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Vancouver, British Columbia September 3, 2025 TheNewswire - Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF) (OTC: ELMGF) (FSE: 7YS) (the "Company" or "Element79") is pleased to announce that it has filed an independent National Instrument 43-101 ("NI 43-101") Technical Report (the "Report") for the Company's Gold Mountain Project located in the Battle Mountain Mining District of Lander County, Nevada.
The Report, authored by Steven L. McMillin, MSc, CPG, of Rangefront Mining Services, outlines the geological potential of the 702-acre property, which consists of 34 unpatented lode mining claims in one of Nevada's most productive and historic mining districts.
Highlights from the Report include:
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Historic drilling by Placer Dome (2005) returned intercepts of:
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7.62m grading 0.48 g/t Au
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10.67m grading 0.99 g/t Au
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Figures 11-14 of the report outline 2023 surface sampling of 116 rock samples , confirming high-grade Au-Ag-Pb mineralization associated with structurally controlled zones and lower-grade porphyry-style mineralization linked to the Long Peak Stock.
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The project lies just 0.5 miles south of the historic Dewitt Mine, which produced high-grade gold and silver ores from the 1930s–1950s.
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A Bureau of Land Management (BLM) Notice of Intent (NOI) has been approved, permitting up to 21 drill pads and associated roads.
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A fully costed exploration program totaling US$800,000 has been recommended, including detailed mapping, geophysics, and 8,000 feet of RC drilling to test high-priority targets.
About the Gold Mountain Project
The Gold Mountain Project comprises 34 unpatented lode mining claims covering approximately 702 acres, located 13 km southwest of the town of Battle Mountain, Nevada. Major nearby operations include Nevada Gold Mines' Phoenix-Fortitude mine complex, SSR Mining's Marigold mine, and i-80 Gold's Buffalo Valley project. This places Gold Mountain within a Tier 1 mining jurisdiction that continues to attract significant institutional investment.
CEO Commentary
Element79 Gold Corp. CEO Mike Smith commented: "The filing and completion of this Technical Report on Gold Mountain is a major milestone for Element79 Gold. Gold Mountain sits in the heart of one of Nevada's most prolific mining areas, and the Report confirms both the historic presence of significant gold intercepts and the potential for new high-grade discoveries. With drill permits in hand and a clear exploration roadmap, we believe this project offers a compelling value creation opportunity. The proximity to prod ucing mines such as Phoenix-Fortitude and Marigold further validates the potential of this district. We see Gold Mountain not only as a growth engine for Element79 but also as a great starting point to start our North American refocussing."
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland, Director of Element79 Gold Corp, Fellow of AusIMM #309585, and a "qualified person" as defined by National Instrument 43-101.
About Element79 Gold Corp.
Element79 Gold Corp is a mining company focused on gold and silver exploration, with a portfolio of assets in Nevada and Peru. The Company is actively advancing its Elephant project in the Battle Mountain trend of Nevada and has recently acquired the drill-ready Gold Mountain project in Battle Mountain, Nevada. The Company also holds an option to purchase the high-grade Lucero mine in southern Peru. Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process. Element79 Gold is listed on the Canadian Securities Exchange (CSE: ELEM,OTC:ELMGF), the Frankfurt Stock Exchange (FSE: 7YS0), and the OTC QB market (OTC: ELMGF).
For more information about Element79 Gold Corp., please visit www.element79.gold or contact:
Investor Relations
+1.604.319.6953
ON BEHALF OF THE BOARD OF DIRECTORS
Mike Smith
CEO
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate," "plan," "continue," "expect," "estimate," "objective," "may," "will," "project," "should," "predict," "potential" and similar expressions are intended to identify forward-looking statements. This press release contains forward-looking statements concerning the Company's exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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