- E79 Resources (ESNR) reported high-grade gold intersections at its inaugural drill program at the Twist Creek Prospect
- Multiple zones of high-grade gold mineralization and elevated base metals were found in all three drill holes completed at the Scandinavian Prospect
- The initial drill results from the Scandinavian Prospect confirm the extensions of gold mineralization beneath historical workings which remain open at depth
- Drilling continues to expand on these results on multiple structures over a 3km northwest trend with a further 4km of trend length remaining to be tested
- E79 Resources (ESNR) is down 2.4 per cent, trading at $0.20 at 1:45 pm ET
E79 Resources (ESNR) reported high-grade gold intersections at its inaugural drill program at the Twist Creek Prospect.
Multiple zones of high-grade gold mineralization and elevated base metals were found in all three drill holes completed at the Scandinavian Prospect at the Twist Creek area.
Drilling highlights:
- Hole TWD006: 1.6 metre at 17 g/t gold (Au) from 73 metres, including 0.6 of a metre at 43 g/t Au, 25.5g/t silver, 1.3 per cent lead, and 0.25 per cent zinc from 74 metres, and 0.4 of a metre at 6.77 g/t Au from 128 metres
- Hole TWD003: 1.1 metre at 15.3 g/t Au from 67.9 metres, including 0.6 of a metre at 27.4 g/t Au from 67.9 metres , and 1 metre at 3.84 g/t Au from 111 metres
- Hole TWD004: 0.75 of a metre at 14.15 g/t Au from 75 metres
The initial drill results from the Scandinavian Prospect confirm the extensions of gold mineralization beneath historical workings which remain open at depth.
Drilling continues to expand on these results on multiple structures over a 3km northwest trend with a further 4km of trend length remaining to be tested.
E79’s President and Chief Executive Officer, Patrick Donnelly stated that from an area never previously drill tested, these results have returned excellent gold grades, and confirm that the Twist Creek area will be one of the focus areas for future expansion drill programs.
“I will also note that the Scandinavian Prospect is one of many prospects within the Twist Creek area. We are optimistic about more positive results as we continue our exploration activities. These drill intercepts also further support our view that the Myrtleford property may yield a significant gold discovery. The drilling at Twist Creek targeting a high-grade historical mining camp continues in parallel as we work in the Happy Valley district to the south.”
An inaugural drill program is in progress at the Sydney Prospect before completing the first pass at the Excelsior target. Once the drilling is complete, first-pass rock chip sampling and mapping programs will continue along the seven km-long trend.
The Twist Creek Prospect is located 40km north of the Happy Valley Prospect at its Myrtleford Project in Victoria, Australia.
E79 Resources (ESNR) is focused on exploring its mineral properties in Australia’s Victorian Goldfields.
E79 Resources (ESNR) is down 2.4 per cent, trading at $0.20 at 1:45 pm ET.
