ELMGF - Element79 Gold Corp. (ELMGF) - Encouraging Phase I Exploration Results at Dale

Phase I exploration at Dale. Element79 recently provided an update on the results of its 2021 Phase I exploration program at the Dale property, located within the Swayze Greenstone Belt in Ontario, Canada. The work program, designed to follow up on several prospecting samples that yielded up to 3.8 grams of gold per tonne, consisted of bedrock trenching and soil sampling and was completed in the Fall of 2021. A total of five trenches were excavated, with a total of 83 rock samples and 49 soil samples, which yielded results comparable to earlier prospecting and returned up to 2.6 grams of gold per tonne.Focus is on Peruvian acquisition and Maverick Springs. While the results of Phase I support a Phase II exploration program, management remains focused on closing the acquisition of the high-grade Peruvian gold portfolio of Calipuy Resources, which we think could occur by mid-July, and advancing the Maverick Springs project in Nevada. Read More >>