E79 Resources Announces Visible Gold at Happy Valley Target

E79 Resources (CSE: ESNR)(OTC: ESVNF) — currently trading around C$0.90 per share — has announced the presence of visible gold (VG) in core samples from multiple, newly-completed drill holes at the Happy Valley target area of its 100%-owned Myrtleford Gold Project in Victorian Goldfields, Australia.

E79 CEO, Rory Quinn — whom you’ll be hearing more from in a moment — commented via press release:

“Significant visible gold has been observed in two recently completed drill holes in ongoing drilling at Happy Valley. While assays are pending, and drilling continues, we feel that we are beginning to get a better understanding of the mineralization. We have now observed visible gold in 5 out of 7 deep exploration drill holes completed at Happy Valley.”

happy valley map

Next steps include additional drilling, data collection, and structural interpretation with the aim of developing a comprehensive structural model for the Happy Valley target area.

Importantly, preliminary modeling suggests an extension of high-grade quartz veining at-depth below the historic Happy Valley mine workings.

The observance of visible gold in 5 of 7 deep exploration holes at Happy Valley to-date has the E79 geologic team — as well as ESNR/ESVNF shareholders — chomping at the bit for the next batch of assays.

In the meantime, the company continues to do yeoman's work by including detailed drill hole information, maps, cross sections, and drill core images in its press releases… so be sure to review those in detail as we collectively await assays.

E79 is also advancing its second 100%-owned property in the Victoria Goldfields — the Beaufort Gold Project (see below) — which hosts a historical alluvial gold haul of ~1.2 million ounces. 

In between E79’s two core properties are multiple, large, high-grade deposits including Kirkland Lake’s Fosterville Mine, which is the largest gold producer in the district at over 400,000 ounces per year.

Thus, when looking specifically at ‘mining address’ and ‘mining-friendly jurisdiction,’ E79 is certainly in the right place to be exploring for high-grade, economically viable deposits of the yellow metal.

myrtlefort and beaufort map

Our own Gerardo Del Real of Junior Resource Monthly caught up with E79 CEO, Rory Quinn, to go over the significance of intersecting VG in the early drill rounds with assays forthcoming… or as Rory likes to say, “catching a kangaroo by its tail!”

Click here to enjoy this exclusive interview.

As always, Gerardo has been providing all the key insights on E79’s exploration and drilling successes at the Myrtleford and Beaufort projects and will continue to do so to the benefit of his readers and current and potential ESNR/ESVNF shareholders. 

Gerardo has a brand new uranium recommendation out to his JRM subscribers — click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil.

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And click here for our feature report on E79 Resources.

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Yours in profits,

 

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Mike Fagan
Editor, Resource Stock Digest

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