Element 79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE:7YS) (“Element 79 Gold”, the “Company”) is a mining company focused on Nevada and Peru. Investor Presentation.
I am always surprised how many investors don’t care about, need to learn about the price, or even hold a gold stock commodity/proxy to ‘be there’ for reaction to significant world events. We’ll chat about Element 79 in a bit, as it is a unique proxy with extremely promising potential as gold likely continues to rise over time.
As we have the 10-year gold price on the upper left, the price chart for ELEM is exemplary. Gold Supply/demand, above right. ELEM properties and plans are enticing.
Lucero, Peru
· The past-producing Lucero Mine (“Lucero”), one of the highest-grade underground mines in Peru’s history at grades averaging 19.0g/t Au Equivalent (“Au Eq”) (14.0 g/t gold and 373 g/t silver).
· Produced on average 40,000oz+/yr.Assays from March 2023 yielded from underground workings 21-ore-grade and high-yield up to 11.7 ounces per ton of gold and 247 ounces per ton of silver, further validating the potential for a significant high-grade future operation.
Continued community outreach and negotiations to finalize contracts such as those for the Company’s long-term surface rights access and formalization agreements with
Lomas Doradas (the local artisanal mining association);
Initiated significant balance sheet improvements utilizing proceeds from the Maverick
“Lucero project’s extensive potential continues to unfold as we compile drilling targets in the northwest region, where surface indicators of vuggy silica hint at underlying mineralization,” said Kim Kirkland, Chief Operating Officer at Element79 and Registered Professional Geologist. “As we continue to chart new territories and push the boundaries of exploration on our flagship property, these prospects ignite a palpable sense of anticipation and excitement, propelling Element79 towards new frontiers of discovery.”
There are lots of stats that outline the potential for ELEM’s Lucero Property.
Our commitment to unlocking Lucero’s vast potential through collaborative relationships remains unwavering,” said James Tworek, CEO of Element79. “With each milestone, we inch closer to realizing our vision of sustainable and responsible resource exploration and production. This commitment is at the core of our operations and guides our decisions.
As I have said, ELEM is not just in the mining business, we are the mining business. The very fact of Lucero’s potential is a testament to our expertise and dedication. It could become a significant producer or even a takeover asset. Our deals are fair and leave ELEM in a better financial and profit potential position in the future.
“These amendments not only strengthen the strategic partnership between Element79 and Green Power but also continue to align with our long-term vision.for the Maverick Springs Project,” said James Tworek, CEO of Element79. “The adjustments in the consideration underscore our dedication to balancing shareholder value creation with strategic partnerships, ensuring a robust foundation for sustainable growth of Element79 operations, and facilitate the continued development of our key projects while reinforcing our position in the mining sector.”
Nevada, Nevada.
I stole these from the PR, so you don’t have to.
- Mineralization conforms to the intermediate sulfidation epithermal style, characterized by Au-Ag veins with associated lead and zinc sulphides.
- Subvertical structures hosted with dacite tuffs are the primary controls of the mineralized veins, which have an average vein width of 0.40m.
- Within the Apacheta zone, mineralization remains open at depth and towards the northwest.
Above, the Lucero Project location map of fall 2023 underground mapping is focused on the Apacheta, Pillune, and Sando Alcalde historic mining areas.
- Two structures exhibiting significant exploration potential for gold-silver mineralization have been identified: the Promesa vein and the Pillune sector.
- Notably, the Pillune sector hosts a well-defined ore shoot, highlighting its substantial mineralization potential.
ELEM is not a ‘Hey punters, drill on the property, and there’s a merde load of gold, uranium and lots more” kind of endeavour.
These are serious folk with the chops and provenance to take these properties past the goal line. All have extensive mining and business experience.
Need More?
Closed the sale of the Maverick Springs Project to Sun Silver for CAD $4,400,000 cash
and 3,500,000 ordinary shares in Sun Silver priced at AUD$0.20 (fair market value AUD
$700,000), which were listed on the Australian Stock Exchange (“the ASX”) on May 15, 2024;
• Completed initial exploration work with very positive, additional assay results from underground sampling at its flagship Lucero property. The 115 samples returned substantial values in gold (Au) (ranging from 1.0 g/t to 98.1 g/t), silver (Ag) (ranging from 0.7 g/t to 3,026 g/t), lead (Pb) (as high as 2.0%) and zinc (Zn) (up to 3.5%), highlighting the robustpotential for the site;
• Continued community outreach and negotiations to finalize contracts such
as those for the Company’s long-term surface rights access and formalization agreements with
Lomas Doradas (the local artisanal mining association);
• Initiated significant balance sheet improvements utilizing proceeds from the
Springs transaction, with cash payouts to creditors and debt holders, including the final. (Proceeding b=ullets from Toromont 50).
paydown of a rights agreement for CAD $2,200,000, along with a debt settlement agreement
to fully settle outstanding debts owed to creditors as well as for director services and corporate
consulting services;
• Filed for an uplisting of its US cross-listing from the OTC Pink to the OTCQB
• And, most recently, sold a 100% interest in the Elder Creek, North Mill Creek, and Elephant projects, narrowing the Company’s focus.
Over to you.
Disclosure: Sponsored Post
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
