E79 Resources’ project shares similarities with a world class asset
E79 Resources (CSE: ESNR, OTCQB: ESVNF) has found Fosterville style mineralization at its Beaufort project in the Victorian Goldfields, Australia, said CEO Rory Quinn.
Rory spoke to Kitco on Wednesday.
"We do see some similarities in the geology with Fosterville, which of course is the world-class gold mine owned by Kirkland Lake. [Fosterville] is one of the richest gold mines in the world," Quinn told Kitco.
Kirkland Lake's Fosterville has a reserve grade of 31 g/t, which is among the world's highest-grade gold mines. Fosterville helped propel Kirkland into a top ten gold miner with a market capitalization of $10.3 billion.