ELEM:CC - Element79 Gold Shares Production Plans for Lucero Gold Project in Peru

2024-01-24 16:00:00 ET

Element79 Gold (CSE:ELEM,OTC Pink:ELMGF) is transitioning from an asset amalgamator to a near-term producer, according to CEO James C. Tworek.

As part of making this transition, the company is looking to formalize the artisanal miners at the property, who are currently producing 70 to 90 metric tons of ore per week from the project.

“There's a permit process in Peru called the reinfo process," Tworek said. "We're currently, with our local community outreach specialists … speaking to all these small permit holders … and trying to bring them in under us.”

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