E79 Gold (ASX: E79) – Strong Gold Hits at T14 South Highlight Discovery Potential - #SamsoDYOR.
- Noel Ong
- Sep 24
- 6 min read
Announcement
E79 Gold Mines Limited (ASX: E79) has delivered a promising exploration update from its Laverton South Gold Project (Figure 1), with significant gold intercepts reported from reconnaissance aircore drilling at the emerging T14 South gold prospect. These results reinforce the potential of this structurally complex target and open the door for near-term discovery catalysts as further assays are pending.
Figure 1: Map of E79 Gold’s exploration projects (source: E79)
Laverton South Project Overview
The Laverton South Project covers 272 km² within the Laverton Tectonic Zone (LTZ), one of the most prolific gold belts globally, hosting >30 Moz of historical production, reserves, and resources (Figure 2). The project is strategically positioned ~130 km ENE of Kalgoorlie and targets near-term gold discovery opportunities across three key areas: T14 South, Lake Yindana North, and West of Lighthorse .
Figure 2: Map of the Laverton South Gold Project. (source: E79)
Key Highlights - Gold Exploration
(Figure 3)
Figure 3: Map of priority drill targets (source: E79)
Strong Results from T14 South
8m @ 0.46 g/t Au from 48m (Upper sandy channel)
8m @ 0.82 g/t Au from 80m, including 4m @ 1.57 g/t Au in weathered bedrock
15m @ 0.38 g/t Au from 80m to EOH, with the final 3m returning 0.44 g/t Au in bedrock
Results are from broad-spaced drilling (80m hole spacing, 200m lines) across a regionally significant paleochannel
Only 14 of 33 holes from T14 South have been returned – remaining assays expected in ~4 weeks.
Geological Setting Adds Confidence
T14 South lies within the same host stratigraphy as Kalgoorlie Gold Mining’s Kirgella’s Gift gold deposit, with cross-cutting faults and folds providing strong structural controls for gold deposition.
Gold anomalism detected both in basal paleochannel sands and in underlying weathered bedrock, a positive sign for potential primary mineralisation.
Additional Programs Completed
Three more lines of drilling to the south of the significant intercepts are completed, assays pending (Figure 4).
Figure 4: Map showing air-core drilling of the T14 South Target over re-processed magnetics. (source: E79)
Figure 5 illustrates the cross-section at T14 South, clearly highlighting gold mineralisation hosted in weathered bedrock beneath the regional paleochannel — a key indicator of a robust mineralising system.
Figure 5: Cross-section of T14 South showing gold mineralisation below the paleochannel. (source: E79)
Follow-up extensional and infill drilling west of Lighthorse prospect has extended bedrock anomalism ~1,000m southwards, confirming continuity (Figure 6)..
Figure 6: Map of air-core holes over magnetics located west of Lighthorse. (source: E79)
E79 Gold CEO, Ned Summerhayes commented:
“We have recently completed an extensive regional and in-fill air-core drilling program at our Laverton South Project. Assay results have been received from 53 of the 87 air-core holes drilled.
“Gold anomalism was identified below the regional paleochannel at two of the tested prospects; at the West of Lighthorse prospect and the T14 South prospect.
“The best results were received from drilling at the emerging T14 South gold prospect – an area of structural complexity within an interpreted host unit that extends south from Kalgoorlie Gold Mining’s (KalGold) Kirgella’s Gift gold deposit. At T14 South, we have only received assays for 14 of the 33 air-core holes drilled at this prospect, with anomalous gold assays returned on multiple drill lines in weathered rock beneath the paleochannel. We eagerly await the return of the remaining assays for three lines of holes located to the south of these significant results.”
Next Steps
Receive and interpret remaining 19 assays from T14 South, particularly from the southern drill lines.
Plan follow-up RC drilling to test depth potential beneath anomalous bedrock hits.
Continue data integration and geophysical interpretation to refine targets along the LTZ trend.
Samso Concluding Comments
The context of this announcement is about the broad-spaced reconnaissance drilling intersecting gold in weathered bedrock beneath a paleochannel. This is the kind of result that could be telling E79 that there is a system at work, and when systems are continuous, they often reveal something far more significant at depth. The T14 South prospect is in the right geological setting, within a known gold-hosting stratigraphy that extends from KalGold’s Kirgella’s Gift deposit, which already provides a valuable analogue.
Explorers often talk about "hunting for elephants," and the current E79 scenario feels like the early footprints. The spacing of the drilling means these intercepts are not isolated spikes — they may be part of a bigger picture that is still unfolding. As a market, we tend to underappreciate results like this when they first appear, because the story is still incomplete. But typically, seasoned investors know that these are the kinds of results that can grow into something substantial when followed up with systematic RC and diamond drilling.
Importantly, E79 Gold is sitting on 272km² of tenure in one of the richest gold belts in the world, the Laverton Tectonic Zone. This is elephant country, with 30Moz of gold already discovered. When a junior explorer puts out intercepts like this in that context, it is worth taking notice, at least even if it is for a punt on market reaction. The upcoming assays from the southern lines will be critical — if they repeat or improve on what we have seen here, the market may quickly reassess the valuation of E79 Gold.
At Samso, we always encourage investors to step back and look at the bigger picture and remember that the E79 management are the better ones . This announcement is about early discovery potential, not production tomorrow.
#SamsoNews will be watching closely as this story develops — because in exploration, timing your entry when the data is just beginning to point towards discovery can make all the difference. I still feel that E79 is a definite #SamsoDYOR and taking an early position is worthwhile, in my opinion. Remember that E79 Gold could quickly move from early-stage explorer to near-term discovery status – an important step for a company with a market cap under $4M.
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