.com.au