E79 e79 gold mines limited

Ann: Compelling New Gold Targets Identified at Laverton South, page-3

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    Compelling New Gold Targets Identified at
    Laverton South

    Further regional drill targets to be tested imminently with AC drilling
    Project-wide review of the Laverton South Project completed,
    resulting in the identification of numerous new drill targets.
    As part of this process, a large-scale geophysical review was
    undertaken with the newly identified targets covering geophysical
    anomalies in close proximity to known gold deposits.
    Drilling of these regional targets planned to commence imminently
    while full assays are awaited from the recently completed aircore
    program west of the Lighthorse discovery by neighbouring KalGold
    (ASX: KAL).

    West Australian-based explorer E79 Gold Mines Limited (ASX: E79) (‘E79 Gold’ or
    ‘the Company’) is pleased to provide an update on exploration activities at its
    Laverton South Gold Project (Figure 1) in Western Australia.
    E79 Gold CEO, Ned Summerhayes, said: “As part of the regional work completed
    recently over the Laverton South tenements, we have reprocessed a number of historic
    datasets in light of the recent Lighthorse discovery by neighbour KalGold.

    “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. Our plan is to test these targets with air-core drilling in the near future, with
    work already underway to commence drilling while we await full assays from the
    recently completed program.”
 
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