E79 Resources Corp. reported an intersection of visible gold in its maiden drill program at the Twist Creek Prospect on its Myrtleford Project, Australia. This new discovery in an area previously never drill tested, adds significant evidence to the Company's geological model that gold deposition is controlled by deep seated structural controls and as such gold mineralization may continue to significant depths within the Myrtleford project area where the Company has secured up to 45km of strike length of prospective geology with abundant historical mining activity.

After the high-grade gold discovery hole at Happy Valley, where drilling intersected 11.1m @ 160.45g/t Au (HVD003) the Company made a commitment to ramp up the drill activities to test the Twist Creek targets containing up to 6 lines of reef over a 3km strike length (within the 7km long trend) that were historically mined with grades up to 2 ounces of gold per ton. The Twist Creek maiden drill program was designed to focus on zones containing multiple reef structures with historic gold production. Drilling continues at both the Twist Creek and Happy Valley Prospects within the Myrtleford Project area.

The Twist Creek Prospect is situated in the northern portion of the Company's Exploration Licence EL006724 in Victoria, Australia (Figure 1). It lies within a 7km long trend of historical workings and historical mines. The Twist Creek Mining Centre produced gold at an average grade of 31g/t Au.

Prior to E79's maiden drill program, no modern exploration had been conducted at this prospect. Drill hole TWD006 was drilled at an inclination of -60o and towards 147o (GDA Grid). These intersections represent downhole lengths only and as such do not represent true widths.

Historical mining operations were undertaken on subvertical steeply dipping quartz vein structures. Although the geometry of the quartz body intersected in this hole is not clear from this single intersection, the drill core contacts observed are variable and many are at moderate angle (35-55o to core axis). Multiple historic stopes and voids have been intersected either side of the drillcore that contained the visible specs of gold at the Scandinavian prospect.

No historic records of these workings were available but underline the potential for this prospect and what remains both beneath and along strike.