West Australian-based explorer E79 Gold Mines Limited provided an update on exploration at its WA projects. The Laverton South Project, with an area of 355km2, 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. E79 Gold is gearing up for a large drill program utilising both RC and AC drill rigs.

The RC rig is due on-site in the coming weeks to test deeper and more focused zones at Target 3, where earlier AC drilling results reported by the Company have outlined a 2,600m long and 200m deep anomalous gold system. The results from first-pass RC drilling at Target 3 show strong similarities with the large Granny Smith deposits (Goanna, Granny Smith and Windich) where gold deposits sit within a 3km long zone of low-grade gold anomalism within which the higher-grade gold deposits are related to changes in geometry of the host structures on the eastern side of a kilometre-scale granitic intrusion. Gold mineralisation in the Granny Smith deposits is expressed as thick zones of low-grade material within the granite, with thick high-grade zones along the granite/greenstone contact where the angle of the contact becomes flatter.

Defining similar changes in structural geometry at Target 3 to those high-grade contact positions at Granny Smith is the key focus of the upcoming RC program, with the rig due on site in the coming weeks. Targets are located both along strike to the north and south and down-dip of previous gold mineralised intercepts. The AC rig is also due on-site around the same time to test for extensions to the Target 3 gold system to the south and to test the granite greenstone contact to the north of the previous RC drilling.

The AC rig will also test areas of Target 4. Of note is the 20 March 2023 announcement by Ramelius Resources Limited 3 of a takeover offer for Breaker Resources NL. Their respective +1Moz 4,5 gold projects at Rebecca and Bombora are 25km apart with E79 Gold's Lake Yindana tenements located central to the two gold deposits. The corporate consolidation of the South Laverton region is positive for E79 Gold's strategic position with any future exploration success having greater value should a larger development proceed in the local area.