Gold79 Mines sees multi-million-ounce potential at Gold Chain project in Arizona

TL;DR

Gold79 CEO, Derek McPherson, discusses the progress and potential of gold projects in the Walker Lane gold trend, specifically Gold Chain and Jefferson Canyon.

Transcript

thank you in this edition of Inn CEO talks I'm joined by Derek McPherson the president and CEO of gold79 and we're talking about gold in Nevada and maybe a bit in Arizona Derek welcome thanks Stuart for having me again you know you've had a busy year why don't you bring us up to speed on your projects in the I think it's called The Walker Lane gold... Read More

Key Insights

• 💦 Gold79 has made significant progress in their projects, including land acquisitions, technical work, and financing partnerships.
• 🕳️ The projects in the Walker Lane gold trend have significant drill hole data and show geological characteristics that indicate potential for resource estimation.
• 📽️ The option agreement with Kinross on the Jefferson Canyon project provides additional value and optionality for shareholders.
• 😤 Gold79's management team has substantial ownership in the company, demonstrating their commitment to its success.
• 📢 The projects have multi-million ounce potential, and success in any of them could greatly impact the company's market value.
• 😘 Gold79's projects in the Walker Lane gold trend exhibit low sulfidation epithermal systems, with both traditional vein and rhyolite dike mineralization.
• ❓ The upcoming geophysics data release and drilling program will provide further insights and potential excitement for investors.

Questions & Answers

Q: What progress has Gold79 made on their projects in the Walker Lane gold trend?

Gold79 has completed land acquisitions, conducted technical work, and secured financing and option agreements with Kinross on the Jefferson Canyon project. They have also expanded the land package at Gold Chain and conducted sampling and mapping work.

Q: What is the resource stage of the projects?

Both projects are considered to be pre-resource stage, but they have a significant number of drill holes. Jefferson Canyon has over 150 drill holes, while Gold Chain has over 400. This drill hole data provides valuable information for potential resource estimation.

Q: What is the geological potential of the projects?

The projects in the Walker Lane gold trend exhibit low sulfidation epithermal systems. Gold79 has identified two types of mineralization: traditional veins and rhyolite dikes. They have observed wide packages of mineralization, with evidence of high-grade material.

Q: What can investors expect from Gold79 in the next few months?

Gold79 plans to release geophysics data that highlights the regional scale potential of the projects. They also have a drilling program scheduled, focusing on the Tyro and Sheep Trail targets to demonstrate their strike extent and explore for high-grade mineralization.

Summary & Key Takeaways

• Gold79 has been active on two projects in the Walker Lane gold trend: Gold Chain in Arizona and Jefferson Canyon in Nevada.

• They have completed land acquisitions, conducted technical work, and secured financing and option agreements with Kinross on the Jefferson Canyon project.

• Both projects have significant drill hole data, with the potential for resource estimation, and show promising geological characteristics.