USD $4,165.18
Goldman Significant Findings from Mountain Home Project, NT
West Australian-based explorer E79 Gold Mines Limited (ASX: E79) is pleased to provide an update on exploration activities at the recently optioned Mountain Home Copper-Gold Project, located in the Northern Territory.
The initial reconnaissance sampling mission yielded outstanding results, highlighting exceptional copper and gold values in selective rock chips. The highlights of the assays include:
- 45.5% Cu and 11.75g/t Au from rock chips.
- 39.8% Cu and 38.4% Cu from additional rock chips, with seven out of fifteen samples showing values over 22% Cu.
- High-grade gold values up to 11.75 g/t Au in selective rock chips.
The mineralised outcrop has now been extended to 1,000m, remaining open along strike to the north and south. Soil samples perpendicular to the mineralised outcrop also indicate anomalous copper values over widths of up to 80m, with coincident anomalous gold.
Further field work is planned for the current quarter.
E79 Gold CEO, Ned Summerhayes, said:
These outstanding rock chip copper and gold results highlight the very exciting discovery potential of the Mountain Home Project. Encouragingly, we have now encountered high grades in both copper and gold along the entire length of the known mineralised outcrop, now extended to in excess of 1km strike extent and remains open to the north and south. The soil sampling results suggest there may be parallel structures given the across-strike width of anomalism in both copper and gold. These results give us confidence to both follow-up with programmes to extend the Mountain Home copper system and also to follow up historic positive stream and soil samples elsewhere on the project. We are aiming to undertake these exploration programs within the current September Quarter.
