EXERCISE OF CUE METALS OPTION
| Stock | E79 Gold Mines Ltd (E79.ASX) |
|---|---|
| Release Time | 10 Dec 2025, 8:23 a.m. |
| Price Sensitive | Yes |
E79 Gold Exercises Option to Acquire Cue Gold Project
- E79 Gold exercises option to acquire 100% ownership of the Cue Gold Project in Western Australia
- Exploration activities to commence immediately, including a gravity survey to map gold-fertile structures
- Cue Gold Project located in the highly prospective Murchison Gold Province, near Westgold's Great Fingall Gold Mine
E79 Gold, through its 90%-owned subsidiary Cue Metals Pty Ltd, has exercised the Option Agreement to acquire ownership of six tenements at the Cue Gold Project for a total consideration of $50,000 cash and 3,952,570 fully paid E79 Gold shares worth $100,000. The Cue Gold Project is located in the highly prospective Murchison Gold Province in Western Australia, covering an area of approximately 65km² in the Day Dawn Goldfield and situated immediately south of Westgold Resources' renowned Great Fingall Gold Mine. The geological setting of the Cue Gold Project is considered highly prospective for high-grade quartz reef-hosted gold deposits, similar to those found at nearby Great Fingall, Golden Crown and Break of Day. E79 Gold is planning an aggressive exploration program at the Cue Gold Project, with a project-wide ground gravity program scheduled to commence on 14 December 2025 and expected to take 6-8 weeks including processing. The high-resolution gravity dataset will be essential in mapping the cross-cutting fault systems that channel mineralising fluids into the preferred host rocks, providing the structural insights needed to guide the next phase of exploration and unlock the project's full potential.
E79 Gold looks forward to providing further updates to shareholders on the planned exploration strategy over the coming weeks as the Company works to unlock the value of this highly prospective project.