Strike Extension Secured At Happy Valley Gold Prospect

VANCOUVER - E79 Resources Corp. reported on the application for an additional Exploration License along the trend of historical gold workings that include its Happy Valley Mining Centre on its Myrtleford property in Victoria, Australia. As a consequence of ongoing exploration activities and the spectacular assay results received from the first phase of drilling at Happy Valley the Company has applied for an additional Exploration License (EL007670) covering a total of 54km2 immediately south and east of the Current Myrtleford Property (EL006724). The application has been registered with the Victorian Government and has no competing applications against it.  

Rory Quinn, President and Chief Executive Officer, said, "The application for an additional Exploration License along what is believed to be a continuation of a structural or mineralized corridor has allowed the company to maximize the exploration potential of this newly re-discovered high-grade gold prospect. By applying for this additional area, we have secured an additional 5 kilometers (km) of strike of a structural or mineralized corridor on top of the 7km of recently defined structural trend within the existing license, providing E79 with an approximately 12km long mineralized trend of highly prospective ground, just in this one specific area of the property. With over 400km2 of underexplored property dating back to the 19th century, and over 70 past producing gold mines, where the bulk of historic mining and exploration stopped at the water table, the Myrtleford property has tremendous prospectivity for high-grade gold."