The company is focused on developing its flagship asset, the Neavesville Project in New Zealand.
E2 Metals’ Neavesville Project is located in the North Island of New Zealand. It is an epithermal deposit in the Hauraki Goldfield, a major gold producing area.
Since mining commenced in the late 1800’s, the Hauraki Goldfield has recorded production of circa 11 million ounces of gold and 50 million ounces of silver.
The region includes a number of world class gold mines including the Waihi Mine, which is currently New Zealand’s major gold producing mine.
Neavesville has the potential for significant near-surface, bulk tonnage, gold-silver mineralisation occurring in association with stringer quartz veins.
The Mount Hope Project, located in the Cobar Goldfield in New South Wales, is E2 Metals’ second project.
Previous drilling has intercepted high grade gold mineralisation at the Mount Solitary Prospect within Mount Hope.
Recent drilling completed by E2 Metals has confirmed that the Mount Solitary Prospect is open at depth and to the west.
The company currently has a 51% interest in the Mount Hope Project and has agreed to acquire the remaining 49%.
E2 Metals will use part of the funds raised by the initial public offer to pay the balance of the purchase price.