• E79 Resources (ESNR) is working on their Myrtleford project in Australia, particularly at the Happy Valley and Swiss Creek zones which have shown promising results.
• Pat Donnelly, representing E79, introduced himself at the New Orleans investment conference and mentioned he joined the company in May.
• The company's market cap is approximately CAD$9 million, but they have $6 million in cash. Their exploration results in Australia have been positive.
• E79 can sustain drilling for at least two more years with their current funds. Their drilling costs are relatively low, allowing them to keep a consistent pace.
• They are currently drilling at Swiss Creek, and will re-evaluate and resume drilling in other promising areas in the upcoming months.

About E79 Resources

E79 Resources is a junior gold exploration company focused on the high-grade Myrtleford gold project in the Victorian Goldfields in Australia. With over $6 million in cash and a low burn rate, E79 is well positioned to continue exploration even in a volatile market environment.

Interview with Patrick Donnelly, President & CEO of E79 Resources

The Myrtleford Gold Project

The Myrtleford project covers a large 295 km2 land package in a historic but underexplored gold district. Mineralization at Myrtleford occurs in high grade quartz veins, with drilling by E79 returning exceptional results like 11m at 160 g/t gold at the Happy Valley prospect.

While still early days, E79's drilling to date has confirmed the presence of numerous high-grade shoots. More work is needed to understand the structural controls on mineralization and expand known zones. Over a dozen untested targets have been identified across the claims, presenting substantial upside.

Key Prospects

Happy Valley - This prospect produced E79's best hole to date, with 11m at 160 g/t gold. Follow up drilling has traced the high-grade vein over 100m down-dip and it remains open. E79 is working on a 3D model to guide the next round of drilling here.

Swiss Creek - Recent drilling at this new prospect has returned encouraging intercepts including 3m at 11.4 g/t gold and 7m at 4.2 g/t gold. E79 will wrap up the current program shortly and plans to resume drilling after additional interpretation work.

Strategic Approach

E79 is taking a patient, systematic approach to exploration. Instead of chasing quick headlines, the technical team is focused on developing a robust geological model to vector in on the highest quality targets.

With a modest burn rate and years of funded exploration, E79 can bide its time, waiting for the right market conditions to advance the project. Ongoing drilling and news flow will organically enhance the value of the Myrtleford gold project over time.

Financial Position

With over $6 million in cash and minimal overheads, E79 is well capitalized to continue exploration activities. The company expects the current treasury to fund operations for at least 2 years with no additional financing required.

E79 also benefits from the weak Australian dollar, which reduces drilling costs to around $200 per meter. This allows the company to maximize the number of meters drilled under its constrained exploration budget.

5 key Takeaways for Investors

1. High-grade gold project in a premier mining jurisdiction (Australia)
2. Early drilling has returned exceptional results including 11m at 160 g/t gold
3. Well-funded with over $6 million in cash, able to continue exploration even in down markets
4. Systematic exploration approach focused on developing robust geological models
5. Minimal downside risk with shares already trading at steep discount to past valuations

Conclusion

E79 offers investors upside exposure to a promising high-grade gold project in a premier mining jurisdiction. Supported by a strong treasury, E79 can continue enhancing the value of Myrtleford, even amid volatile markets.

With minimal downside risk, a lengthening exploration runway and pending drill results, E79 is compellingly positioned. Investors looking for quality junior gold exposure trading at a steep discount may want to take a closer look at E79.