E79 Gold Identifies Strong Drill Targets Near KalGold’s Lighthorse Discovery

Konrad Forrest
E79

E79 Gold Mines Limited (ASX: E79) has identified multiple high-priority drill targets west of Kalgoorlie Gold Mining Limited’s (ASX: KAL) emerging Lighthorse gold discovery in Western Australia. The company’s latest high-resolution magnetic data review has highlighted significant structural complexity within its tenements, presenting exciting exploration potential.

Key Highlights:

  • New Drill Targets: Geophysical data reveals structural offsets, demagnetised zones, and fault networks, indicating possible gold-hosting structures west of the Lighthorse discovery.
  • Proximity to Major Discovery: Recent drilling by KalGold, just 50–550m from E79’s tenure, returned strong gold intercepts, including 17m at 4.81 g/t Au and 8m at 2.29 g/t Au.
  • Upcoming Drilling Program: An air-core drill rig has been booked, with first-pass drilling scheduled to commence within the next few weeks.

E79 Gold CEO, Ned Summerhayes, stated:
"Given KalGold’s promising Lighthorse discovery so close to our boundary, we’ve accelerated exploration. Our high-resolution magnetics have pinpointed several compelling targets, and we’re eager to start drilling shortly."

Strategic Positioning in a Prolific Gold Belt

E79 Gold’s Laverton South Gold Projects, covering 272km², lie within the Laverton Tectonic Zone—home to 30Moz of historic gold production. This region hosts world-class deposits such as Granny Smith (5.8Moz), Sunrise Dam (10.3Moz), and Wallaby (11.8Moz).

The company is also progressing exploration at its Mountain Home IOCG Copper-Gold Project in the Northern Territory, with rock chip assays up to 45.5% copper and 11.75 g/t gold. Drilling at Mountain Home is planned for the upcoming dry season.

With strong gold targets identified and drilling set to commence soon, E79 Gold is positioning itself for potential new discoveries in one of Australia’s most prospective gold belts.