| Announcement Date: | 2022-03-28 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | E79 Resources Corp. |
| Project name: | Myrtleford |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 7.15m @ 10.4g/t Au from 211.85m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C., March 28, 2022. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to report assay results received from drill holes HVD011 to HVD015 at its Happy Valley Gold Prospect on its Myrtleford property in Victoria, Australia. All drill results have now been received for holes HVD011 to HVD014 and partially for HVD015. Significant high grade intersections include 0.45m @ 54.6g/t Au and 1.85m @ 26.5g/t Au (HVD015) and 1m @ 27.7g/t Au (HVD014). Drillholes HVD011, HVD012, and HVD013 all intersected the structure with anomalous gold intersections outside the now defined high grade shoots. The Company is now expanding its drill program with large step-out drillholes to test the Happy Valley structure down-plunge to 500m below surface (see Figure 1). The current interpretation of the high-grade shoots is that they vary in strike length from 35-70m and were mined continuously down-plunge to 180m below surface. Drilling has now confirmed that the mineralisation extends to at least 350m below surface as indicated in HVD010. Each of the gold bearing quartz reefs are interpreted to be offset by a series of flat west dipping faults as depicted in figure 2. The construction of a detailed |
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