VANCOUVER, BC / ACCESSWIRE / December 23, 2021 / Element79 Gold Corp. (CSE:ELEM)(OTC PINK:ELMGF)(FSE:7YS) ("Element79 Gold", the "Company") is pleased to announce that it has fully closed on an asset purchase agreement (the "Asset Purchase Agreement") acquiring the flagship Maverick Springs Project ("Maverick Springs") and 15 additional Projects that comprise the Battle Mountain Portfolio (individually, each a "Project", and collectively, the "Battle Mountain Portfolio"), located in the gold mining regions of northeastern Nevada.
"With the acquisition of the Maverick Springs Project and the Battle Mountain Portfolio closed, Element79 Gold affirms its place within the premier gold mining district in North America," the CEO and President of Element79 Gold, James Tworek, remarked. "As the worldwide economy moves into an inflationary environment, there is no better time to implement the next phase of our accelerated development strategy."
About Element79 Gold
Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals within the mining-friendly jurisdictions of Nevada, British Columbia, and Ontario. In Nevada, the Company has 16 wholly-owned assets across the state: the flagship Maverick Springs Project, which consists of 247 unpatented mining claims on the border of Elko County and White Pine County, Nevada, and the Battle Mountain Portfolio, which consists of 2,203 unpatented mining claims in Elko County, Eureka County, Humbolt County, Lander County, and Nye County, Nevada. In British Columbia, the Company has executed a Letter of Intent to acquire a private company which holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. In Ontario, the Company has an option to acquire 100% interest in the Dale Property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. For more information about the Company, please visit www.element79.gold or www.element79gold.com
https://www.accesswire.com/679420/Element79-Gold-Completes-Acquisition-of-Nevada-Gold-Portfolio