Outstanding HighGrade Copper Rock Chips & Expanded Footprint

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Stock E79 Gold Mines Ltd (E79.ASX)
Release Time 23 Oct 2025, 8:21 a.m.
Price Sensitive Yes
 Outstanding High-Grade Copper Rock Chips & Expanded Footprint
Key Points
  • Successful mapping and rock chip sampling program with high-grade copper results
  • Expanded prospective footprint at Mountain Home Copper-Gold Project
  • Key access agreement signed with local pastoralist, enabling initial drilling in 2026
Full Summary

E79 Gold Mines has completed a successful mapping and rock chip sampling program at its Mountain Home Copper-Gold Project in the Northern Territory, delivering high-grade copper results over an expanded area. Key highlights include: - Rock chip samples returning up to 24.3% Cu and 1.56g/t Au, located up to 950m from previous high-grade copper- Detailed mapping identifying an en-echelon series of sinistral faults hosting the copper-gold-bismuth mineralization, with a 3km envelope of similar brittle quartz breccias to the north- Upcoming large-scale co-funded airborne gravity survey to potentially map major structures through the region- Fieldwork for a heritage survey completed, with approvals expected in Q4 2025 to enable initial drilling in 2026- Preliminary assessments indicate the Mountain Home Project may be part of the intra-cratonic copper-gold deposit family, similar to notable occurrences in the Tennant Creek mineral field

Outlook

E79 Gold is focused on advancing the Mountain Home Copper-Gold Project, with initial drilling planned for 2026 following the completion of heritage approvals. The upcoming airborne gravity survey is expected to provide valuable insights into the regional structures and prospective rock units to support future discovery opportunities.