MPX Spin Off E79 Resources announces Bonanza Assay Results

Vancouver, B.C., June 14, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to report initial assay results received from the first two drill holes (April 27, 2021) at its Happy Valley Gold Prospect on its Myrtleford property in Victoria, Australia.

DRILLING HIGHLIGHTS

Drill hole HVD002: 

• 0.70m @ 99.00 g/t Au from 94.90m downhole

Drill hole HVD003:

• 0.60m @ 147 g/t Au from 165.20m downhole

• 11.10m @ 160.45 g/t Au from 190.40m downhole including:

  • 0.60m @ 2,430 g/t Au from 190.40m

  • 3.00m @ 126 g/t Au from 198.50m

Rory Quinn, E79’s President and Chief Executive Officer stated, “Our drill program at Happy Valley was designed to test for down-dip extensions of previously mined high-grade (~31g/t Au) quartz vein structures. The first two drill holes at Happy Valley confirm extension of mineralized structures substantially below known historic mining levels. HVD002 intersecting gold roughly 60m beneath known historic mining and HVD003 intersecting gold roughly 80m below that.

Confirmation of a section of visible gold assaying at over 78 ounces per tonne (2,430 g/t Au) demonstrates the high-grade potential of the Victorian Goldfields. The presence of four other intersections assaying greater than 3 ounces per tonne demonstrates this is not a ‘one hit wonder’ at Happy Valley. Happy Valley sits within a ~7km corridor of historic gold mines at Myrtleford and that is one of 5 distinct corridors of historic gold mines observed on our Myrtleford property.”

Nathan Mitchell joins MPX as Non-Executive Chairman

Mineral exploration accelerator MPX is pleased to announce that Nathan Mitchell has joined the board as Non-Executive Chairman.

Mr. Mitchell has been involved in the drilling and resource exploration industries for virtually his entire life. With a career spanning almost 30 years, he has a proven track record as an industry leader in technical development and business growth. Mr. Mitchell is currently Executive Chairman of the Mitchell Group including Energy and Equipment as well as Mitchell Services (ASX:MSV). Previously, as CEO of Mitchell Drilling Contractors, Mr Mitchell led the Company through a period of rapid local growth and directed an international expansion into India, China, Indonesia, the United States and southern Africa. Other directorships include Mitchell Drilling International Pty Ltd and Adaman Resources . Mr. Mitchell also previously served on the board of Westside Corporation (ASX:WCL) from 2008 to 2014 and Tlou Energy Limited (ASX:TOU) from June 2009 to February 2016.

Mr. Mitchell joins co-founders Grant Wechsel and Simon Cohn as well as non-executive directors Fred Hess and Grant Moyle on the board as the company looks to rapidly expand its portfolio of exploration assets heading in to a planned IPO in 2021.

Executive Director Grant Wechsel commented on Mr. Mitchell’s appointment, adding: “Nathan is a proven leader in our industries having had tremendous success with Mitchell Drilling, Mitchell Services and the broader Mitchell Group.  His experience with rapid growth companies and his genuine belief in MPX’s business model will all greatly assist the company to deliver positive outcomes for our shareholders. 

MPX identifies, acquires and invests in mineral exploration across Australia. Our robust process combines strong commercial focus, technical expertise, artificial intelligence, machine learning technology and investment analysis at a series of tollgates. This has enabled MPX to fast-track project commercialization with the company recently selling it’s Victorian gold projects to Canadian listed E79 Resources Corp. (CSE:ESNR) last month.

Grant Moyle joins MPX a Non-Executive Director

The board of MPX - Mining Projects Accelerator are pleased to announce the appointment of Mr Grant Moyle as a Non-Executive Director.

Grant joins the MPX board, bringing specific corporate structuring and rapid growth experience in the form of Public and Private company directorships. Having successfully started and exited multiple companies across multiple geographies. His experience with rapid growth in mining and finance is ideally suited for MPX.

Grant is currently a Non Exec Director for a number of companies and previously held the role of CEO for the Mitchell Group (Mining and Investments - Brisbane), Managing Director for P-Solve (Funds Management & Advice - London) & Co-Founder and CEO of Salva Resources (Mining Services - Australia & International).

Grant will focus on developing rapid growth strategies, Corporate Structuring and Governance for MPX.

Noosa Mining & Exploration Investor Conference

Our Executive Directors Grant Wechsel and Simon Cohn have enjoyed the Noosa Mining & Exploration Investor Conference this week as MPX - Mining Projects Accelerator continues to develop further projects in our pipeline and drive commercialisation of existing projects.

The Conference is designed to give investors, brokers and fund managers a better understanding of current investment opportunities in the mining, energy and exploration sectors, the Conference brings senior company executives and investors together