ELEM:CC - Element79 Gold Corp. Announces Filing of NI 43-101 Technical Report for Gold Mountain Project, Nevada
(TheNewswire)
Vancouver, British Columbia –September 3, 2025 – TheNewswire - Element79 GoldCorp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (the “Company” or“Element79”) is pleased to announce that it has filed anindependent National Instrument 43-101 (“NI 43-101”) TechnicalReport (the “Report”) for the Company’s Gold Mountain Projectlocated in the Battle Mountain Mining District of Lander County,Nevada.
The Report, authored by Steven L. McMillin, MSc, CPG, of RangefrontMining Services, outlines the geological potential of the 702-acreproperty, which consists of 34 unpatented lode mining claims in one ofNevada’s most productive and historic mining districts.
Highlights from the Reportinclude:
Historic drilling by Placer Dome (2005) returned intercepts of:
7.62m grading 0.48 g/t Au
10.67m grading 0.99 g/t Au
Figures 11-14 of the report outline 2023 surfacesampling of 116 rock samples , confirming high-grade Au-Ag-Pbmineralization associated with structurally controlled zones andlower-grade porphyry-style mineralization linked to the Long PeakStock.
The project lies just 0.5 miles south of the historic Dewitt Mine,which produced high-grade gold and silver ores from the1930s–1950s.
A Bureau of Land Management (BLM) Notice of Intent (NOI) has been approved, permitting up to 21drill pads and associated roads.
A fully costed exploration program totaling US$800,000 has been recommended,including detailed mapping, geophysics, and 8,000 feet of RC drillingto test high-priority targets.
About the Gold MountainProject
The GoldMountain Project comprises 34 unpatented lode mining claims coveringapproximately 702 acres, located 13 km southwest of the town of BattleMountain, Nevada. Major nearby operations include Nevada GoldMines’ Phoenix-Fortitude mine complex, SSR Mining’s Marigold mine,and i-80 Gold’s Buffalo Valley project. This places Gold Mountainwithin a Tier 1 mining jurisdiction that continues to attractsignificant institutional investment.
CEO Commentary
Element79 Gold Corp. CEO Mike Smithcommented: “The filing and completion of this Technical Report onGold Mountain is a major milestone for Element79 Gold. Gold Mountainsits in the heart of one of Nevada’s most prolific mining areas, andthe Report confirms both the historic presence of significant goldintercepts and the potential for new high-grade discoveries. Withdrill permits in hand and a clear exploration roadmap, we believe thisproject offers a compelling value creation opportunity. The proximity toprod ucing mines such asPhoenix-Fortitude and Marigold further validates the potential of thisdistrict. We see Gold Mountain not only as a growth engine forElement79 but also as a great starting point to start our NorthAmerican refocussing.”
Qualified Person
The technicalinformation in this release has been reviewed and approved by KimKirkland, Director of Element79 Gold Corp, Fellow of AusIMM #309585,and a "qualified person" as defined by National Instrument43-101.
About Element79 Gold Corp.
Element79 GoldCorp is a mining company focused on gold and silver exploration, witha portfolio of assets in Nevada and Peru. The Company is activelyadvancing its Elephant project in the Battle Mountain trend of Nevadaand has recently acquired the drill-ready Gold Mountain project inBattle Mountain, Nevada. The Company also holds an option to purchasethe high-grade Lucero mine in southern Peru. Element79 Gold hascompleted the transfer of its Dale Property in Ontario to its whollyowned subsidiary, Synergy Metals Corp., and is progressing through thePlan of Arrangement spin-out process. Element79 Gold is listed on theCanadian Securities Exchange (CSE: ELEM), the Frankfurt Stock Exchange(FSE: 7YS0), and the OTC QB market (OTC: ELMGF).
For more information about Element79 Gold Corp., pleasevisit www.element79.gold orcontact:
Investor Relations
+1.604.319.6953
ON BEHALF OF THE BOARD OFDIRECTORS
Mike Smith
CEO
Cautionary Note Regarding Forward-LookingStatements
This pressrelease contains forward-looking statements within the meaning ofapplicable securities laws. The use of any of the words"anticipate," "plan," "continue,""expect," "estimate," "objective,""may," "will," "project,""should," "predict," "potential" andsimilar expressions are intended to identify forward-lookingstatements. This press release contains forward-looking statementsconcerning the Company’s exploration plans, development plans andthe Force Majeure Event. Although the Company believes that theexpectations and assumptions on which the forward-looking statementsare based are reasonable, undue reliance should not be placed on thesestatements because the Company cannot provide assurance that they willprove correct. Forward-looking statements involve inherent risks anduncertainties, and actual results may differ materially from thoseanticipated. Factors that could cause actual results to differ includeconditions in the duration of the Force Majeure Event, and receipt ofregulatory and shareholder approvals. These forward-looking statementsare made as of the date of this press release, and, except as requiredby law, the Company disclaims any intent or obligation to updatepublicly any forward-looking statements.
Neither theCanadian Securities Exchange nor the Market Regulator (as that term isdefined in the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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