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E79 Gold Mines Limited ( (AU:E79) ) just unveiled an announcement.
E79 Gold Mines Limited has completed a high-resolution ground gravity survey across its newly acquired Cue Gold Project in Western Australia’s Murchison Gold Province, a region known for high-grade quartz reef–hosted gold deposits. The survey, comprising 3,474 gravity stations on a 100–200 metre grid, is designed to map gold-mineralised structural corridors beneath shallow cover, leveraging a technique that has proven successful in delineating high-grade gold-bearing structures at neighbouring operations including Day Dawn and Break of Day. The new gravity data will be integrated with re-processed historical magnetic datasets over the next two to three weeks to generate and refine priority drill targets, marking a key step in advancing E79 Gold’s exploration program and potentially elevating the project’s role within a well-endowed gold district.
The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.
More about E79 Gold Mines Limited
E79 Gold Mines Limited is an Australian gold exploration company focused on high-grade, quartz reef–hosted gold deposits in Western Australia. Its key assets include the recently acquired Cue Gold Project in the Murchison Gold Province, strategically located near historically significant operations such as Westgold Resources’ Great Fingall Mine and other high-grade deposits in the region.
Average Trading Volume: 887,284
Technical Sentiment Signal: Buy
For an in-depth examination of E79 stock, go to TipRanks’ Overview page.