Significant Exploration Target For The Jefferson Canyon Gold-silver Project

OTTAWA, ON -  Gold79 Mines Ltd. reported on its Jefferson Canyon Project in Nevada. Chairman & CEO, Gary R. Thompson, "Our work at Jefferson Canyon continues to highlight the significant potential of this asset. Our recently identified 4 square kilometer gold-in-soil anomaly, along with compilation of historical data suggests that this is an advanced exploration project. Our review of the historical data suggests there are geological similarities to others, and that the small resource that may have already been identified is just the beginning. We look forward to aggressively drilling Jefferson Canyon later this year, in an effort to start proving up the multi-million-ounce gold exploration target we have identified."

As part of the Company's historical data compilation and review of the Jefferson Canyon project, an exploration target has been defined. It is estimated that the exploration target has the potential for 40 to 200 million tonnes at 0.5 to 1 g/t AuEq with gold and silver. The internal mineralization block model used to assist in providing an outline of the exploration target accounts for about one quarter of the gold-in-soil anomaly area identified in the recently completed soil survey. Large areas of the gold-in-soil anomaly are located to the east and northwest of the previously drilled areas and have not been drill tested.

Gold79 is in the process of preparing its permit application to the US Forest Service for an extensive drilling campaign at the Jefferson Canyon project. Gold79's permitting design will allow holes over the entire soil anomaly as well as to confirm and validate historical drill results. Geophysical data is currently being reprocessed for QAQC and inversion modeling to further refine drill targets.