Results from the Pinjin joint venture between Western Australian-based explorer E79 Gold Mines and mid-tier miner St Barbara have revealed multiple strike-extensive zones of coherent gold anomalism extending in excess of 1600 metres.
Further support for these gold trends is spectral evidence of oxidised/reduced fluid mixing over a broad area, which is an attribute of several large gold deposits in the region.
E79 Gold chief executive officer Ned Summerhayes said the final air-core results from the Laverton South Project showed that a robust gold target was starting to emerge, with multiple coherent zones demonstrating presence of both gold and gold pathfinder elements.
“Our work on this target to date remains wide-spaced reconnaissance drilling which will be in-filled to better define targets for reverse-circulation drill testing.
“Notwithstanding the disappointing and industry-wide delays in receiving assays, E79 Gold Mines is executing its systematic testing of targets within the company’s highly prospective tenure packages, and we are very pleased with the results achieved to date which is establishing the basis for realising the potential for meaningful discovery.”
The Laverton South project covers the southern portion of the Laverton Tectonic Zone, one of the world’s richest gold belts with more than 30 million ounces in historical production, ore reserves and mineral resources. It hosts numerous prolific deposits including Granny Smith, Sunrise Dam and Wallaby.