Element 79 Gold Corp Signs LOI for Lucero Property Ore Sales in 2024

Element 79 Gold Corp Signs LOI for Lucero Property Ore Sales in 2024

(TheNewswire)

Element79 Gold Corp.

Element 79 Gold Corp (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("ELEM" or the "Company") announces that is has completed an LOI with Compañía de Minas Buenaventura S.A.A. ("BVN") that is a significant stride toward realizing reanimating and generating revenue from its flagship past-producing Lucero property, near Chachas, Arequipa, Peru

A Transformative Move , Element 79 Gold Corp has signed a Letter of Intent (LOI) with Compañía de Minas Buenaventura S.A.A. ("BVN") that paves the way for the sale of ore from the Lucero property. This marks a pivotal moment in the Company's journey and aligns directly with its cash-flow generation strategy for 2024.

Unlocking Lucero's Potential CEO of Element 79 Gold, James C. Tworek, expressed his confidence in the opportunity the LOI realizes, stating, "This LOI represents a pivotal moment for ELEM – Proof of Concept that this past-producing mine has valuable economic potential today - by aligning with a potential regional commercial partner,  and spurring the path to restarting commercial production in the near term.  Our team has a series of project milestones to achieve along the way to realizing this potential offtake, including completing a Definitive Agreement with BVN.  We are confident our efforts will enrich our understanding of Lucero's property and help unlock more of the inherent value of ELEM's crown jewel."

Key Terms of the LOI Under the terms of the LOI, Element 79 Gold and BVN have outlined several key points that promise exciting prospects for the Lucero property:

  • Bulk Sampling Program: A Pilot Bulk Sampling Program is set to commence in mid-2024, aiming to extract a minimum quantity of ore over a 12-month period, to be shipped to BVN's Orcopampa mill for processing.

  • Definitive Agreement: The parties are committed to negotiating a Definitive Agreement approximately 90 days before the Pilot Program's start.

  • Quantity: ELEM will deliver an average of 200 tons per day of ore to BVN's Orcopampa facilities under the Pilot Program.

  • Right of First Refusal: BVN has the exclusive right of first refusal to buy the ore produced by ELEM during the Pilot Program.

  • Purchase Price: The purchase price per metric ton of ore will be determined per delivery, after sampling and testing by BVN, based on industry standards and the LME (London Metal Exchange) pm price of the day.

  • Delivery Schedule: Specific delivery schedules will be mutually agreed upon in advance, ensuring smooth coordination with Orcopampa's operations.

  • Quality Control: Rigorous quality control mechanisms will be established to meet agreed-upon specifications.

Unlocking the Past for a Bright Future the expertise of ELEM's team, notably in mine planning and development, Andean geology, and mine operations in Peru, which played an important role in the current community relations and 2023 mapping and sampling plan, as well as will all play a crucial role in drilling for resource value and restarting production.  Another component of the LOI is that BVN has granted ELEM access to valuable historical information from its archives, allowing ELEM to benefit from a more comprehensive understanding of the property, and therefore a greater potential for more effective and efficient mine planning. This knowledge will be instrumental in developing an efficient bulk tonnage extraction and toll processing plan.

A Bright Future Beckons Element 79 Gold Corp's management and Board believes it is in a remarkable position and opportunity, opening doors to revenue generation from the Lucero property. This strategic partnership has great potential, marking a significant milestone in the Company's pursuit of excellence in the mining industry along with the community of Chachas.

Note: This Letter of Intent is not legally binding and is intended as a preliminary expression of the parties' intentions, subject to further negotiation and execution of formal additional Agreements.

About Compañía de Minas Buenaventura S.A.

Compañía de Minas Buenaventura is a Peruvian precious metals producing company with experience in mine exploration, development, construction and operation activities.  BVN's journey in 1953 with the acquisition of the Julcani mine, in Huancavelica. Since then they have developed a business culture that focuses on caring for the environment, the health and safety of all our collaborators, and respect for communities.  BVN was the first Latin American mining company to list on the New York Stock Exchange, in 1996.

For more information please visit: https://www.buenaventura.com/es/nosotros#perfil-corporativo

About Element79 Gold Corp

Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects.  Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.

The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024.  The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this sale on or before July 21, 2024.

In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.

The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process.

The Company's 2023 review and Corporate Update can be reviewed HERE

For more information about Element 79 Gold Corp. please visit www.element79.gold .

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer and Director
E-mail: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1.403.850.8050
E-mai l: investors@element79.gold

Copyright (c) 2024 TheNewswire - All rights reserved.

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Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

(TheNewswire)

Element79 Gold Corp.

Vancouver TheNewswire February 20, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") Vancouver is pleased to announce that today it has filed its annual financial statements in respect of its year ended August 31, 2023, its management discussion and analysis relating to its annual financial statements, and the CEO and CFO certifications (collectively, the " Required Documents "). The Filings are available on SEDAR+ as well as the CSE website.

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Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project.

Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project.

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC TheNewswire - February 13, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0) ("Element79 Gold", the "Company") is pleased to announce the final results of the 2023 work campaign that SLM Resource Group ("SLM") completed at the Lucero mine project in Arequipa, Peru.

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Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project

Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC TheNewswire - February 13, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0) ("Element79 Gold", the "Company") is pleased to  announce the final results of the 2023 work campaign that SLM Resource Group ("SLM") completed at the Lucero mine project in Arequipa, Peru.

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Element79 Gold Reports Multiple High Grade Results from Pillune Area, Lucero Project, Arequipa, Peru

Element79 Gold Reports Multiple High Grade Results from Pillune Area, Lucero Project, Arequipa, Peru

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC TheNewswire - February 6, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0) ("Element79 Gold", the "Company") is pleased to announce additional underground chip sample assay results from the 2023 work campaign at the Pillune Area of the Lucero mine project in Arequipa, Peru.

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Correction: Element79 and Condor Resources Reschedule December 2023 Lucero Payment

Correction: Element79 and Condor Resources Reschedule December 2023 Lucero Payment

(TheNewswire)

Element79 Gold Corp.

CORRECTED BY ISSUER t o amend date

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Getchell Gold Corp. Welcomes New Chairman Bob Bass and Announces Change of Directors

Getchell Gold Corp. Welcomes New Chairman Bob Bass and Announces Change of Directors

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (" Getchell " or the " Company ") warmly welcomes Robert (Bob) Bass as a Director and the new Chairman of the Board of Directors.

Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)

Mr. Bass is a well-recognized and respected labor relations senior negotiator and spokesperson leading a distinguished career spanning decades. Celebrated as a key figure in his field, Mr. Bass has been instrumental in negotiations and arbitration for a wide array of major public sector entities, including the Metropolitan Toronto School Board, the Ontario Hospital Association, hospitals, police services, universities, nursing homes, and government.

Mr. Bass is an astute investor with a lengthy history and knowledge of investing in mining and mineral exploration. Mr. Bass's increasing ownership position in the Company, highlighted by his recent participation in the Company's debenture financing (Company news release dated Jan. 29, 2024 ), underscores his significant investment and belief in Getchell's ability to successfully advance its Nevada -based Fondaway Canyon Gold project.

Getchell Gold Corp. CEO and previous Chairman, Bill Wagener , expressed his enthusiasm for Mr. Bass's appointment stating, "Bob was one of the founders of Getchell when we started out as a private company. He has been a continuous and longtime supporter, and we are thrilled to welcome him to the helm of Getchell Gold Corp. His leadership, business acumen, and extensive network of contacts are precisely what we need to propel the recognition and valuation of the Company and the Fondaway Canyon Gold project. Bob's talents and dedication speak volumes, and we are confident in his ability to guide Getchell towards greater success."

Upon his appointment, Mr. Bass stated, "I am fully committed to take on the role of Chairman at Getchell Gold Corp. and motivated by the immense potential of the Fondaway Canyon Gold project, located in the world-class mining jurisdiction of Nevada . I believe that with our combined efforts, we can unlock great value for the Company and our shareholders. My confidence in this venture is unwavering, and I look forward to guiding the Company towards achieving its strategic goals."

In addition to Mr. Bass' appointment, the Company is pleased to welcome his son, Chris Bass , to its Board of Directors. Chris is a seasoned entrepreneur with significant experience in healthcare. He currently serves as the CEO of InventoRR MD Inc., where he has been pivotal in the development and success of the company's revolutionary flagship medical device, AbClo. These leadership changes underscore Getchell's commitment to continuous improvement and strong corporate governance, positioning the Company for long-term success.

In connection with the Director appointments, the Company has granted 1,000,000 stock options to Directors under the Company's 2022 stock option plan. Each option is exercisable into one common share of the Company at a price of $0.15 per share for a period of 5 years from the date of grant. Additionally, the Company has granted its investor relations consultant, Fred Cooper , 250,000 stock options on the same terms.

With the addition of Bob and Chris Bass , the Directors, Officers, and Management of Getchell Gold Corp. now own 20.4% of the Company on a partially-diluted basis.

In light of these new additions, Jim Mustard has resigned as a Director to the Company and will assume the role as an advisor and consultant to the Company. Jim is a well-respected capital markets and mining professional and the Company welcomes his continued contribution. In addition, Jerry Bella has resigned as a Director to the Company. The Company thanks Jerry for his efforts and wishes him the best in his future endeavours.

The Company further announces that it intends to enter into a debt settlement agreement with a bona-fide creditor of the Company to settle outstanding indebtedness in the aggregate amount of $3,000 (the "Debt") in exchange for the issuance of 23,100 common shares of the Company (the "Shares") at a price of $0.13 per Share. The Shares issued by the Company will be subject to a four-month hold period and the Debt settlement remains subject to Canadian Securities Exchange acceptance.

About Getchell Gold Corp.

The Company is a Nevada -focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage, 100% owned, Fondaway Canyon gold project, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio are the 100% owned; Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag), and Hot Springs Peak (Au) projects. Fondaway Canyon and Dixie Comstock properties are located in Churchill County, Nevada .

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the impact of Board changes on the Company's future success. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Getchell Gold Corp.

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Elliott Management's Hyperion to Seek Billion-dollar Mining Assets as Metals Demand Grows

Bargain-hunting billionaire investment firms are chasing undervalued mining stocks.

Those who follow the commodities markets are well aware that prices for many of the world’s important metals are facing continued downward pressure from weak global macroeconomics and heightened geopolitical volatility. As a result, mining companies have seen their valuations sink as institutional investors turn toward less risky ventures.

However, with commodities demand forecast to surge as the green transition takes hold, there's plenty of optimism that tides are set to change, and big-name contrarians are beginning to position ahead of time.

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NV Gold Announces Effective Date of Share Consolidation

NV Gold Announces Effective Date of Share Consolidation

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that, further to the Company's press release on February 13, 2024, it is proceeding with a consolidation of the issued and outstanding common shares of the Company (the "Shares") on the basis of (1) post-consolidated Share for every ten (10) pre-consolidated Shares (the "Consolidation"). No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 67090W307 and the new ISIN number will be CA67090W3075. The Company's name and stock symbol will remain unchanged following the Consolidation

The Consolidation will be effective at the opening of markets on February 28, 2024. As a result of the Consolidation, the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject to rounding. The Consolidation is subject to final confirmation by the TSX Venture Exchange.

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Gold Royalty to Release 2023 Full Year Results on March 28, 2024

Gold Royalty to Release 2023 Full Year Results on March 28, 2024

Gold Royalty Corp. (" Gold Royalty " or the " Company ") (NYSE American: GROY) will release its financial and operating results for the full year and quarter ending December 31, 2023 on Thursday, March 28, 2024 .

Gold Royalty Corp. Logo (CNW Group/Gold Royalty Corp.)

An investor webcast will be held on Thursday, March 28, 2024 starting at 11:00 am ET ( 8:00 am PT ) to discuss these results. Management will be providing an update to interested stakeholders on the Company's 2023 results including key recent catalysts that have been announced on the assets underlying the Company's royalties. The presentation will be followed by a question-and-answer session where participants will be able to ask any questions they may have of management.

To register for the investor webcast, please use the following link: https://www.bigmarker.com/vid-conferences/Gold-Royalty-Corp-Town-Hall-Forum-Q4

Reminder of Warrants Expiration

The Company today issued a reminder to holders of the outstanding warrants to purchase common stock of Gold Royalty, that the warrants will expire on Monday, March 11, 2024 .

The NYSE has notified the Company that it will suspend trading in the warrants after the close of trading on Wednesday, March 6, 2024 so that all trades can be settled by Monday, March 11, 2024 . As of December 31, 2023 , there were approximately 10.35 million warrants outstanding. The warrants have an exercise price of $7.50 per share.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/gold-royalty-to-release-2023-full-year-results-on-march-28-2024-302070128.html

SOURCE Gold Royalty Corp.

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White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce that a soil sampling survey completed during the 2023 field season has identified a new 1 km long gold-in-soil anomaly on the QV property, located approximately 9 km northwest of the VG deposit which remains open for expansion (Figures 1 & 2). Soil sampling results range from trace up to a maximum of 496.7 ppb Au with associated anomalous tellurium. The new soil geochemical anomaly appears to be similar in character to the VG deposit and the Golden Saddle deposit which form part of the Company's flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 gt Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 gt Au for 942,400 ounces of gold in the Inferred Resource category (1) . These results form part of the Company's 2023 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

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Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Corp. (TSXV: SYG) (OTCQB: SYGCF) ("Sylla" or the "Company") is pleased to announce that it has exercised its option to acquire a 100% interest in the Deguefarakole exploration licence at its Niaouleni Gold Project by issuing 3,000,000 Common Shares of the Company and amending the Option Agreement dated September 15, 2021 with Niaouleni Gold Inc. (the "Optionor") and Niaouleni Gold Mali SARL. The Deguefarakole licence is one of four exploration licences that comprise the Company's 17,200 sq. km. Niaouleni Gold Project located in the Republic of Mali.

The Niaouleni Gold Project is located in the Sanankoro-Kobada-Niaouleni Gold Corridor and all of the Company's exploration work to date has been completed within the Deguefarakole licence area which represents 9,200 hectares (Figure 1). Between August of 2022 and March 2023, the Company completed 76 reverse circulation drill holes on the Deguefarakole licence encountering anomalous gold grades over significant widths in 66 of 76 RC holes drilled on the property (see Sylla press releases dated August 29, 2022, September 13, 2022, and April 12, 2023). Drilling was mainly focused around the Niaouleni South Prospect. The Company's drilling activities extended the strike length at Niaouleni South to 700 m and remains open to the north, south and at depth. The Niaouleni South prospect sits approximately 6 km along strike from the Kobada gold deposit.

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