Element79 Gold (CSE:ELEM, OTC PINK:ELMGF) is exploring and developing high-grade gold projects with near-term cash flow potential through its Lucero project in Peru. The Lucero mine is one of the highest-grade underground mines in Peru’s history and is on the fast track for production. Element79's Maverick Springs project in Nevada also creates a further opportunity for future revenue. A highly experienced management team with a proven track record of success leads the company toward fully realizing the potential of its assets.
Lucero is a past-producing high-grade gold mine that operated between 1989 to 2005. Historic reports between 1998 and 2004 indicate that the mine produced approximately 18,800 ounces of gold and 435,000 ounces of silver per year at 19.0 g/t gold equivalent. A recent NI 43-101 report prepared by a third party indicates grades up to 116.8 g/t gold equivalent. The Lucero project also has high upside potential for further greenfield exploration in addition to producing near-term cash flow.
The Lucero Gold project has a promising resource estimate. A third-party NI 43-101 report indicates grades up to 116.8 g/t gold equivalent, or 78.7 g/t gold and 2,856 g/t silver. Element79 Gold is moving towards production to capitalize on these resources.
This Element79 Gold profile is part of a paid investor education campaign.*
With focused and strategic exploration plans for both its Lucero and Clover projects and the successful sale of its Maverick Springs asset, Element79 has demonstrated a commitment to increasing shareholder value and a compelling case for investors.
Element79 Gold (CSE:ELEM,OTCQB:ELMGF,FSE 7YS0) is an exploration and development mining company with several exciting opportunities for strategic growth. First, is the potential for near-term production through its Lucero project in Peru. The Lucero mine is one of the highest-grade underground mines in Peru’s history and is on the fast track for resource development and production. Additionally, Element79 owns the Clover project in Nevada, creating further opportunities for long-term resource development. Third, and the most exciting business opportunity for the company yet, is the immediate-term resource development and production of the Lucero tailings. This has been facilitated recently by Element79’s agreement, through a letter of intent, with S.M.R.L. PALAZA 16 to purchase and process approximately 1.3 million tons of tailings from previous mines within the current Lucero mine area.
A globally experienced management team with a proven track record of success in developing operational mines leads Element79 Gold toward fully executing these strategic business opportunities.
Lucero is a past-producing, high-grade gold mine ready to reach production quickly. The mine operated between 1989 to 2005. Historic reports between 1998 and 2004 indicate that the mine produced approximately 18,800 ounces of gold and 435,000 ounces of silver per year at a head grade of19 grams per ton (g/t) gold equivalent. An NI 43-101 report prepared by a third party indicates grades up to 116.8 g/t gold equivalent. In addition to the potential of generating cash flow in the near term, the 10,805-hectare Lucero project also has high upside potential for further greenfield exploration.
Peru is considered a relatively stable mining jurisdiction, especially for smaller-scale operations. As mining is an essential aspect of the country’s GDP, Peru has developed a favorable regulatory regime for its mining industry. Element79 Gold is poised to benefit from the pro- mining jurisdiction as it moves the Lucero asset toward production.
Element79 Gold has engaged a Peruvian technical mining service provider, Ore Discovery LLC, to work in conjunction with Element79’s operations team. The 2023 site work included above-ground and underground mapping, sampling, trenching, drill site targeting on both better-known and unexplored vein systems, for exploration and de-risked resource development on the path toward ore extraction and near-term cash flow generation.
Assays from the underground sampling include results of up to 98 g/t gold and 2,034 g/t silver. Moreover, assays from March 2023 yielded 21-ore grade and high yield up to 11.7 ounces per ton gold and 247 ounces per ton silver, further validating the potential for a significant high- grade future operation.
In June 2023, Element79 further strengthened its portfolio in Peru with the acquisition of the 1,200-hectare Lucero del Sur 28, located strategically just east of the high-grade Lucero gold- silver project. Lucero del Sur 28 is a coveted area covering the Roxana vein, a vein dominated by white to hyaline quartz and altered rock clasts, with lesser amounts of limonite patinas, hematite, pyrite and jarosite.
In September 2024, Element79 signed a letter of intent with S.M.R.L. PALAZA 16 to purchase and process approximately 1.3 million tons of tailings currently controlled by Palaza at the Lucero Mine. This agreement marks the launch of a tailings reprocessing venture for Element79 and represents a significant economic opportunity for the company.
Element79’s secondary asset, the 100 percent owned Clover project, is located in the historic Midas mining district and comprises 169 unpatented claims over 3,063 acres in Elko County, Nevada. A well-known gold and silver producer since the early 1900s, the Midas district has yielded more than 2 million ounces of gold between 1998 and 2013.
The company also previously held the Maverick Springs project in Nevada. Acquired by Element79 in December 2021 for an adjusted cost of C$3.34 million, the project was sold to Sun Silver Resources (ASX:SS1) in May 2024 for C$4.4 million cash and 3.5 million shares of SS1 priced at 0.20 AUD.
A powerhouse management team leads Element79 Gold with a track record of experience and success. Kim Kirkland, COO and former VP global exploration, has held executive and lead operations-focused engineering roles with some of the world's largest mining companies, including Barrick Gold, Rio Tinto Group, MMG, Amec Foster Wheeler PLC and McEwen Mining. Kirkland has served as project lead with extensive South American experience, who can proficiently lead exploration programs and mining operations through milling, extraction/concentration and optimization/beneficiation.
Antonio Maragakis, former COO and director, now advisor, has held director-level positions at miners with multi-billion dollar portfolios, including Barrick Gold Corporation and Koch Industries. He has also built a leading global mining engineering consultancy, Mine Plus Group, as well as a private mining fund focused on near-term production development projects, MFD Holdings SA.
Shane Williams, strategic advisor, brings a history of significant value creation in early-stage and operating companies and currently heads West Red Lake Gold (TSXV:WRLG) as president and CEO. Combined, Element79 Gold has the right experts to fully realize its assets' potential.
The 10,813-hectare project in southern Peru presents near-term cash flow potential as it moves toward production. Lucero operated as a high-grade gold mine between 1989 and 2005 and remains partially unexplored. As a result, the asset is in a unique position to start generating revenue while also providing future growth opportunities with additional exploration.
The Clover Property is located in the historic Midas mining district in Nevada, which has been producing gold and silver since the early 1900s, It is 16 kilometers west of Hecla Mining Company’s Midas Mine, the largest known gold-silver epithermal deposit along the Northern Nevada Rift. Mineralization at the property is classified as low-sulphidation, vein-hosted, epithermal gold mineralization similar to that found at the Midas deposit as it is found within a similar geologic setting. Gold and silver mineralization at the Midas Mine is hosted in several northwest-striking veins. Between 1998 and 2013, the main veins produced over 2 million ounces of gold.
A $6.7-million program is planned for the Clover Property focused on data compilation, construction of geologic and resource models, and a 10,000-meter drilling program followed by a mineral resource estimate and NI 43-101 compliant preliminary economic assessment.
James Tworek has held director, senior management, analytical and operations roles in both public and private companies. A quick study and entrepreneurial to the bone, his 25-year career started in banking in 1998 and has since garnered a wealth of experience across diverse industries between commercial banking, mining, project finance, mezzanine debt, oil and gas, clean water/envirotech and hemp/legal cannabis industries. He has investing experience in real estate, private equity, private mining, startup generation, tech and agricultural ventures. A team leader driven by results, Tworek has built his career on successfully executing development and corporate growth targets, exceeding sales objectives, and being mindful of ensuring open communication, honesty and integrity with investors and stakeholders.
Tammy Gillis is a CPA, CMA with over 20 years of experience in the public markets bringing a comprehensive background in finance, reporting and regulatory requirements for manufacturing, bio-technology, technology and junior exploration industries. Gillis has been part of teams that have completed several financings, grant applications and acquisition transactions. Ms. Gillis started her career working at a corporate and securities law firm. Gillis previously served as corporate accountant for an international manufacturing company that had revenue in excess of
$120 million and as chief financial officer for a technology company with patented cathode materials used in lithium-ion batteries that successfully built a pilot plant with the assistance of over $4 million in government grants. Ms. Gillis has served as an officer for several TSXV and CSE-listed issuers.
Kim Kirkland’s track record spans senior executive and lead engineering roles at some of the world's largest mining companies. Key highlights of Kirkland's work history include:
Neil Pettigrew is a professional geologist in good standing, registered in Ontario, with over 20 years of experience in the mineral exploration industry. He received his Honors B.Sc. from the University of New Brunswick and his M.Sc. from the University of Ottawa. Pettigrew has been employed as a senior precambrian geoscientist with the Ontario Geological Survey and has worked for several junior and major companies in gold and Cu-Ni-PGE exploration. He has held officer and director positions at several TSX and TSXV-listed junior companies and currently sits as vice-president of exploration and director of GT Resources (formerly, Palladium One Mining)
Zara Kanji is a founder of Zara Kanji & Associates (established in 2004). Kanji is experienced in financial reporting compliance for junior listed resource companies, personal and corporate taxation, general accounting, financial reporting and value-added operational consulting services for individuals, and private and public companies. Prior to starting her accounting practice, Kanji served as a controller for a marketing company, as an accountant in public practice for a CA firm, a CGA firm and as an analyst for a pension fund. In addition to providing accounting and financial compliance services to private and public entities, Kanji has served as director and officer for several listed issuers.
Warren Levy brings more than 23 years of experience developing major and private companies in resource development across the Americas. He has achieved significant milestones and successes centered around community engagement, sustainable development of infrastructure, energy and natural resource development. Levy is the current CEO of Frontier Advisory, an advisory firm providing energy policy advocacy, sustainability, market entry, capital raising and technical support to responsible natural resource and social development around Latin America. He is also former CEO of Jaguar E&P, as well as former CEO of Pentanova Petroleum.
Antonios Maragakis completed his PhD at the University of Delft, MSc at the University of Bath, his B.Sc and B.A. at the University of Nevada, and executive training at the London Business School. He brings with him more than 15 years of experience leading some of the largest mining megaprojects in the last decade. Maragakis holds a distinguished resume, including management and director-level positions overseeing multibillion-dollar project portfolios internationally at organizations, such as:
Shane Williams carries a history of significant value creation in both early-stage and operating companies, which includes senior executive and management roles overseeing and delivering world-class, multibillion-dollar projects at highly prominent companies, including: chief operation officer at Skeena Resources (NYSE Listed), Eskay Creek Project; former senior vice-president at Eldorado Gold (NYSE Listed), $2-billion global project portfolio; former general manager of expansion projects at Rio Tinto (NYSE Listed), $2.5-billion CAPEX; and former vice-president of projects at Kaunis Iron AB, $800-million flagship Kaunisvarra Iron Ore Project.
With over two decades of experience across industries such as mining, energy and corporate finance, Kevin Arias brings a wealth of knowledge and expertise to the company. His strong background in business development, investor relations, securities and corporate communications, combined with a proven track record in raising over C$100 million since 2008, positions him as a valuable addition to the Element79 team.
High-grade gold project with near-term cash flow potential
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Vancouver, British Columbia TheNewswire - April 17, 202 5 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF ) ( the "Company") herein provides an update on the latest community engagement and ongoing development efforts in the Rural Community of Chachas ("Chachas") for its Minas Lucero Project in Arequipa, Peru.
Multi-Stakeholder Meeting in the Chachas on April 12th
As previously outlined in the Company's news release of March 28, 2025 , the Spring General Assembly Meeting took place on April 12, 2025, where Element79 Gold Corp's community relationship development team, GAE Peru, was able to present and discuss upcoming exploration, mill and tailings reprocessing plant development plans, which begin with the completion of long-term surface agreements and Formalization of existing REINFO small-scale mining permits with the Company's mineral leases. Â These surface rights access contracts, for the Company and all other mining groups working in the Chachas region negotiated and signed with the Chachas community.
Element79 Gold Corp's message and dialogue around collaborative work plans and win-win solutions with the community were once again reiterated and were generally well received; in many cases where there were inquiries or debates around the Company's involvement, it is reported that both the greater community and its leaders reinforced and defended the Company's platform and the benefit of developing a constructive and long-term working relationship together. Â Dissention against the Company and its plans came primarily from a radical faction of the local artisanal miner's group, Lomas Doradas, where emphatic conversations were drawn out for hours both during and after the General Assembly. Â Due to these disruptions, no formal agreement for either Element79 Gold Corp or Lomas Doradas was reached at the General Assembly.
The Chachas community leaders and JAL (Junta Administrativa Local, or local community administration board) have agreed to meet again outside of the General Assembly to formally during the week of April 21. Â The Company will provide further updates and action items in due course following these upcoming meetings.
Commitment to Responsible Mining
Element79 Gold Corp. remains dedicated to transparent dialogue, responsible community and resource development, and long-term profitable and mutually beneficial community partnerships . Â The Company will continue to provide updates as these initiatives progress.
Evaluating Options
The Company upholds that the Lucero project continues to host significant exploration and production merit as well as it continues to develop increasingly strong community relationships for long-term success.
Due to the ongoing difficulties and delays experienced over the past 15 months, the Company's management and Board of Directors has elected to put Lucero and adjacent projects into a period of review, where with its team and trusted consultants, will evaluate the best ways to proceed with the Lucero project in order to maximize shareholder value.
The Company continues to review near-term producing mining assets in Peru and South America for additional growth opportunities and will provide further guidance on these in due course.
About Element79 Gold Corp.
Element79 Gold Corp. is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero , located in Chachas, Arequipa, Peru. The Company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.
The Company also holds several exploration projects along Nevada's Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025. Â Additionally, Element79 has recently transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a spin-out process.
For further information, please visit our website at www.element79.gold .
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Vancouver, British Columbia TheNewswire - March 28, 2024 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) is pleased to provide an update on the latest Chachas community engagement and ongoing efforts for its Minas Lucero Project in Arequipa, Peru.
Ongoing Communication and Support with Chachas
As an update to the Company's news release on March 11, 2024, the Company continues to maintain positive and open lines of communication with key stakeholders in the Chachas community. Â Now that the rainy season weather conditions are lessening, the community, as well as Element79's community team have returned to Chachas, Arequipa, with renewed vigour for the new year. Â Some items to look forward to in the coming days and weeks:
Local Presence: The Company continues to maintain its office in Chachas, along with an on-the-ground community assistant in Chachas to monitor developments and maintain direct communication.
Community Interaction: Ongoing dialogue with local stakeholders, community leaders and working at responding to direct inquiries of the Company's intended work plans in 2025 and beyond.
Weather-Related Impact: Heavy rains and landslides common to this season have affected roads in and around Chachas, and working at clearing and repairing these are a priority for all community members, for safety and logistical purposes. Â This weather has suspended artisanal mining operations in the area into April, although they are anticipated to recommence shortly.
Upcoming Multi-Stakeholder Meetings in the Chachas region
As the communities of the general region get prepared for work post-rainy season, the Spring General Assembly Meeting has been set for April 12, 2025. Â As evidenced in the below community notice from the Chachas main town hall, Element79 Gold Corp is directly on the agenda for discussing upcoming exploration and development plans as well as pursuing the completion of long-term surface agreements and undergoing the process of Formalization of existing REINFO small-scale mining permits along with the Company's mineral leases.
Click Image To View Full Size
Image 1 – Photo taken by ELEM community team 03.27.2025 of the General Assembly Notice posted on the notice board of the Chachas Community Main Hall.  Element79 Gold Corp's business is the second item on the agenda for the General Assembly meeting to be held on April 12, 2025.
The Company will provide further updates and action items in due course following the abovementioned meeting on April 12.
Commitment to Responsible Mining
Element79 Gold Corp. remains dedicated to transparent dialogue, responsible community and resource development, and long-term profitable and mutually beneficial community partnerships . Â The Company will continue to provide updates as these initiatives progress.
About Element79 Gold Corp.
Element79 Gold Corp. is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero , located in Chachas, Arequipa, Peru. The Company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.
The Company also holds several exploration projects along Nevada's Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025. Â Additionally, Element79 has recently transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a spin-out process.
For further information, please visit our website at www.element79.gold .
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Vancouver, British Columbia TheNewswire - March 11, 2024 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) is pleased to provide an update on the latest social management initiatives, community engagement and ongoing efforts for its Minas Lucero Project in the Arequipa region of Peru.
Strengthening Community Relations in Chachas
As part of its ongoing commitment to responsible mining and sustainable development, Element79 Gold's local team has been actively engaging with community leaders and stakeholders in Chachas and surrounding annexes. Key developments include:
Engagement with Local Authorities: Seven (7) formal letters were submitted to the JAL authorities of Chachas and its annexes to coordinate meetings in March. These discussions will facilitate agreements on land use, to be formalized in the upcoming Communal Assembly.
Coordination with Regional Energy and Mines Authority: The Company is working with the Regional Energy and Mines Management of Arequipa (GREM) to arrange an official briefing in Chachas. Through the GREM efforts have been made are being made to establish an institutional working group with representatives from the Chachas Community, the Lomas Doradas Association, and Minas Lucero del Sur to table requirements and commitments between the parties.
Ongoing Communication and Support with Chachas
Element79 Gold continues to maintain positive and open lines of communication with the Chachas community, despite challenges posed by seasonal weather conditions:
Community Interaction: Regular dialogue is ongoing with local stakeholders, and the Company has received direct inquiries and support from community allies.
Weather-Related Impact: Heavy rains and landslides common to this season have affected road access to Chachas, causing temporary disruptions. Artisanal mining operations in the area have also been suspended until April due to adverse conditions.
Local Presence: The Company continues to maintain its office in Chachas, along with an on-the-ground community assistant in Chachas to monitor developments and maintain direct communication. Â Local Starlink internet antennae for community use continue to be sponsored by the Company.
Advancing Strategic Community Initiatives
Deployment of Smart Multipurpose Screen Kits
Element79 Gold is preparing to introduce new technology to local communities as part of its engagement strategy:
Three (3) GAE Multipurpose System Kits are set to be delivered to communal facilities in Chachas, Nahuira, and Tolconi before mid-March.
The deployment will serve as a technology demonstration , showcasing the potential benefits of Starlink connectivity and smart panels for community development.
Official handover of the equipment will be contingent upon the signing of land-use agreements with the community, aligning with Element79 Gold's commitment to fostering mutual benefits through sustainable partnerships.
Click Image To View Full Size
Image 1 – GAE Multipurpose System Kit setup
Click Image To View Full Size
Image 2 – (Spanish) Chart of the of the features and benefits that the GAE Multipurpose System Kits have and provide to user communities
Upcoming Multi-Stakeholder Meeting in Chachas
A key meeting involving GREM, the Chachas Community Council (CC Chachas), the Lomas Doradas Association, and Minas Lucero representatives is being planned before the upcoming Communal Assembly. GREM-Arequipa has sent official invitations, and discussions are underway to determine the most suitable date and agenda. Â The Company has already submitted a formal letter to GREM to advance this process; due to ongoing heavy rains, the GREM has confirmed an approximate timeline for "end of March" and will continue to update both the Company and the CC Chachas in due course.
Commitment to Responsible Mining
Element79 Gold Corp. remains dedicated to transparent dialogue, responsible community and resource development, and long-term profitable and mutually beneficial community partnerships . The Company will continue to provide updates as these initiatives progress.
About Element79 Gold Corp. Element79 Gold is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero , located in Arequipa, Peru. The Company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.
The Company also holds several exploration projects along Nevada's Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025. Â Additionally, Element79 has recently transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a spin-out process.
For further information, please visit our website at www.element79.gold .
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Vancouver TheNewswire March 6, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") is pleased to announce that effective March 5, 2025, the British Columbia Securities Commission ("BCSC") has revoked the temporary management cease trade order (the "MCTO") which prevented the Company's Officers, Board and Insiders from trading in the Company's securities but did not affect the ability of other shareholders, including the public, to trade in the securities of the Company.
The Company confirms that on Feb 26, 2025, the filing of the audited annual financial statements for the year ended August 31, 2024, along with the management's discussion and analysis and related CEO and CFO certificates (the "2024 Filings") for the period, which were required to be filed on or before December 30, 2024, were filed. On March 3, 2025 the quarterly financial statements for the three months ended November 30, 2024, along with the management's discussion and analysis and related CEO and CFO certificates (the "2025 Q1 Filings") for the period, which were filed. Copies of the Required Filings are available under the Company's SEDAR+ profile at www.sedarplus.ca .
The Company is also no longer listed as being in default on the BCSC's reporting issuer list and on the reporting issuer list, or default list, of each jurisdiction of Canada in which it is a reporting issuer to the extent that such jurisdiction maintains a list and the Corporation's Officers, Board and Insiders are no longer prevented from trading in the Corporation's securities.
Clarification on Crescita Capital LLC Warrants
The Corporation wishes to clarify the number of securities issued to Crescita Capital LLC as disclosed in it Feb 28, 2025 news release, the number of Share purchase Warrants (the "Warrants") Issued to Crescita were 2,939,965. The Warrants were issued per the terms of the Crescita Equity Investment Facility Agreement, the Warrants are exercisable for a period of five years at a Price of $0.05 per share.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Vancouver TheNewswire February 28, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") a mining company focused on gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility ("Crescita Capital"), details of the Facility Agreement can be found in out original announcement on February 12, 2022. The Company has recently drawn CA$185,000 from this new facility.
The Company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms of the Facility Agreement (the "Agreement") , as well as  a total of 13,002,465 Share purchase Warrants (the "Warrants")  to Crescita per the terms of the Agreement, the Warrants are exercisable for a period of five years at an Price of $0.05 per share.
Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including legal fees. accounting audits, annual project claim lease fees and the advancement of the social contract development in Peru to allow the Lucero work plan to unfold.
About Crescita Capital
Crescita Capital is an investment and consultancy group that provides alternative financing and corporate development services for seed to growth-stage companies in emerging markets around the world. www.Crescita.capital Between 2021 and 2023, the Company worked with Crescita, drawing  $7,104,500 to support its operations and develop its portfolio of mining assets.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
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April 29, 2025 TheNewswire Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has completed the final tranche of its previously announced private placement financing (see news releases dated February 24 and March 31, 2025) by issuing 8,900,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of $2,225,000 (the "Offering"). This brings the total proceeds raised across four tranches to $4,871,750.
The final tranche was subscribed for entirely by existing shareholders and strategic investors, including Crescat Capital and Nicola Mining, both of whom increased their positions in the Company. The Offering was met with strong demand and was oversubscribed .
Rana Vig, President and CEO, commented:
"This overwhelming support — especially from highly sophisticated shareholders like Crescat and Nicola — signals tremendous confidence in Blue Lagoon's future. We are now fully funded to launch production this summer. With one of only nine mining permits granted in British Columbia over the past decade, our Dome Mountain Gold Project is on track to generate cash flow from production and drive the next phase of growth. Dome Mountain is just getting started, and we're excited to unlock its full potential."
Each Unit sold in the Offering consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of $0.35 per share for a period of two years from the date of issuance. The common shares issued are subject to a hold period expiring four months and one day from the date of issuance.
Proceeds from the Offering will be used to complete construction of the Company's water treatment plant at its fully permitted Dome Mountain Gold Project, and to provide initial working capital as Blue Lagoon prepares to commence production in the summer of 2025.
The Company paid $52,630 and issued 30,520 warrants as finders fees in connection with the Offering. The finders warrants may be exercised to acquire common shares of the Company at a price of $0.35 per common share for two years.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and Chief Executive Officer Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Not for distribution to United States Newswire Services or for dissemination in the United States
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Halcones Precious Metals (TSXV:HPM) is a gold exploration company focused on advancing its high-grade Polaris project in northern Chile, a premier mining region with excellent infrastructure. Polaris hosts multiple surface targets with significant gold values across a large, underexplored property, offering investors exposure to a high-potential discovery in a mining-friendly jurisdiction.
The Polaris Project is located within the metallogenic belt of the Atacama Fault Zone, a major geological corridor known for hosting numerous significant mineral deposits across Chile. Gold mineralization at Polaris is largely controlled by major structures, including the Izcuña and Médano faults, which provided pathways for mineralizing fluids and led to the formation of vein-hosted and stockwork-style gold deposits.
Currently, exploration efforts are focused on two main target areas in the southern part of the property adjacent to the Atacama fault:
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Halcones Precious Metals offers investors exposure to a high-grade gold exploration opportunity in mining-friendly Chile, with multiple surface targets showing significant gold values on a large underexplored property that benefits from excellent infrastructure.
Halcones Precious Metals (TSXV:HPM) is an emerging gold exploration company with a strategic focus on developing high-potential precious metals projects in Chile. The company's flagship Polaris project is located in the prolific mining region of northern Chile, approximately 150 km south of Antofagasta and 70 km north of Taltal.
Chile is one of the world's premier mining jurisdictions, known for its stable regulatory framework, developed infrastructure, and rich mineral endowment. The country is the world's largest copper producer and has a long history of successful mining operations by both major and junior companies. Chile's mining-friendly policies, skilled workforce, and established support services make it an attractive destination for mineral exploration and development.
The gold market is currently experiencing favorable macroeconomic tailwinds. Persistent global inflation concerns, geopolitical uncertainties, and central bank gold purchasing have pushed gold prices to record levels in 2025. As investors seek safe-haven assets amid economic volatility, gold exploration companies with promising early-stage assets like Halcones are well-positioned to capitalize on these market conditions.
The Polaris project is Halcones' flagship asset located in Chile's Coastal Belt, a region known for its significant mining history and mineral potential. The 5,777.5-hectare property is easily accessible via the Pan-American Highway and Route B-710, situated only 4 km from the Pacific Ocean. This strategic location provides exceptional logistical advantages, including proximity to the major mining center of Antofagasta, the ports of Antofagasta and Mejillones, and established power infrastructure.
The project is situated within the metallogenic belt of the Atacama Fault Zone, a major geological structure that hosts numerous significant mineral deposits throughout Chile. Mineralization at Polaris is primarily controlled by major faults, including the Izcuña Fault and Médano Fault, which created open spaces for mineralizing fluids, resulting in vein-hosted and stockwork gold mineralization.
Currently, exploration efforts are focused on two main target areas in the southern part of the property adjacent to the Atacama fault:
Historical mining at Polaris dates back to the early 20th century, when artisanal miners extracted high-grade gold from quartz veins and breccias. In the 1970s, smaller operations by local miners extracted approximately 5 tons of material per month over a decade. Despite this history of production, the property has never been systematically explored using modern techniques.
Recent surface sampling programs have significantly expanded the known mineralized footprint, extending the gold-bearing trend to 3.9 km with potential extensions of 2 km north and 1.5 km south. Chip channel samples have returned impressive values including 29.04, 20.05, 13.08, and 10.67 grams per ton (g/t) gold. The gold mineralization is strongly related to diorite rocks and quartz veins, with extensive stockwork veining indicating a well-developed system.
A particularly promising aspect of the Polaris project is the potential for bulk-minable stockwork mineralization. Gold-bearing stockwork has been mapped over a 250 m x 500 m area, with unknown limits. Initial surface sampling returned encouraging results, including an 85-meter channel sample averaging 1.21 g/t gold and a 30-meter sample in an old adit averaging 1.02 g/t gold.
The geological setting at Polaris is analogous to certain well-known Abitibi gold deposits such as Sigma-Lamaque, Dome and Goldex. Like these deposits, Polaris is:
With most of the large property remaining unexplored, Halcones is committed to an aggressive exploration program, including plans to complete 2,000 meters of drilling within 12 months as part of its acquisition commitments. The near-surface nature of the mineralization suggests potential for cost-effective open-pit mining if sufficient resources are delineated.
Ian Parkinson brings a unique combination of industry and capital markets experience to Halcones. He spent 16 years as a sell-side mining analyst for several leading brokerage firms including Stifel GMP, GMP Securities, and CIBC World Markets. Prior to his analyst career, he worked for 10 years with Falconbridge and Noranda in various roles spanning exploration, development, metals trading, marketing, and business development. Parkinson holds an earth science degree from Laurentian University in Sudbury, Ontario.
Vern Arseneau has over 40 years of experience in exploration, project management and development, with the last 25 focused in South America, particularly Peru, Chile and Argentina. He spent 20 years working as exploration manager and senior geologist for Noranda and served as general manager of Noranda's Peru office. As vice-president exploration for Zincore Metals, he oversaw exploration and feasibility studies of two zinc deposits and discovered the Dolores copper-molybdenum porphyry in Peru. Arseneau holds a Bachelor of Science in geology.
Greg Duras is a senior executive with over 20 years of experience in the resource sector, specializing in corporate development, financial management, and cost control. He has held CFO positions at several publicly traded companies, including Savary Gold, Nordic Gold and Avion Gold. Currently, he also serves as CFO of Red Pine Exploration. Duras is a certified general accountant and a certified professional accountant with a Bachelor of Administration from Lakehead University.
Larry Guy is a managing director with Next Edge Capital focused on strategic partnerships, initiatives, and new product development. His previous roles include vice-president with Purpose Investments and portfolio manager with Aston Hill Financial. He also co-founded Navina Asset Management, where he served as chief financial officer and director before the company was acquired by Aston Hill Financial. Guy holds a BA in Economics from the Western University and is a chartered financial analyst.
Patrizia Ferrarese brings over 20 years of experience in capital markets, entrepreneurship and strategy consulting to the board. Currently VP of business design and innovation at Investment Planning Counsel, she oversees strategic growth initiatives in wealth management. Her career includes equity and options market making and trading in North America and co-founding an investment management company. Ferrarese is pursuing her Doctorate in Business Administration at SDA Bocconi and holds an MBA from Wilfrid Laurier University and a Bachelor of Arts (Honours) in Economics from York University.
Michael Shuh is a managing director of investment banking at Canaccord Genuity with over 20 years of experience. He leads the Financial Institutions Group at Canaccord Genuity, Canada's largest independent investment bank, and has deep expertise in structured finance and special purpose acquisition corporations. He serves as CEO and chairman of Canaccord Genuity Growth II, a publicly-listed SPAC that raised $100 million to pursue acquisitions. Shuh holds an Honours Bachelor of Business Administration from the Lazaridis School of Business & Economics at Wilfrid Laurier University and an MBA from the Richard Ivey School of Business at Western University.
Ben Bowen has 20 years of experience building businesses across multiple sectors. After beginning his career with Xerox Canada, he acquired Seaway Document Solutions in 2002, which was subsequently sold in 2013. He later co-founded and served as CEO of a software company serving the global shared workspace industry. Bowen currently operates Open Door Media, a full-stack marketing firm focused on the lifestyle industry, and is a founder of Innovate Kingston.
Damian Lopez is a corporate securities lawyer who works as a legal consultant to various TSX and TSX Venture Exchange listed companies. He previously worked as a securities and merger & acquisitions lawyer at a large Toronto corporate legal firm, where he worked on a variety of corporate and commercial transactions. Lopez obtained a Juris Doctor from Osgoode Hall and received a Bachelor of Commerce with a major in Economics from Rotman Commerce at the University of Toronto.