E79 Gold Mines : Outstanding High-Grade Copper and Gold Assays from Mountain Home Project, NT

West Australian-based explorer E79 Gold Mines Limited (ASX: E79) ('E79 Gold' or 'the Company') is pleased to provide an update on exploration activities at the recently optioned Mountain Home Copper-Gold Project1, located in the Northern Territory. Initial reconnaissance sampling mission highly successful in providing exceptional copper and gold values in selective rock chips and extending the known mineralised structure to 1km in strike extent.Exceptionally high-grade copper assays, including 45.5% Cu, 39.8% Cu and 38.4% Cu, returned from selective rock chip sampling, with seven of the 15 rock chips returning values in excess of 22% Cu.High-grade gold values of up to 11.75 g/t Au in selective rock chips.The mineralised outcrop has been extended by this recent sampling to 1,000m while remaining open along strike to the north and south.Soil samples taken perpendicular to the mineralised outcrop show anomalous copper values, over widths across-strike of up to 80m, with coincident anomalous gold.Further field work planned for the current Quarter. E79 Gold CEO, Ned Summerhayes, said: "These outstanding rock chip copper and gold results highlight the very exciting discovery potential of the Mountain Home Project. Encouragingly, we have now encountered high grades in both copper and gold along the entire length of the known mineralised outcrop, now extended to in excess of 1km strike extent and remains open to the north and south."The soil sampling results suggest there may be parallel structures given the across- strike width of anomalism in both copper and gold. These results give us confidence to both follow-up with programmes to extend the Mountain Home copper system and also to follow up historic positive stream and soil samples elsewhere on the project. We are aiming to undertake these exploration programs within the current September Quarter."Northern Territory ProjectMountain Home (EL32470 - NT Minerals Option), EL33886 and EL33886 (both under application - 100% E79)Assays have been returned from E79 Gold's initial reconnaissance sampling program at Mountain Home, including high-grade copper and gold values along the length of the prospective and extended 1,000m long outcrop. Results for all recent E79 Gold samples are provided (contained below in Table 1) and standout rock-chip assay results (Figure 1) include: MHR0004 - 28.9% Cu, 0.16 g/t AuMHR0008 - 0.11% Cu, 11.75 g/t AuMHR0009 - 22.0% Cu, 0.45 g/t AuMHR0010 - 45.5% Cu, 0.08 g/t AuMHR0011 - 38.4% Cu, 0.23 g/t AuMHR0012 - 24.9% Cu, 1.33 g/t AuMHR0013 - 39.8% Cu, 1.72 g/t AuMHR0014 - 30.0% Cu, 0.29 g/t Au It is worth noting that the samples, especially the higher-grade copper results, had abundant oxide-copper mineral malachite (green mineral in Photo 1), that can produce elevated copper results due to supergene (weathering) surficial enrichment. Pure malachite copper content is variable but typically around 57- 58% Cu. Experience has been that the sulphide-rich precursor rocks or sulphide- rich unweathered examples in drilling beneath these types of surface copper assay values will typically be lower grade. For example, 100% un-oxidised chalcopyrite has an average copper content of around 35% Cu - the remainder is iron and sulphur. Click here for the full ASX ReleaseThis article includes content from E79 Gold Mines Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.