Myrtleford Property
The Myrtleford Project is a granted exploration license located in northeastern Victoria, approximately 290 km northeast of the state capital of Melbourne and approximately 40 km south of the Victoria – New South Wales border cities of Albury – Wodonga. The license consists of a single contiguous parcel covering 418km².
The Exploration License lies within a northwest-trending belt of alluvial and hard rock gold mines that collectively produced 6.3 Moz³ in the past, mostly from alluvial mining, but also from hard rock production.
Myrtleford represents the consolidation of an entire historic gold camp with over 70 past producing gold mines on the property, where the bulk of historic mining stopped at the water table.
Application for an
Exploration License (EL007670)
Myrtleford HIGHLIGHTS
Permit hosts over 70 past producing
high grade artisanal underground gold mines with grades often greater than 31 g/t Au*
Large alluvial district with
historic production of >5Moz*
Vast majority of historic mining and
exploration terminated at the water-table due to a lack of capital*
Unique proposition – district scale consolidation of historic gold mining camp which hasn’t seen holistic, modern exploration approach
*Myrtleford Technical Report, effective October 26, 2020
Myrtleford at a Glance
Over 70 historical gold mines on the property. Host rocks are of similar age and type as those of the Bendigo Zone in central Victoria that host the Bendigo, Ballarat and Fosterville gold deposits
LOCATION
290km north east of Melbourne
and 40km south of Albury-Wodonga
SIZE
Single contiguous parcel covering 418km²
ACCESS
Multiple paved and gravel roads
OWNERSHIP
100%
NSR
1% NSR, with option to buy back 0.5% for C$3.3M
Gold Camp Consolidation
License consolidates a strategic land package and encapsulates the majority of the prospective mineralized structural trends and areas with hard rock production potential
Majority of historical hard rock mining activities were limited to the depth of water table – historical production consisted of artisanal small mining claims
Numerous trends defined by historical mining activities – these trends have not been tested with modern mineral exploration methods
Large structural trends, hosting high grade historical mines, not systematically explored to date – unique opportunity in a tier-1 jurisdiction
CROSS SECTION
AT HAPPY VALLEY TARGET
Historical cross section showing the Old Happy Valley, New Happy Valley, Christmas and the Porepunkah reefs
Shallow historical drilling demonstrated continuity of grade at depth
The setting of four high-grade reefs, in close proximity to each other, is a compelling drill target for E79
The company is currently carrying out exploration activities at the Happy Valley area
EXPLORE E79 RESOURCES
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