E79 Gold Mines Limited announced that it has re-commenced drilling operations over its Laverton South Gold Project in WA. E79 Gold, which listed on the ASX last year following a successful $7 million Public Offer, has two flagship projects, the Laverton South Project in the world-class Laverton gold district and the Jungar Flats Project in the North Murchison region. Laverton South Project: The Laverton South Project, with an area of 346km2, covers a southern portion of the Laverton Tectonic Zone (`LTZ') approximately 130km east-northeast of Kalgoorlie, within the major gold producing Archean Yilgarn Craton of Western Australia.

Within the Laverton South Project are two tenement packages, Lake Yindana and the Pinjin JV. These projects sit within 15km either side of the ~1Moz Rebecca deposit (Apollo Consolidated/Ramelius Resources), while the Pinjin JV ground straddles the Anglo-Saxon deposits (Hawthorn Resources) and is located 7.5km south of the historic Patricia open pits. E79 Gold has a farm-in agreement with St Barbara Limited (`St Barbara`) over the Pinjin Project, covering 139km2 of prospective ground within the Laverton South Project.

Details of the JV agreement can be found in the Company's Prospectus. The Pinjin JV contains a number of targets that were evaluated and ranked by St Barbara, including walk-up drill targets. Aircore drilling (Figure 1) is underway on one of these targets, Target 3. In late 2021 a total of 40 holes for 3,330m were drilled into the target.

The remaining 39 holes are currently underway. Lake Yindana covers an area of 207km2 in the southern portion of the +30Moz LTZ, approximately 130km east-northeast of Kalgoorlie (Figure 2). The Project consists of a large untested greenstone belt, defined by corroborating magnetics and gravity data, as well as historic drilling, which runs for over 25km through the tenement.

Lithologies from the historic drilling show gabbro, ultramafic and granitic gneiss, with the latter being a similar host to Apollo Consolidated's Lake Rebecca deposit, 9km to the north-west. In addition, recent gravity data shows intrusion-related targets within the greenstone stratigraphy. Murchison Project: The Jungar Flats Project, in the North Murchison region, is located 70km west of Meekatharra and 45km north-northeast of the 2.8Moz Big Bell gold deposit.

The Project tenure covers an area of 336km2, contains approximately 30km of strike of the highly prospective Big Bell Shear and straddles a narrow north-south trending greenstone belt. A ground gravity survey over the bulk of the tenement package is underway and due for completion in mid-January 2022. Of particular interest is the central greenstone belt, which is obscured by granite through the central zone of the tenements.

The gravity survey will allow E79 Gold to infer contacts between granite, the greenstone sequences and broad structural trends under cover and help refine and plan its initial exploration activities.