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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.


CSE:ELEM - Post by User

Element79 Gold Corp
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Post by Betteryear2on Mar 20, 2022 9:04pm
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Post# 34530235

Element79 Gold to Provide Further Insight and Analysis

Element79 Gold to Provide Further Insight and Analysis VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Element79 Gold Corp. (CSE:ELEM)(OTC PINK:ELMGF)(FSE:7YS) ("Element79 Gold", the "Company") is pleased to present further insight and analysis on its recently acquired high-grade Peruvian gold portfolios. In a news release dated March 10th, 2022 (or the "Prior Release"), The Company announced it signed a Letter of Intent ("LOI") to acquire all of the issued and outstanding securities of Calipuy Resources Inc. ("Calipuy") and all of its assets and undertakings. Calipuy holds 100% interest in two past-producing high-grade gold-silver mines: The past-producing Lucero Mine ("Lucero"), one of the highest-grade underground mines in Peru's history(1) at grades averaging 19.0g/t Au Equivalent ("AuEq") (14.0 g/t gold and 373 g/t silver)(2), as well as the past-producing Machacala Mine ("Machacala") which averaged production grades of 10.5 g/t Au Eq (6.0 g/t gold and 340 g/t silver)(5). Operations were suspended in 2005 at Lucero and 1991 at Machacala due to the persistence of low gold and silver prices at the time.

Element79 Gold to Provide Further Insight and Analysis on High-Grade Peruvian Gold Portfolio
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