E79 Resources Corp (OTCMKTS:ESVNF) (CSE:ESNR) Stock Extends Fall: Down 23% In a Month
Shares of E79 Resources Corp (OTCMKTS:ESVNF) (CSE: ESNR) continued to trend lower on Friday and now down 23% in the past month.
Market Stats
On Friday, ESVNF stock fell 9.51% to $0.5307 with more than 55k shares, compared to its average volume of 18K shares. The stock has moved within a range of $0.5307 – 0.5750 after opening trading at $0.5750.
Revision and Significant Increase to Previously Announced Assay Results for Holes HVD006 and HVD007 at Happy Valley
E79 Resources Corp (OTCMKTS:ESVNF) (CSE: ESNR) on January 27, 2022, announced that the results announced earlier for the two drill holes, HVD006 and HVD007 have been upgraded after identifying a laboratory issue with starting fire noticed through internal QAQC procedures.
Both holes were drilled at Happy Valley prospect on Myrtleford Exploration License in the Victorian Goldfields, Australia.
The grade revision reflects a two to three-fold increase from earlier reported results. E79 Resources internal QAQC procedures have demonstrated that some of its initial assays had under-reported gold assays vis-à-vis subsequent LeachWELL. There was an issue with the AAS instrument finish.
The firm harnesses 50g fire assay method with atomic absorption spectroscopy on a complete set of samples. LeachWELL analysis, as well as 50g fire assay on tails, is finished on samples with visible gold observed in drillcore.
The bulk check assays were received after some time. Furthermore, any 50g fire assay returns will be undergoing gravimetric analysis. Before usage of gravimetric finish, over-range samples are re-assayed utilizing low charge weight fire assay.
Sample submissions in the future would be shared with Adelaide for sample presentation and then to Perth for fire assay on a complete set of samples. LeachWELL analyses would be continuing to check on the precision of fire assay results.
