E79 Gold Mines Unveils New Drill Targets at Laverton South.
- Noel Ong
- 4 days ago
- 5 min read
Updated: 15 hours ago
Announcement:
It is good to see that E79 Gold Mines Limited (ASX: E79) has identified several compelling new drill targets at its Laverton South Project. The company has completed a comprehensive regional review and reinterpretation of large-scale geophysical datasets, inspired partly by the recent Lighthorse discovery by neighbour KalGold (ASX: KAL).
Executive Perspective
E79’s CEO, Ned Summerhayes, highlighted the strategic timing of this re-evaluation:
“This work has generated a number of compelling geophysical targets from both magnetics and gravity, adding to the pipeline of exploration opportunities in this region.”
Both Target 1 & Target 2 are scheduled for immediate drilling between May and June 2025, and full assays are also pending from E79’s recently completed 82-hole, 5,871m air-core drilling program west of Lighthorse (Figure 1).
Among the high-priority targets:
Target 1 sits 3km south of KalGold’s Kirgella Gift resource. It is located in a structurally complex zone, marked by demagnetisation and a northwest-trending fault from reprocessed gravity and magnetic datasets.
Target 2 lies in the north of the Lake Yindana tenements and is interpreted as a domal structure, geologically analogous to the nearby Duke deposit in Ramelius Resources’ (ASX: RMS) Rebecca Gold Project.
Figure 1. Map of reprocessed and regional magnetics highlighting high-priority drill targets. (source: E79 ASX Announcement 15 May 2025)
Laverton South: A Gold Belt with Serious Pedigree
The Laverton South Project covers 272km² within the Laverton Tectonic Zone (LTZ) — one of the richest Archean gold belts globally (Figure 2). The LTZ has yielded over 30 million ounces of gold, including:
Granny Smith – 5.8Moz
Sunrise Dam – 10.3Moz
Wallaby – 11.8Moz
Figure 2: Image adapted from OzAurum ASX announcement 29 November 2024 demonstrating the proximity of E79 Tenure to Heysen’s Find. (source: E79 ASX Announcement 15 May 2025)
Recent developments at Heysen’s Find, just 250m north of E79’s tenements, are also drawing interest. Neighbour OzAurum Resources (ASX: OZM) announced surface rock chip samples returning up to 16.23g/t Au, from historic workings (Figure 2). These lie on a regional structure believed to extend into E79’s ground.
E79 previously intersected 12m @ 1.12g/t Au (hole 23LRAC163) along this trend, enhancing confidence in the untapped gold potential. Additional fieldwork and air-core drilling are being planned to follow up on these results (Figure 3).
Figure 3. Map of the Laverton South Gold Project. (source: E79 ASX Announcement 15 May 2025)
E79 Gold’s projects include tenements in Western Australia’s Laverton Tectonic Zone and Murchison Goldfields—regions with over 30 million ounces of gold within the Yilgarn Craton (Figure 4). The Murchison Project is under a joint venture with Scorpion Minerals (ASX: SCN), allowing E79 to focus on its Laverton South exploration.
Additionally, the company holds ~1,838km² of highly prospective ground in the Northern Territory’s McArthur Basin, known for its zinc-lead potential and prospectivity for copper, gold, bismuth, and diamonds.
Figure 4: Map of E79 Gold’s exploration projects (source: E79 ASX Announcement 15 May 2025)
Samso’s Concluding Comments
I have always said that the mineral exploration game is a marathon, and it is good to see that E79 Gold is playing the long game with sharp focus on near-term execution. The Laverton South region is not new to gold—it’s a proven district with geological hallmarks that have consistently delivered million-ounce deposits (Figure 4).
What’s exciting now is how E79 is interpreting the old data through a new lens, applying modern geophysics to target zones the old timers may have overlooked. The re-interpretation of historical data is not a new phenomenon. What is a phenomenon is the lack of importance that is paid to doing that, and to top it all off, is the lack of attention to do it properly and to treat the datasets with extreme caution.
In the "old days", things were done differently, and in some ways, it was done with less technology and less emphasis on the methods that have been proven to work in recent times. Then there are considerations such as whether the collection was done by cowboys or not, so the skill is in understanding the datasets and the methods by which it was collected.
In my opinion, irrespective of the way historical data was collected and interpreted, the point is that the skill now is to do it with diligence and importance, otherwise, it will be a case of "Rubbish In and "Rubbish Out"
For E79, it probably appears that Targets 1 and 2 are probably not just shots in the dark, as I do have a lot of faith in management. The target looks like they do represent structurally sound zones that are supported by geophysical interpretations, and are adjacent to known mineralisation.
We are told that there are pending assays from the recent air-core programs, so the news flow could build rapidly.
As always, “money in the ground” is E79’s motto. The next few months may show just how well that principle plays out in the Laverton Tectonic Zone.
Happy Investing and remember, always DYOR.
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