Gold79 Mines Sees Multimillion Ounce Gold Potential at Gold Chain Project

Gold Investing
Gold79 Mines President and CEO Derek Macpherson

“We've got a real opportunity to demonstrate scale, which I think is the exciting opportunity," said Derek Macpherson, president and CEO of Gold79 Mines.

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

Gold79 Mines (TSXV:AUU) is highly confident about the resource prospects of its Gold Chain project in Arizona, and is gearing up for a 1,000 meter drill program set to commence in January 2023 at the Sheep Trail and Tyro mine targets, where historical drilling results have been promising.

The focus of the drilling program, particularly at the Tyro target, is to demonstrate the strike stem, according to Derek Macpherson, president and CEO of Gold79 Mines.

“We have pretty good evidence (of mineralization) over 400 meters (and) we want to stretch that out to a kilometer,” Macpherson said. “And then at Sheep Trail, we're going to try and put some of those high grades that we see at surface over these big mineralized widths in a box, by drilling underneath some of the vague exposures that we see at surface. And I think that's going to be potentially very exciting for investors.”

Gold79 Mines' work on the Gold Chain project is aimed at demonstrating the asset’s multimillion ounce gold potential, and maiden drilling has returned results of up to 10.68 grams per tonne gold at 3 meters and 2 grams per tonne gold at 21 meters.

“We've got a real opportunity to demonstrate scale, which I think is the exciting opportunity, and besides that we have high-grade (mineralization) sticking out of the ground,” Macpherson said.

In addition to Gold Chain, Gold79 Mines is in the process of securing permits for the maiden drilling of its Jefferson Canyon gold-silver project, located in Nye County, Nevada. The company recently signed an exploration and option agreement with senior mining firm Kinross Gold USA.

Watch the full interview with Derek Macpherson, president and CEO of Gold79 Mines.

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