Serra Energy Metals

E79 Resources is focused on exploring its Beaufort and Myrtleford gold projects in the Victorian Goldfields of Australia. This region has produced over 80 million ounces of gold historically. The projects cover extensive land positions with hundreds of old gold mines and workings that have seen little modern exploration.

At Myrtleford, drilling at the Happy Valley trend has returned high-grade intercepts including 11.5m at 160 g/t gold and 0.6m at 2,340 g/t gold. These holes tested beneath historic mines, with mineralization open at depth. Recent drilling at the Twist Creek area has also hit high grades below old workings. Multiple untested trends remain.

The Beaufort project lies in an area of significant alluvial gold production yet no primary hard rock source has been identified. Geochemical sampling has outlined anomalies coincident with structures and quartz veins. Initial drilling will target these areas to test for mineralization.