| Announcement Date: | 2021-12-01 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | NI43-101 |
| Company name: | E79 Resources Corp. |
| Project name: | Myrtleford |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Multiple quartz stinger and quartz-sulphide stinger zones intersected |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C., December 1, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) announces that it has intercepted further encouraging visual results from diamond drill hole HVD010 on the Myrtleford Exploration License (EL) located in the Victorian Goldfields, Australia. Mineralisation is initially encountered approximately 50m above the projected position of the interpreted Porepunkah Reef in HVD008, at a vertical depth of 360m from the surface exposure of the workings (Figure 2). HVD008, a deeper hole, had encountered only weakly altered sediments and narrow quartz structures however from 296 metres onward HVD010 has intersected a broad zone of intermittent quartz, quartz-sulphide and brittle quartz stringer veins; making up ~35% of the drill core, from 296m to 435m downhole. An intense zone of quartz-sulphides was intersected from 304.5m to 309.8m and contains multiple specs of visible gold in association with sulphides (arsenopyrite, pyrite, minor galena). (Figure 3 & 4). |
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