E79 Gold Mines Limited Reports Quarterly Progress and Strategic Developments

E79 Gold Mines Limited ( (AU:E79) ) just unveiled an update.

E79 Gold Mines Limited reported its quarterly activities for the period ending March 31, 2025. The company conducted aircore drilling at the Laverton South Project, completing 2,253 meters in 29 holes, with assay results pending. A geophysical review is underway to identify further drilling targets. At the Mountain Home Project, a heritage survey is pending before initial drilling in the dry season. E79 Gold also entered a joint venture with Scorpion Minerals Limited for the Jungar Flats Project, allowing focus on near-term opportunities while maintaining exploration exposure. The company raised approximately $1.8 million in capital during the quarter, ending with a cash balance of $2.13 million.

More about E79 Gold Mines Limited

E79 Gold Mines Limited is a West Australian-based exploration company operating within the gold mining industry. The company holds 1,838 square kilometers of prospective tenure in Western Australia and the Northern Territory, focusing on gold and copper-gold-bismuth projects.

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Technical Sentiment Signal: Buy

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