|
Getting your Trinity Audio player ready...
|
Element79 Gold Corp. (CSE: ELEM | OTCQB: ELMGF | FSE: 7YS0), a gold exploration and development company focused on high-value projects in North America, announced that it has secured a two-year extension of its drilling permit for the Gold Mountain Project located in Nevada’s Battle Mountain trend.
The Battle Mountain trend is recognized as one of the world’s most productive gold mining jurisdictions, hosting some of the largest deposits in North America. With the extension in hand, Element79 is now positioned to advance its exploration strategy without delay, unlocking potential value across multiple high-priority targets.
Advancing Gold Mountain Exploration
The Gold Mountain Project is a cornerstone of Element79’s Nevada portfolio. The company recently completed a comprehensive NI 43-101 Technical Report, confirming the property’s status as drill-ready with targets that align with favorable geology consistent with major producing mines in the region.
Element79’s exploration strategy will include mapping, geophysics, and targeted drilling aimed at delineating gold mineralization across the project’s high-priority zones. With a two-year runway secured, the company intends to accelerate its work program to unlock additional upside potential.
Strategic Importance
The extension comes at a time of renewed investor focus on precious metals amid heightened market volatility and global demand for safe-haven assets. With Nevada ranked as a top global mining jurisdiction, Element79’s strengthened position provides a strategic advantage for attracting both institutional and retail investor interest.
Strategic Outlook
With a permit extension, a completed NI 43-101 Technical Report, and multiple drill-ready targets, Element79 Gold Corp. is well-positioned to advance its Gold Mountain Project in Nevada. As exploration ramps up, the company stands at the threshold of uncovering significant mineralization potential in one of the world’s most prolific gold belts.