Further discovery of gold mineralization below water table The E79 team should be happy with these results because they are drilling off historic mines and don’t have the same level of groundwork to select drill targets like they do at the other property. There is a large number of alluvial gold mines at Myrtleford and also some hard rock production which never had the capacity to mine below the water table.
What’s special about the early drill results is the discovery of gold mineralization at ~100m; well below the standing water-table. Now they can drill test all these other mines to find the hard rock source with some confidence to build scale
• Happy Valley Mining Centre produced at a high-grade of ~31g/t Au
• Consolidated 70 past producing gold mines
• Single contiguous parcel covering 418km²
• Collectively produced 6.3 Moz 3 in the past