(TheNewswire)
[Vancouver, British Columbia] – TheNewswire - September 18, 2023 - Element79 Gold Corp (CSE:ELEM ), ( FSE:7YS )( OTC:ELEM), a mining company focused on gold andsilver, is pleased to announce a significant change in its leadershipteam. The Company has appointed Tammy Gillis as its new ChiefFinancial Officer (CFO), effective the beginning of the business dayof September 18, 2023. Ms. Gillis brings a wealth of experience andexpertise to the role, further strengthening Element79 Gold Corp'scommitment to financial excellence and growth.
Ms. Gillis is a CPA, CMA with over 20 years’experience in the public markets bringing comprehensive background infinance, reporting and regulatory requirements for junior exploration,manufacturing, bio-technology, and technology industries. Ms. Gillishas been part of teams that have completed several financings, grantapplications and acquisition transactions. Ms. Gillis started hercareer working at a corporate and securities law firm. Ms. Gillispreviously served as Corporate Accountant for an internationalmanufacturing company that had revenue in excess of $120 million andas Chief Financial Officer for a technology company with patentedcathode materials used in lithium-ion batteries that successfullybuilt a pilot plant with the assistant of over $4 million ingovernment grants. Ms. Gillis has served as an officer for severalTSX-V and CSE listed issuers.
"I am thrilled to join Element79 Gold Corp andcontribute to the company's ongoing success," said Tammy Gillis."I am eager to work alongside the talented team at Element79 GoldCorp and help drive the company's financial strategies to newheights."
Ms. Gillis's appointment follows a thorough searchprocess conducted by Element79 Gold Corp's board of directors, and shewill be replacing Heidi Gutte, CGA, CPA, who has played a key role inthe company's financial management during her tenure since theCompany’s pre-IPO days. Ms. Gutte has resigned from her former CFOas part of this leadership change, and will continue to support theCompany in a consultancy role for the coming months to ensure a smoothtransition through the Year End 2022/2023 audits.
"Our business model has evolved and with our focustowards bringing production online, along with continued explorationand divestitures in Nevada and Canada. This evolution brings with itan opportunity to strategically reshape the makeup of our team inorder to adapt to meet new challenges we anticipate. We are confidentthat Tammy is the right financial team leader to steer our financialoperations and support our growth objectives, and her deep industryknowledge and acumen will be instrumental in achieving our strategicgoals." stated James Tworek, CEO and Director of Element79 GoldCorp. "We thank Ms. Gutte for her years of help since theearliest days of the Company’s inception and through its fast-pacedevolution until today. We are confident she will continue to findsuccesses as her career develops into the future.”
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 itspreviously-producing, high-grade gold and silver mine, the Luceroproject located in Arequipa, Peru, with the intent to bring it backinto production in the 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 theBattle Mountain Portfolio are under contract for sale to ValdoMinerals Ltd., with an anticipated closing date around the end of2023. The Company has also signed an Option Agreement to sell theMaverick Springs project, an advanced-stage exploratory property withan Inferred Resource of 3.71MMoz 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 or theCompany's future performance, business prospects or opportunities thatare based on forecasts of future results, estimates of amounts not yetdeterminable 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 similarexpressions) are not statements of historical fact and may be"forward looking statements".
Actual results may vary from forward-lookingstatements. Forward-looking statements are subject to known andunknown risks, uncertainties and other factors that may cause actualresults to materially differ from those expressed or implied by suchforward-looking statements, including but not limited to: the durationand effects of the coronavirus and COVID-19; risks related to theintegration of acquisitions; actual results of exploration activities;conclusions of economic evaluations; changes in project parameters asplans continue to be refined; commodity prices; variations in orereserves, grade or recovery rates; actual performance of plant,equipment or processes relative to specifications and expectations; accidents; labour relations; relations withlocal communities; changes in national or local governments; changesin applicable legislation or application thereof; delays in obtainingapprovals or financing or in the completion of development orconstruction activities; exchange rate fluctuations; requirements foradditional capital; government regulation; environmental risks;reclamation expenses; outcomes of pending litigation; limitations oninsurance coverage as well as those factors discussed in the Company'sother public disclosure documents, available on www.sedarplus.ca . Although theCompany has attempted to identify important factors that could causeactual 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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