CSE:ELEM - Post Discussion
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Betteryear2 on Mar 20, 2022 9:04pm
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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