Element79 Gold Corp C.ELEM

Alternate Symbol(s): ELMGF

Element79 Gold Corp. is a Canada-based mining company, which is focused on gold, silver and associated metals. Its focus is on developing its gold and silver mine, the Lucero project located in Arequipa, Peru, and its flagship Maverick Springs Project located in the gold mining district of northeastern Nevada, United States, between the Elko and White Pine Counties. The Maverick Springs Project consists of approximately 4,800 acres across 247 unpatented claims. The Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada. The Dale Property consists of 90 unpatented mining claims located over 100 kilometers southwest of Timmins, Ontario. The Maverick Springs Project in the northeastern Nevada hosts an inferred resource of 1.37 MMoz Au and 278MMoz Ag with high potential for expansion. The Lucero project consists of 10,805 hectares located in the Shila range of southern Peru, which contains several historic high-grade gold-silver mines.

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Element79 Gold Corp > Completes Acquisition of Nevada Gold Portfolio

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Comment by BuenaSuertaAtodon Jan 13, 2022 9:08am

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Post# 34311949

RE:RE:Completes Acquisition of Nevada Gold Portfolio

Stocks2Go wrote: This is great news. Very good deal.

I

So good that the stock price moved up the following day, before resuming the drift downward. Was the share price as high as it was only because few if any retail investors had shares yet? Was there a "stock promotion" that combined with temporarily restricted share availablity resulted in a higher share price than the fundamentals would have justified? I don't know, but I would not buy until I did. Just a heads-up as it's been known to happen - I don't know if that's happening here.

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