Element79 Gold Corp. (CSE: ELEM | OTC: ELMGF | FSE: 7YS0) is strategically advancing its mining Element79 Gold Corp. (CSE: ELEM): Advancing High-Grade Gold-Silver Projects in Peru and Nevada
Element79 Gold Corp. (CSE: ELEM | OTC: ELMGF | FSE: 7YS0) is actively developing two promising gold and silver projects: the high-grade Lucero mine in Peru and the exploration-stage Clover project in Nevada. With strategic leadership and community engagement efforts, the company is positioning itself for long-term value in the precious metals sector.
Lucero Project: Revitalizing a High-Grade Mine in Peru
The Lucero mine, located in the Chila mountain range of southern Peru, is a past-producing high-grade gold-silver operation formerly known as the Shila mine. Between 1998 and 2004, it produced approximately 18,800 ounces of gold and 435,000 ounces of silver annually, with average grades of 14.0 g/t gold and 373 g/t silver. Recoveries at the time averaged 94.5% for gold and 85.5% for silver.
In recent years, Element79 has worked to secure long-term surface rights and is formalizing small-scale mining permits. A 2022 site visit returned high-grade results from grab samples, including assays up to 7.7 g/t gold and 916 g/t silver, reinforcing the project’s near-term production potential.
Clover Project: Unlocking Nevada’s Exploration Upside
Element79’s Clover project is located in Nevada’s historic Midas mining district and includes 169 unpatented claims covering 3,063 acres in Elko County. The Midas district is notable for producing over 2 million ounces of gold between 1998 and 2013.
The company’s 2024–2025 exploration plan includes detailed mapping, sampling, geochemical and structural analyses aimed at unlocking Clover’s resource potential. A National Instrument 43-101 Property of Merit report is underway and expected by fall 2024.
Leadership and Strategic Growth
Element79 is led by a seasoned team:
- James C. Tworek, CEO & Director, brings 20+ years in commercial banking and mining finance.
- Tammy Gillis, CFO, is a CPA with deep experience in public company financial management.
- Kim Kirkland, COO, is a professional geologist with extensive exploration and operations expertise.
In September 2024, the company added Kevin Arias as an advisor to the board, enhancing strategic leadership with his background in corporate finance and investor relations.
Commitment to Responsible Development
Element79 maintains a strong community presence, particularly in Chachas, Peru. The company is working closely with local stakeholders to formalize mining rights and ensure responsible operations. Ongoing dialogue and local engagement are key pillars of the company’s approach to sustainable development.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
