ELMGF - Element79 Gold Corp Provides Update on Social Commitments Reiterates Focus of Building a Sustainable Future Together with Chachas Community
(TheNewswire)
Vancouver, BC – TheNewswire - October 6, 2023 - Element79 Gold Corp(CSE:ELEM ) , ( FSE:7YS ) , ( OTC:ELMGF) ("Element" or theCompany") is pleased to provide an update on its ongoingefforts to fulfill contractual commitments to the local Chachascommunity, as previously announced in a news release dated ( September 12, 2023 ). Thesecommitments are integral to securing the necessary permits for furtherexploration, with the goal of potential bulk sampling and revenuegeneration in 2024.
Element79 Gold Corp’s management team and contractorswill be present in the Chachas community on October 6-8 for meetingsand a formal donation ceremony, where the delivery of the piping tothe Community of Chachas, Peru. This initiative underscores thecompany's commitment to nurturing positive relationships with localcommunities while upholding the highest standards of environmental andethical responsibility in its exploration endeavors.
The piping will play a vital role in redirecting waterat La Jocha in Ticlla, a critical infrastructure project withfar-reaching benefits for the entire community.
"We express our sincere gratitude for the trustand support extended by the Community of Chachas," remarked JamesTworek. "We eagerly anticipate further collaboration to foster amutually beneficial partnership."
Picture 1. -3,000 metres of 8-inch piping mobilized from Arequipa to Chachas. October 5, 2023
In addition to the piping donation, Element79 Gold Corpis actively engaged with the Community of Chachas in the developmentof a comprehensive plan for sustainable exploration and development atthe Lucero project. This strategic plan prioritizes the minimizationof environmental impact while maximizing the advantages to the localcommunity.
Element79 Gold Corp. reiterates its dedication toconducting environmentally responsible and sustainable explorationactivities, emphasizing the importance of collaboration with the localcommunity for mutual benefit. Element79 Gold Corp is enthusiasticabout its role within the Community of Chachas and eagerly anticipatesfurther cooperative efforts to build a brighter, more sustainablefuture for all parties involved.
For more information about Element79 Gold Corp and itssubsidiary Synergy Metals Corp., please visit https://www.element79.gold
About Element79 Gold Corp.
Element79 Gold is a mining company focused on gold andsilver committed to maximizing shareholder value through responsiblemining practices and sustainable development of its projects. Element79 Gold's main focus is on developing its previously-producing , high-grade gold and silver mine, the Lucero project locatedin Arequipa, Peru, with the intent to bring it back into production inthe near term.
The Company also holds a portfolio of 5 propertiesalong the Battle Mountain trend in Nevada, with the Clover and WestWhistler projects believed to have significant potential for near-termresource development. Three properties in the Battle MountainPortfolio are under contract for sale to Valdo Minerals Ltd., with ananticipated closing date around the end of 2023. The Company hasalso signed an Option Agreement to sell the Maverick Springs project,an advanced-stage exploratory property with an Inferred Resource of3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) andanticipates completing this sale before the end of 2023.
In British Columbia, Element79 Gold has executed aLetter of Intent and funded a drilling program to acquire a privatecompany that holds the option to 100% interest of the SnowbirdHigh-Grade Gold Project, which consists of 10 mineral claims locatedin Central British Columbia, approximately 20km west of Fort St.James. The Company also has an option to acquire a 100% interest inthe Dale Property, 90 unpatented mining claims located approximately100 km southwest of Timmins, Ontario, and has recently announced thatit has transferred this project to its wholly-owned subsidiary,Synergy Metals Corp, and is advancing through the Plan of Arrangementspin-out process through the rest of 2023.
For more information about the Company, please visit www.element79.gold
Contact Information
For corporatematters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: jt@element79.gold
For investor relations inquiries,please contact:
Investor Relations Department
Phone: +1.613.879.9387
E-mail: investors@element79.gold
Cautionary Note Regarding ForwardLooking Statements
This press contains "forward lookinginformation" and "forward-looking statements" underapplicable securities laws (collectively, "forward lookingstatements"). These statements relate to future events orElement79 Gold Corp or Synergy Metals Corp (hereinafter “theCompany”) future performance, business prospects or opportunitiesthat are based on forecasts of future results, estimates of amountsnot yet determinable and assumptions of management made in light ofmanagement's experience and perception of historical trends, currentconditions and expected future developments. Forward-lookingstatements include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes;exploration activities; the timing and result of explorationactivities; capital projects and exploration activities and thepossible results thereof; acquisition opportunities; and the impact ofacquisitions, if any, on the Company. Assumptions may prove to beincorrect and actual results may differ materially from thoseanticipated. Consequently, forward-looking statements cannot beguaranteed. As such, investors are cautioned not to place unduereliance upon forward-looking statements as there can be no assurancethat the plans, assumptions or expectations upon which they are placedwill occur. All statements other than statements of historical factmay be forward?looking statements. Any statements that express orinvolve discussions with respect to predictions, expectations,beliefs, plans, projections, objectives or future events orperformance (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 similar expressions) are not statements ofhistorical fact and may be "forward looking statements".Actual results may vary from forward-looking statements.Forward-looking statements are subject to known and unknown risks,uncertainties and other factors that may cause actual results tomaterially differ from those expressed or implied by suchforward-looking statements; risks related to the integration ofacquisitions; actual results of exploration activities; conclusions ofeconomic evaluations; changes in project parameters as plans continueto be refined; commodity prices; variations in ore reserves, grade orrecovery rates; actual performance of plant, equipment or processesrelative to specifications and expectations; accidents; labourrelations; relations with local communities; changes in national orlocal governments; changes in applicable legislation or applicationthereof; delays in obtaining approvals or financing or in thecompletion of development or construction activities; exchange ratefluctuations; requirements for additional capital; governmentregulation; environmental risks; reclamation expenses; outcomes ofpending litigation; limitations on insurance coverage as well as thosefactors discussed in the Company's other public disclosure documents,available on www.sedarplus.ca . Althoughthe Company has attempted to identify important factors that couldcause actual results to differ materially from those contained inforward-looking statements, there may be other factors that causeresults not to be as anticipated, estimated or intended. The Companybelieves that the expectations reflected in these forward-lookingstatements are reasonable, but no assurance can be given that theseexpectations will prove to be correct and such forward?lookingstatements included herein should not be unduly relied upon. Thesestatements speak only as of the date hereof. The Company does notintend, and does not assume any obligation, to update theseforward-looking statements, except as required by applicablelaws.
Neither the Canadian SecuritiesExchange nor the Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
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