ELEM:CC - Element79 Gold Appoints CEO James Tworek to Board of Directors
(TheNewswire)
Vancouver, British Columbia –TheNewswire - July 12, 2023 – Element79 Gold Corp. (CSE:ELEM)(OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the"Company") is pleased to announce the appointment ofJames C. Tworek, the Company’s CEO, as a non-independent Director ofthe Company. In addition to his operational role as CEO, Mr. Tworekwill now be in a more direct supportive role to work with the Board instrategic decision making and guidance.
James has been the CEO of Element79 Gold Corp since its pre-IPO eraand has built his career holding positions as Director, SeniorManagement, Operational and Analytical roles in both public andprivate companies. As successful entrepreneur, his 25-year careerstarted in banking in 1998 and he has garnered a wealth of experienceacross diverse industries between Commercial Banking, Mining, Oil andGas, Project Finance, mezzanine debt, mortgage brokerage, Hemp/legalCannabis, and Clean Water/Envirotech industries. His investingexperience includes real estate, private mining, private equity,startup generation, tech, and agricultural ventures.
A team leader, James built his career on successfully executing,developing and reaching corporate growth targets. His strongcommunication skills, honesty and integrity with investors andstakeholders make him an asset as a board member.
Mr. Tworek comments “It’s a huge achievement to be brought ontothe board here at Element79, where I can actively be part of thedecision-making process for the Company’s future beyond solely myday-to-day operational role as CEO. I look forward to enactingchange and generating value for our shareholders with my fellowDirectors as the Company continues to grow through executing our plansand strategies today and through the coming years.”
About Element79 Gold
Element79 Gold is a mining company focused on gold, silver andassociated metals. Element79 Gold’s main focus is on two coreproperties: developing its previously-producing, high-grade gold andsilver mine, the Lucero project located in Arequipa, Peru, with theintent to bring it back into production in the near term; and itsflagship Maverick Springs Project located in the famous gold miningdistrict of northeastern Nevada, USA, between the Elko and White PineCounties. Maverick Springs hosts a 43-101-compliant, pit-constrainedmineral resource estimate reflecting an inferred resource of 3.71million ounces of gold equivalent “AuEq” at a grade of 0.92 g/tAuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of Oct. 19,2022 (see news release October 20, 2022, available on SEDAR). Theacquisition of the Maverick Springs Project also included a portfolioof 15 properties along the Battle Mountain trend in Nevada, which arenon-core to its primary business focus. In British Columbia, Element79Gold has executed a Letter of Intent and funded a drilling program toacquire a private company which holds the option to 100% interest ofthe Snowbird High-Grade Gold Project, which consists of 10 mineralclaims located in Central British Columbia, approximately 20km west ofFort St. James. The Company also has an option to acquire a 100%interest in the Dale Property, 90 unpatented mining claims locatedapproximately 100 km southwest of Timmins, Ontario, Canada in theTimmins Mining Division, Dale Township. The Company is analyzing thenon-core Nevada projects, The Dale Property and Snowbird Property forfurther merit of exploration, sale or spin-out. For more informationabout the Company, please visit www.element79.gold
On Behalf of the Company
James Tworek
CEO
Contact Information
Investor Relations Department – Dylan Anderson
Phone: +1.613.879.9387
E-mail: hello@element79.gold
Cautionary Note Regarding Forward Looking Statements
This press contains "forward?looking information" and"forward-looking statements" under applicable securitieslaws (collectively, "forward?looking statements"). Thesestatements relate to future events or the Company's futureperformance, business prospects or opportunities that are based onforecasts of future results, estimates of amounts not yet determinableand assumptions of management made in light of management's experienceand perception of historical trends, current conditions and expectedfuture developments. Forward-looking statements include, but are notlimited to, statements with respect to: the Company’s businessstrategy; future planning processes; exploration activities; thetiming and result of exploration activities; capital projects andexploration activities and the possible results thereof; acquisitionopportunities; and the impact of acquisitions, if any, on the Company.Assumptions may prove to be incorrect and actual results may differmaterially from those anticipated. Consequently, forward-lookingstatements cannot be guaranteed. As such, investors are cautioned notto place undue reliance upon forward-looking statements as there canbe no assurance that the plans, assumptions or expectations upon whichthey are placed will occur. All statements other than statements ofhistorical fact may be forward?looking statements. Any statementsthat express or involve discussions with respect to predictions,expectations, beliefs, plans, projections, objectives or future eventsor performance (often, but not always, using words or phrases such as"seek", "anticipate", "plan","continue", "estimate", "expect","may", "will", "project","predict", "forecast", "potential","target", "intend", "could","might", "should", "believe" and similarexpressions) are not statements of historical fact and may be"forward?looking statements".
Neither the Canadian Securities Exchange nor the Market Regulator (asthat term is defined in the policies of the Canadian SecuritiesExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
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