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Scorpion to farm into E79's Jungar Flats

14th February 2025

By: Creamer Media Reporter

     

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West Australia-based explorer E79 Gold Mines on Friday announced an earn-in and joint venture (JV) agreement with ASX-listed Scorpion Metals for the Jungar Flats project in the Murchison region.

E79 Gold CEO Ned Summerhayes said the farm-in agreement with Scorpion delivered several positive outcomes for shareholders. “We reduce our expenditure commitments while remaining exposed to any exploration success going forward, with the JV allowing us to focus on our 100%-owned near-term discovery opportunities at the Laverton South (WA) and Mountain Home (NT) projects,” said Summerhayes.

He added that the Scorpion team had a track record of discovery. “The Murchison assets will benefit from being part of a larger-scale regional play,” said Summerhayes.

The project covers 698 km2 and is comprised of the following eight tenements.

Edited by Creamer Media Reporter

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