Victoria Goldfield Exploration
RECENT NEWS
E79 Resources Announces Closing of $8 Million Financing Led by Eric Sprott
Vancouver, B.C., June 23, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds of $8,000,000. The Company has issued...
E79 Resources Announces $8 Million Financing, Led by Eric Sprott
Vancouver, B.C., June 15, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to announce it has arranged a non-brokered private placement financing at a price of $1.00 per share for gross proceeds of $8,000,000, including a lead...
E79 Resources Drills 11.10m of 160.45 g/t Gold at the Happy Valley Prospect, Victoria, Australia
Vancouver, B.C., June 14, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to report initial assay results received from the first two drill holes (April 27, 2021) at its Happy Valley Gold Prospect on its Myrtleford property in...
ABOUT E79
Large 100% owned portfolio in the prolific and underexplored Victorian Goldfield
in similar geological setting to world class Fosterville gold mine in Victoria, Australia
Aggressive exploration program targeting +20,000m drilling
at past producing Beaufort and Myrtleford projects
Over 6Moz historical alluvial & hard rock production from 2 districts
Hard rock source has not been systematically explored for and remains unrealized
Team with Victorian Goldfield experience and on ground presence
along with an attractive valuation; potential for multiple catalysts at both properties
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VICTORIAN GOLDFIELDS
Tier-1 gold jurisdiction – produced over 80Moz of gold (Au) only recently reactivated after decades of underinvestment
Largest single goldfield at Bendigo produced +20Moz Au, primarily from hardrock underground mines
Field hosts one of the
highest grade deposits globally
(Kirkland Lake’s Fosterville gold mine)
Most major deposits are associated with significant alluvial gold mining
BEAUFORT
1.16Moz historical alluvial production with no hard rock source identified
Gold nuggets up to 400 oz recovered from adjacent alluvial fields – supporting idea of proximal primary gold source
Fosterville style mineralisation not considered by previous explorers targeted large tonnage, low grade open pitable type deposits
Orientation soil sampling defined a 2.5km long gold-arsenic-antimony trend common geochemical pathfinder association in Victorian goldfields. Trend open along strike.
Permit hosts over 70 past producing high grade underground gold mines with grades often greater than 31 g/t Au
Large alluvial district with
estimated production of >5Moz
Unique proposition – district scale consolidation of historic gold mining camp which hasn’t seen holistic, modern exploration approach
Focus on developing multiple drill targets over following months
MYRTLEFORD
MYRTLEFORD
Permit hosts over 70 past producing high grade underground gold mines with grades often greater than 31 g/t Au
Large alluvial district with
estimated production of >5Moz
Unique proposition – district scale consolidation of historic gold mining camp which hasn’t seen holistic, modern exploration approach
Focus on developing multiple drill targets over following months
EXPLORE E79 RESOURCES
Beaufort Property
Myrtleford Property
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LOCATIONS
Head Office
907-1030 West Georgia St.
Vancouver, BC, V6E 2Y3, Canada
Australia Office
1/24 Wandoo St., Fortitude Valley, Queensland, 4006, Australia