Key Assets
Element79 Gold's flagship property has the potential to become a significant resource as well as cash-flow generation machine. Lucero has a high-sulphidation zone and 74 at-surface veins to develop into a resource, as well as is permitted for 350 tpd of ore extraction. We are currently working to bring this high-grade gold mine back into production as soon as possible.
We are developing our drill programs for Nevada and working to restart our past-producing Lucero mine. Our claims in Nevada are on trend with the major producers and Lucero was one of the highest-grade underground mines in Peru's history.
Past-Producing and Drill Ready Assets
We are evaluating multiple avenues of revenue generation with our Peruvian mining operations; from reprocessing existing tailings, toll processing for local artisanal miners (producing an estimated 400-500 tons of ore per month), and extracting ore ourselves.
Revenue Generation Opportunities
In Nevada, we are surrounded and supported by the regional mining industry. In Peru, our local offices and consistent presence have created collaborative relationships, with mutually-beneficial long-term surface access agreements being forged.
Community
Support
Low burn rate and material shareholdings of past projects that we developed and sold for profit: a clean balance sheet for growth and future liquidity.
Clean Financials
Our projects are located in Nevada, USA and Arequipa, Peru. Both are mining-forward jurisdictions, considered to be among the best places to operate and develop projects.
Favourable Jurisdictions
In Nevada, we have 230 claims across 4,458 acres of highly prospective land closely located to global scale mining camps.
Lucero hosts 74 at-surface veins and attractive yet-untouched porphyry region for exploratory drilling and strong potential resource development.
Exploration Upside Potential
Investor Value Levers
Lucero Property
Formerly operated as the Shila mine from 1989 to 2005, Lucero consists of 10,805 hectares located in the Chila mountain range of Southern Peru, which contains several historic high-grade Au-Ag mines that were operated from the late 1980s to 2005 with small-scale artisanal mining ongoing since 2005.
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Commitment to Community
We are committed to upholding the highest standards of environmental and ethical responsibility as we explore, and to minimizing the environmental impact of our operations, while ensuring mutual advantages to the local communities we work in.
We believe that mining can be a sustainable industry, and we are taking steps to ensure that our Nevada exploration activities and operations at the Lucero mine minimize environmental impact and maximize community benefits.
Mining can be a force for good, and we are committed to using our experience and resources to improve the lives of the people in the communities where we operate.
Who We Are
Element79 Gold Corp. is a precious metals mining company focused on gold, silver and associated metals committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects.
We are focused on two highly prospective land claims, Elephant and Gold Mountain in Nevada, USA. These are in the world class Battle Mountain mining district.
In addition, we are advancing our interests in the Lucero mine in Peru. It is a previously-producing high-grade gold mine. It has 74 at-surface veins and a large high-sulphidation target to drill out.
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