ELMGF - Element79 Gold Corp. Provides Update on Chachas General Assembly
(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 17, 202 5 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0| OTC: ELMGF ) , ( the “Company”) herein provides an update on the latest communityengagement and ongoing development efforts in the Rural Community ofChachas (“Chachas”) for its Minas Lucero Project in Arequipa,Peru.
Multi-Stakeholder Meeting in theChachas on April 12th
As previously outlined in the Company’s news releaseof March 28,2025 , the Spring General AssemblyMeeting took place on April 12, 2025, where Element79 Gold Corp’scommunity relationship development team, GAE Peru, was able to presentand discuss upcoming exploration, mill and tailings reprocessing plantdevelopment plans, which begin with the completion of long-termsurface agreements and Formalization of existing REINFO small-scalemining permits with the Company’s mineral leases. These surfacerights access contracts, for the Company and all other mining groupsworking in the Chachas region negotiated and signed with the Chachascommunity.
Element79 Gold Corp’s message and dialogue aroundcollaborative work plans and win-win solutions with the community wereonce again reiterated and were generally well received; in many caseswhere there were inquiries or debates around the Company’sinvolvement, it is reported that both the greater community and itsleaders reinforced and defended the Company’s platform and thebenefit of developing a constructive and long-term workingrelationship together. Dissention against the Company and its planscame primarily from a radical faction of the local artisanal miner’sgroup, Lomas Doradas, where emphatic conversations were drawn out forhours both during and after the General Assembly. Due to thesedisruptions, no formal agreement for either Element79 Gold Corp orLomas Doradas was reached at the General Assembly.
The Chachas community leaders and JAL (JuntaAdministrativa Local, or local community administration board) haveagreed to meet again outside of the General Assembly to formallyduring the week of April 21. The Company will provide furtherupdates and action items in due course following these upcomingmeetings.
Commitment to ResponsibleMining
Element79 Gold Corp. remains dedicated to transparent dialogue, responsible communityand resource development, and long-term profitable and mutuallybeneficial community partnerships . TheCompany will continue to provide updates as these initiativesprogress.
Evaluating Options
The Company upholds that the Lucero project continuesto host significant exploration and production merit as well as itcontinues to develop increasingly strong community relationships forlong-term success.
Due to the ongoing difficulties and delays experiencedover the past 15 months, the Company’s management and Board ofDirectors has elected to put Lucero and adjacent projects into aperiod of review, where with its team and trusted consultants, willevaluate the best ways to proceed with the Lucero project in order tomaximize shareholder value.
The Company continues to review near-term producingmining assets in Peru and South America for additional growthopportunities and will provide further guidance on these in duecourse.
About Element79 Gold Corp.
Element79 Gold Corp. is a mining company focused on exploring and developing itspast-producing, high-grade gold and silver project, Lucero , located inChachas, Arequipa, Peru. The Company is committed to advancingresponsible mining practices and maintaining strong relationships withlocal communities to support sustainable development.
The Company also holds several exploration projectsalong Nevada’s Battle Mountain trend, a region renowned for prolificgold production, and these assets are under contract for sale in thefirst half of 2025. Additionally, Element79 has recently transferredits Dale Property in Ontario to its subsidiary, Synergy Metals Corp.,as part of a spin-out process.
For further information, please visit our website at www.element79.gold .
For corporate matters, pleasecontact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries,please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this NewsRelease, which are not historical in nature, constitute “forwardlooking statements” within the meaning of that phrase underapplicable Canadian securities law. These statements include, but arenot limited to, statements or information concerning future workprograms, results and timing of any work programs, the Company’sperformance or events as of the date hereof. These statements reflectmanagement’s current assumptions and expectations and by theirnature are subject to certain underlying assumptions, known andunknown risks and uncertainties and other factors which may causeactual results, performance or events to be materially different fromthose expressed or implied by such forward-looking statements. Thoserisks include the interpretation of drill results; the geology, gradeand continuity of mineral deposits; the possibility that futureexploration, development or mining results will not be consistent withour expectations; commodity and currency price fluctuation; failure toobtain adequate financing; regulatory, recovery rates, refinery costs,and other relevant conversion factors, permitting and licensing risks;general market and mining exploration risks and production andeconomic risks related to design and engineering, manufacturing,technological processes and test procedures and the risk that theproject’s output will not be salable at a price that will cover theproject’s operating and maintenance costs. Forward-lookingstatements should not be construed as investment advice. Readersshould conduct a detailed, independent investigation and analysis ofthe Company and are encouraged to seek independent professional advicebefore making any investmentdecision. Accordingly, readers should not place undue reliance on anyforward-looking statement. Except as required by applicable securitieslaws, the Company disclaims any obligation to update or revise anyforward-looking statements to reflect events or changes incircumstances that occur after the date hereof.
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