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Maritime Drills 5.5 gpt Gold over 29.8 metres, Including 73.0 gpt Gold over 1.5 metres at the Hammerdown Gold Project

Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) (“Maritime” or the “Company”) is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King’s Point and Springdale.

Highlights:

  • 5.5 grams per tonne (“gpt”) gold (“Au”) over 29.8 metres (“m”), including 73.0 gpt Au over 1.5 m in drill hole HDGC-25-177
  • 16.9 gpt Au over 2.5 m in drill hole HDGC-25-181
  • 7.7 gpt Au over 5.6 m in drill hole HDGC-25-160
  • 67.1 gpt Au over 0.9 m in drill hole HDGC-25-188
  • 14.8 gpt Au over 5.9 m and 17.0 gpt Au over 4.4 m in historical underground mining backfill in drill holes HDGC-25-189 and HDGC-25-175, respectively
  • 151 historical underground mining backfill samples collected during the grade control program representing 274 linear meters of drilling returned an average grade of 3.3 gpt Au

Discussion of Results

The latest drill results cover the central portion of the proposed first year of open pit mining at Hammerdown. The grade control program continues to confirm the vein model and location of the historic underground workings while identifying additional mineralization between the high-grade veins, mine backfill material and remnant pillars. Notable assay results include drill hole HDGC-25-177 which intersected 5.5 gpt Au over 29.8 m, including 73.0 gpt Au over 1.5 m related to a group of mineralized quartz veins and altered mineralized quartz feldspar porphyry (QFP) within the unmined crown pillar. Drill hole HDGC-25-160 was drilled 20 m south of drill hole HDGC025-177 and returned 7.7 gpt Au over 5.6 m. Drill hole HDGC-25-188, located 20 m north of previously reported HDGC-25-118 (27.9 gpt Au over 1.0 m; see Maritime press release dated March 14, 2025), returned several high-grade gold intercepts. Highlights include 15.0 gpt Au over 1.4 m, 67.1 gpt Au over 0.9 m, and 14.6 gpt Au over 0.2 m.

The Hammerdown grade control program has identified high grade gold mineralization within the historic backfilled stopes. Drill hole HDGC-25-189 returned 14.8 gpt Au over 5.9 m and HDGC-25-175 returned 17.0 gpt Au over 4.4 m. These results enhance the confidence in the mineralization surrounding and inside the previously mined out stopes at Hammerdown. All backfill intervals drilled during the grade control program were sampled and resulted in the collection of 151 samples representing 274 linear metres of drilling with a weighted average of 3.3 gpt Au across a 1 m composite length. The backfill gold content is believed to be the result of a combination of the high historic mine cut-off grade as well as high grade loss on mining material remaining during the cut and fill mining process. The potential quantity and grade of the backfill material are conceptual in nature and there has been insufficient sampling to define a mineral resource. It is uncertain whether further sampling would result in the backfill material being delineated as a mineral resource.

Grade Control Drilling

The grade control drill program completed 8,460 metres of diamond drilling in 273 drill holes. The program was designed to intersect the sub vertical mineralization on a 10 m x 10 m staggered pattern to maximize future ore extraction while minimizing ore losses and dilution. Assay results will be released as they become available.


Figure 1. Plan View


Figure 2. Hammerdown Deposit Cross Section


Table 1. Significant Assay Results

Lengths reported relative to core access are estimated to be approximately 70% true thickness.


Table 2. Drill Hole Data

Qualified Person

Exploration activities at the Hammerdown Gold Project are administered on site by the Company’s Exploration Manager, Larry Pilgrim, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on its exploration projects.

Analytical Procedures

All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited (EAL) located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime Resources. Drill core samples are collected from NQ sized diamond drill core and sawn in half. The half core samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately 80% passing a minus 10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95% passing a minus 150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34 element ICP analysis finish. EAL runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

About Maritime Resources Corp.

Maritime (TSXV: MAE) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

MARITIME RESOURCES CORP.

Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”, “intends”, “indicates” “plans” and similar expressions. Forward-looking statements include, but are not limited to, statements concerning the Hammerdown mineralization, its’ metallurgical response, precious metal extraction based on the ongoing metallurgical testwork, sampling programs, the grade control drilling program, location and grade of underground workings and backfill material, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision and executing exploration programs on the Company’s proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company’s properties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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Forte Minerals Engages Trion Communications GmbH for European Investor Awareness

Forte Minerals Corp. (“Forte” or the “Company”) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce its engagement of Trion Communications GmbH (“Trion”) to provide investor relations and communication services in the German-speaking markets effective April 1, 2025 in accordance with Canadian Securities Exchange (“CSE”) policies.

Trion Communications GmbH will support Forte in enhancing visibility among investors in Germany, Austria, and Switzerland. Their role includes distributing company news, translating shareholder communications, coordinating editorial placements in German financial publications, and fielding investor inquiries via multiple channels.

As per the consulting agreement, Trion will receive a monthly fee of €2,500 during an initial three-month trial period ending June 30, 2025. If the Company finds the engagement effective, the term may be extended by an additional three months at the same rate. In addition, Trion will be granted 50,000 stock options of Forte Minerals, vesting quarterly over one year, with a two-year expiry from the grant date, subject to CSE approval.

About Trion Communications GmbH

Trion Communications GmbH is a Germany-based investor relations firm specializing in capital markets outreach for resource and exploration companies. With a proven track record across the DACH region (Germany, Austria, Switzerland), Trion delivers visibility and investor engagement through targeted campaigns, editorial placement, and shareholder communications.

About Forte Minerals Corp.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (” Cu “) and gold (” Au “) assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. (” GTR “) grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.

On behalf of Forte Minerals CORP.
(signed) ” Patrick Elliott”
Chief Executive Officer

For further information, please contact:
Forte Minerals Corp.
office: (604) 983-8847
info@forteminerals.com
www.forteminerals.com

Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Pinnacle Provides Progress Report on Field Work at El Potrero Gold-Silver Project and Grants Incentive Stock Options

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA TheNewswire – April 17, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (” Pinnacle ” or the ” Company “) is pleased to provide an update on progress at the recently acquired high-grade gold-silver El Potrero property in Durango, Mexico (see Pinnacle news releases dated February 24 and 25, 2025 ).

Phase I field work commenced within a week of signing the Definitive Agreement and is progressing well.  Surface mapping has extended the vein system along strike to the northwest for approximately 1,100 metres from the Dos de Mayo Mine and 46 samples have been taken for analyses.  Cleaning of the underground workings at the historic Pinos Cuates, La Dura and Dos de Mayo Mines has been completed, and the Pinos Cuates Mine has been mapped and sampled, with 86 samples being taken of the vein system as it is exposed underground.  All 132 samples have been submitted to the SGS lab in Durango City.

In addition, access roads to the project and up to the mine portals have been cleared.  The plant has been almost completely cleaned up, and an inspection is being planned to assess the approximate cost and schedule to get it ready for production again.

“We are very pleased with the progress our team has been making on site in the short time we have been on the property,” stated Robert Archer, Pinnacle’s President & CEO.  “Our geological crew has established themselves in the nearby village of Manzanillas, only three kilometres away and we are already providing much needed jobs for the local people.  As such, community relations are starting out on a positive note.  Having said that, the plant and mines sit on private property such that permitting should be easier when the time comes.  Going forward, underground mapping and sampling at the historic La Dura and Dos de Mayo mines will continue and surface mapping will focus on the southeastern extension of the vein system and identifying parallel or splay veins along the entire strike length.”

Surface mapping to date has identified the dominant lithologies as comprising an andesitic volcanic sequence with alternating flows and breccias.  The units belong to the upper part of the Lower Volcanic Series, the preferred and most common host for gold and silver mineralization in the Sierra Madre Belt.  There is a strong northwest-southeast structural trend hosting the vein system at El Potrero that parallels the regional trend of the Sierra Madre.  To date, several sub-parallel veins have been identified on the southwest side of the Pinos Cuates mine, indicating that the vein system is at least 125 metres wide at this locality.  Vein widths have been measured as ranging from 0.50 metres on surface up to 7 metres underground at Pinos Cuates.

Most of the samples taken at the historic Pinos Cuates Mine consist of vein breccia with angular clasts of variable composition, clasts of colloform quartz, chalcedonic quartz, and bands of opaque quartz with a black mineral, thought to be ginguro (very fine grained silver-gold mineralization).  The footwall rocks are andesite with strong chlorite-pyrite alteration, whereas a felsic dike with porphyritic texture has been observed in the hanging wall of the veins both underground and on surface, implying a long and active period of hydrothermal activity.


Click Image To View Full Size

Figure 1: Regional location map of the Potrero Project, Durango, Mexico


Click Image To View Full Size

Figure 2: Preliminary geology of the Potrero Project showing vein projections and historic mines

As reported in Pinnacle news release of March 18, 2025 , preliminary sampling of mineralized veins containing ginguro bands at Pinos Cuates returned an arithmetic average from four chip channel samples of 8.04 g/t gold (Au) and 146 g/t silver (Ag) ( chip samples, by their nature, are selected samples and may not represent a true reflection of actual grade) , consistent with the historic production grades reported by the vendors, and the historic resource estimate of 45,561 tonnes at 8.0 g/t Au and 186 g/t Ag . These resources are historical in nature and Pinnacle is not treating these estimates as current mineral resources as a qualified person on behalf of Pinnacle has not done sufficient work to classify them as current mineral resources.


Click Image To View Full Size

Figure 3: Longitudinal section, looking southwest, of underground workings at the Potrero Project.

Once assays are received (approximately 3 weeks), results will be interpreted in the context of the mapping in order to determine the structural controls on gold-silver mineralization, as the highest grades tend to occur in ‘shoots’.  Once these are better defined, a diamond drilling program can be planned to systematically test these areas for continuity.

Preliminary discussions are underway with geophysical contractors regarding the flying of a LiDAR (Light Detection and Ranging) survey over the entire property.  LiDAR is a remote-sensing and laser technology that ‘sees’ through overburden and maps out the rock subsurface in a way that allows for the interpretation of structural features that can be important in controlling gold-silver mineralization.  This interpretation will also be used in the planning of upcoming drill programs.

In due course, discussions will be held with the federal electrical commission to extend the power line to the plant site, a distance of only about three kilometres.

Stock Option Grant

Pinnacle has granted an aggregate of 500,000 incentive stock options to certain consultants of the Company, pursuant to the Company’s Stock Option Plan and subject to TSXV approval, at a price of $0.05 and expiring on April 17, 2030.  The incentive stock options will vest 25% each quarter over a 12-month period.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

The non-systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  A historic resource based upon underground sampling of those three mines is reported to consist of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver. The property has been in private hands for almost 40 years and has never been drilled or explored by modern methods, leaving significant exploration potential.

A 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights over the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the still challenging equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt complements the Company’s project portfolio and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: “Robert A. Archer”

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

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Element79 Gold Corp. Provides Update on Chachas General Assembly

(TheNewswire)

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.  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.  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.  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.  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 .   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.  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.

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