E79 Gold Mines - Promising Air-Core Assays and Gold Nugget Discoveries Strengthen Laverton South Potential
- Noel Ong
- 3 days ago
- 6 min read
Announcement
Promising Assays from AC Drilling and Gold Nugget Discovery 10 November 2025 (Click here to view the announcement: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03020837-6A1296198&v=undefined)
E79 Gold Mines Limited (ASX: E79) has reported a promising set of exploration results from its Laverton South Gold Project, Western Australia (Figure 1). Located approximately 130km east-northeast of Kalgoorlie, this project spans 272km² across the southern portion of the Laverton Tectonic Zone (LTZ) — one of the world’s richest gold belts.
Final assays from the recent wide-spaced air-core drilling program have confirmed anomalous gold at depth beneath a regional paleochannel, supported by the discovery of numerous small gold nuggets within the Pinjin North tenements.
Figure 1: Map of drill holes over regional magnetics (source: E79)
The Business E79 Gold Mines
(Figure 2)
E79 Gold is a Western Australian-based exploration company with a portfolio covering over 2,336km² of highly prospective ground across the Yilgarn Craton and McArthur Basin:
Flagship: Laverton South Gold Project (100% — Pinjin & Lake Yindana) in the Laverton Tectonic Zone, a belt endowed with >30 Moz across multiple tier-one deposits
Mountain Home Cu–Au–Bi Project (NT) within the McArthur Basin, prospective for copper, gold, and diamonds.
Murchison's presence via earn-in/JV at the Murchison Goldfields, enabling focus on Laverton South and Mountain Home.
Cue Gold Project (Day Dawn, Murchison): E79 signed a Binding Heads of Agreement (3 Oct 2025) to acquire 90% of Cue Metals Pty Ltd; completion expected late November 2025 (subject to shareholder approval). The project sits immediately south of Westgold’s Great Fingall mine and covers ~65 km².
Figure 2: Map of E79 Gold’s exploration projects. (source: E79)
Highlights — Laverton South Air-Core Assays & Nugget Finds
The final air-core assays have reinforced the gold prospectivity of the Pinjin area within Laverton South:
1m @ 0.41g/t Au from 88m (25LRAC164) at End of Hole (Figure 3)
Figure 3: Cross-section of drill results (source: E79)
4m @ 0.12g/t Au from 60m (25LRAC160)
4m @ 0.18g/t Au from 72m (25LRAC161)
These intersections occur below the regional paleochannel, within sericite-altered mafic rocks, and align with an area of magnetite destruction (Figure 4). The westernmost hole, 25LRAC164, remains open to the west with no further drilling yet undertaken.
Figure 4: Map of drill holes over regional magnetics (source: E79)
In addition:
(Figure 5)
Figure 5: Map of recent activity within the northern portion of the Laverton South Project (source: E79)
Prospectors have discovered numerous small gold nuggets across a 500m x 500m area in the northern tenements (Photo 1).
Photo 1: A selection of gold nuggets prospected from E31/1082 (source: E79)
A nugget with visible crystalline gold in quartz-veined mafic rock suggests a nearby lode-style source for the nuggets (Photo 2).
Photo 2: Gold nugget discovered at the Laverton South Project (source: E79)
Soil sampling programs identified two parallel gold anomalies (Au > 30ppb) running parallel to the Pinjin Fault, supported by shallow RAB results such as 4m @ 1.17g/t Au from 4m (SWP095).
Leadership Commentary
E79 Gold CEO, Ned Summerhayes, commented:
“All assay results from the recently completed wide-spaced air-core drilling program have now been returned, with gold anomalism identified in the central line of drilling.
“Significantly, the anomalous gold sits below the paleochannel that blankets much of the area, highlighting the potential for gold discoveries at depth.
“Elsewhere at Laverton South, soil sampling and gold detecting activities have identified areas of gold prospectivity in the north of the project with numerous small gold nuggets collected from surface by prospectors with E79 Gold’s consent.”
About the Laverton South Project (WA)
Located in the Archaean Yilgarn Craton along the Laverton Tectonic Zone (LTZ), which hosts tier-one deposits:
o Granny Smith (5.8 Moz)
o Sunrise Dam (10.3 Moz)
o Wallaby (11.8 Moz)
Pinjin tenements target structures parallel to the Pinjin Fault, a mineralised trend extending >50 km, with localised, lode-style gold occurrences.
Recent gold nuggets with crystalline gold in quartz-veined mafic volcanic rock point to proximity to a primary lode-style source.
Near-Term Milestones to Watch
New Regional Air-Core Program planned over newly defined gold areas (post-heritage survey).
Deeper RC drilling to test anomalous zones under the paleochannel north-west of Lighthorse and at T14 South.
Cue Metals Acquisition completion targeted for 27 November 2025, following shareholder approval.
Ground Gravity Program planned across the Cue Gold Project to define new structural targets — methodology proven successful at nearby Break of Day and Day Dawn deposits.
Database consolidation and target generation underway to accelerate 2026 field programs.
How Samso Understands the Investment Memo for the Company
E79 is primarily an exploration company at the greenfield level. The recent acquisition of the Cue Metals project is an addition to the story. Is it better with the new projects? I don't think that can be decided for now. It needs to develop its own value or more for near-term projects, if you can find one, and if major shareholders want to dilute their positions.
Upcoming exploration work will decide the investment position.
Samso Concluding Comments
E79 Gold’s Laverton South update underscores the ongoing evolution of potential discovery within the heart of the Laverton Tectonic Zone. The story now is taking the path of mentioning that gold mineralisation may be present beneath the paleochannel cover as gold anomalism in sericite-altered mafic rocks will support the model that mineralised systems may extend below the transported overburden, which is a critical narrative for future discoveries in this belt.
The presence of crystalline gold within quartz-veined mafic volcanic rock is an important validation point. It suggests that the gold identified at surface may originate from a proximal lode-style source rather than being transported far from its origin. Such geological evidence aligns with historical patterns observed across the LTZ, where near-surface nugget discoveries often preceded major bedrock systems.
E79 is trying to de-risk discovery — moving logically from geophysical anomalies to air-core validation and now transitioning toward deeper RC drilling. The exploration footprint, coupled with growing field data, positions the company to build predictive confidence in its models. The follow-up heritage surveys and subsequent drilling campaigns will test these targets in earnest, with strong potential to extend gold mineralisation down-dip and along strike.
In a market where investor attention oscillates between early-stage hype and late-stage scarcity, E79’s balanced exploration narrative — backed by geological substance — continues to make me feel the substance of the storytelling journey. What makes me worry is the new content of the Board. Keep E79 on your watchlist, and taking a position is still a good idea in my opinion.
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