Mr. Michael Smith reports
ELEMENT79 GOLD TO BEGIN PHASE ONE ROAD CONSTRUCTION ON GOLD MOUNTAIN PROJECT
Element79 Gold Corp. has entered into an agreement with Pinion Exploration Inc. to begin phase 1 field operations beginning with access road development and drill pad construction on its Gold Mountain project. This works follows the
Sept. 16 announcement
that it had successfully secured a two-year extension of its drilling permit and its
Oct. 21 announcement
stating the company had also successfully secured a reclamation bond. With these key milestones in place, the company continues to advance with the Gold Mountain project exploration work.
Under the terms of the agreement, the scope of work includes clearing and rehabilitation of the existing access road through the Copper basin and into the lower-elevation drill pads on the project's eastern side. The work also includes the extension of a short section of road to access the permitted drill pads. In addition, Pinion will undertake the construction of four to six drill pads to support upcoming exploration work.
"Phase 1 field operations is a key step in enabling access to priority drill targets identified across the project area. This marks the transition from planning and permitting to active exploration. We are pleased to see this continued progress towards a fully active exploration season, particularly against the backdrop of a strong gold market," said Michael Smith, president and chief executive officer of Element79.
About Element79 Gold Corp.
Element79 Gold is a mining company focused on the exploration and development of its portfolio of high-potential gold projects. The company's focus is its Nevada portfolio, anchored by the Gold Mountain and Elephant projects, both located in the world-class Battle Mountain trend. In addition, Element79 continues to advance its high-grade Lucero project in southern Peru, positioning the company for long-term exploration growth.
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