Fostering collaboration with artisanal miners
As a component of the ongoing efforts and commitment of the Element79 network, the company’s network relations team recently held a coordination assembly with the artisanal miners of Lomas Doradas in April. The assembly aimed to foster collaborative relationships between the groups, seeking mutual help as part of the enterprise. It strives to use shallow land for exploration work. In addition, the Company has also sought exclusive agreements with artisanal miners, ensuring a unified technique for the extraction and subsequent sale of the ore.
As a result of Element79’s commitment to fostering productive relationships with all stakeholders, the Company has provided draft contracts for the option of a 10-year netpaintings approval of surface rights for Element79 at the Lucero mine site with an exploration permit for the entire concession, as well as, as well as, reciprocally, granting local miners’ approval for paintings at the mine site in designated locations for the next 10 years; Among other things, Lomas Doradas will also provide its mining product to Element79 for its next resale in the market. Element79 intends to use its institutional and industry contacts to locate an optimal market value for Lomas Doradas ore while also offering a source of revenue for either party.
A pivotal assembly is scheduled in Chachas on April 28 to further consolidate the collaboration between the Society and Lomas Doradas, where the network will vote on those projects to formalize the relationship between the two parties. Further updates and highlights on this key initiative will follow, pending comments and outcomes from the April 28 assembly.
Community when needed
In early March, a major landslide cut off the Chachas network from its neighboring annex, Nahuira. The Element79 team on the ground temporarily responded to the network’s need for help, offering the help needed to move stranded network members to the other side of the landslide as they were clearing it from the roads.
Cultural Integration and Traditional Ceremony
Element79’s network relations team recently participated in a classic water rite alongside local government and network leaders. This standard Chacha rite, which involves water offerings, showcases the deep-rooted cultural traditions of the Chacha network. The Society revered participating in such a rich and culturally rooted ritual, further demonstrating its commitment to meaningful participation in the network and ongoing integration.
Sustained to social awareness
Visits to the Chachas network site and nearby annexes have continued since the beginning of the year, generating social awareness while also generating for ongoing and long-term exploration activities. The Element79 team has participated in internal consultations with annex leaders, receiving encouraging feedback. for their initiatives. In line with the Sustainable Development Goals, the Company advocates for a progressive approach, prioritizing exploration as a precursor to exploitation permits, aligning itself with the interests of the network.
Cultivate education about networking.
Finally, as a component of their unwavering commitment to the long-term prosperity of the network, adding up through educational empowerment, Element79 and its committed NGO, United for the Environment (UMA), were recently invited to facilitate a workshop on environment, economy and society as a component of an initiative with the Chachas Institute of Community Education. The workshop provided a critical platform to foster discussions and share invaluable data on the environment, economy and society. The active participation of network members and stakeholders on the occasion underlined Element79’s commitment. to sell wisdom sharing and sustainable progress within the Chachas network and beyond.
Image Group 1: Images from sessions organized through UMA, a Peruvian NGO, and Element79 Gold Corp. , sharing educational topics on fitness and wellness, environment, and economics.
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About Element79 Gold Corp.
Element79 Gold is a gold and silver-focused mining company committed to maximizing the price for shareholders through culpable mining practices and the sustainable progress of its projects. Element79 Gold is focused on the progress of its high-grade gold and silver mine, the Lucero Project in Arequipa. , Peru, with the aim of restarting production in 2024.
The Company also owns a portfolio of five homes along the Battle Mountain trend in Nevada, and the Clover and West Whistler projects are believed to have significant potential for near-term resource progression. Three homes in the Battle Mountain portfolio are for sale to Valdo Minerals. Ltd. , with an expected end date in the first part of 2024. The Company has also entered into an option agreement to sell the Maverick Springs Project, a complex-level exploration project. Property with an inferred resource of 3. 71 MMoz AuEq (1. 37 MMoz Au and 175 MMoz Ag) (see NI 43-101 Technical Report entitled: Amended Technical Report on the Maverick Springs Project, Nevada, USA, through Allan Armitage, PhD. , P. Geo, and Rohan Millar, B. Sc. P. Geo. , dated October 7, 2022, available on SEDAR) and expects to close the sale on or before July 21, 2024.
In British Columbia, Element79 Gold signed a letter of intent and financed a drilling program to obtain a personal corporation that has the option of a 100 percent interest in the Snowbird high-grade gold project, which is comprised of 10 mineral concessions located in central British Columbia, approximately 20 km west of Fort St. James.
The Company has the option to obtain a 100 per cent interest in the Dale property, 90 non-patented mining concessions located approximately one hundred kilometres southwest of Timmins, Ontario, and recently announced that it has transferred this allocation to its wholly-owned subsidiary, Synergy Metals. Corp. and advances in the procedure of spin-off of the Settlement Plan.
For more information about the company, please visit www. element79. gold
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If you have questions, please contact:
James C. Tworek, President & Chief Executive Officer
Email: jt@element79gold. com
For investor inquiries, please contact:
Investor Relations Department
Phone: 1. 403. 850. 8050
Email: investisseurs@element79. gold
Cautionary Note Regarding Forward-Looking Statements
This press release comprises “forward-looking information” and “forward-looking information” under applicable securities laws (collectively, “forward-looking information”). These relate to long-term events or long-term functionality of the Company, business customers or opportunities that are based on forecasts of long-term effects, estimates of amounts not yet determinable and control assumptions made in light of best experience. there. of control and their belief in old trends, existing situations and long-term customers. developments. Forward-looking statements include, but are not limited to, those relating to: the Company’s business strategy; long-term plan development processes; exploration activities; the timing and final results of exploration activities; investment projects and exploration activities and their imaginable final results; acquisition opportunities; and the effect of acquisitions, if any, on the Company. Assumptions may prove incorrect and actual effects may differ materially from those anticipated. Therefore, forward-looking statements cannot be guaranteed. Accordingly, investors are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, assumptions or expectations on which they are based will be realized. All statements other than statements of past fact are likely to be forward-looking. Anyone who expresses or discusses long-term predictions, expectations, beliefs, plans, projections, objectives or opportunities or functionalities (often, but not always, using words or terms such as “seek”, “anticipate”, “plan” “, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “forecast”, “potential”, “target”, “intend”, “possibly”, “could”, “should”, “believe” and similar expressions) are not in fact ancient and would possibly be “prospects”.
Actual effects could differ from the forward-looking statements. Forward-looking statements are subject to known and unknown dangers, uncertainties and other points that could possibly cause actual effects to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to: duration and effects of the coronavirus . and COVID 19; similar dangers to acquisition integration; actual effects of exploration activities; conclusions from economic evaluations; adjustments to allocation parameters as plans continue to be refined; raw material costs; adjustments in ore reserves, grades or recovery rates; actual functionality of the plant, apparatus or process compared to specifications and expectations; accidents; hard work relationships; relations with local communities; adjustments in national or local governments; adjustments in applicable law or its application; delays in obtaining approvals or funding or in completing progression or structure activities; exchange rate fluctuations; additional capital requirements; government regulation; environmental hazards; recovery costs; the effects of pending litigation; insurance policy limits, as well as points discussed in the Company’s other public disclosure documents, located at www. sedarplus. ca. Although the Company has attempted to identify vital points that could also cause actual effects to differ materially from those contained in the forward-looking statements, there may be other points that cause effects not to be as anticipated, estimated or expected. The Company believes that the expectations reflected in such forward-looking statements are reasonable, but there can be no assurance that such expectations will prove to be correct and undue reliance should not be placed on the forward-looking statements included herein. These statements speak only as of the date hereof. The Company neither intends nor undertakes any obligation to update any such forward-looking statements as required by applicable laws.