GOLD
The share price of Canadian minnow E79 Resources surged 240% to C$1.26 a share on Monday, as the company reported initial assay results from the first two drill holes at its Happy Valley gold prospect in Victoria, Australia.
The two drill holes confirm extension of mineralised structures substantially below known historic mining levels at Happy Valley. HVD002 intersected gold about 60 m beneath known historic mining and HVD003 intersected gold about 80 m below that.
Drill hole HVD003 confirmed a section of visible gold assaying at more than 78 oz/t, or 2 430 g/t.
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