Element79 Gold Corp. Announces Filing of NI 43-101 Technical Report for Gold Mountain Project, Nevada

Core Insights - Element79 Gold Corp. has filed an independent NI 43-101 Technical Report for its Gold Mountain Project in Nevada, marking a significant milestone for the company [1][3] - The Gold Mountain Project is located in a historically productive mining district, covering 702 acres with 34 unpatented lode mining claims [2][3] Project Overview - The Gold Mountain Project is situated 13 km southwest of Battle Mountain, Nevada, near major operations like Nevada Gold Mines' Phoenix-Fortitude mine complex and SSR Mining's Marigold mine [2] - The project is within a Tier 1 mining jurisdiction, attracting substantial institutional investment [2] Technical Highlights - Historic drilling by Placer Dome in 2005 yielded intercepts of 7.62m grading 0.48 g/t Au and 10.67m grading 0.99 g/t Au [5] - Recent surface sampling in 2023 confirmed high-grade Au-Ag-Pb mineralization, with a fully costed exploration program recommended at US$800,000 [5] Exploration Plans - The Bureau of Land Management has approved a Notice of Intent, allowing for up to 21 drill pads and associated roads [5] - The exploration program includes detailed mapping, geophysics, and 8,000 feet of RC drilling to test high-priority targets [5] Company Background - Element79 Gold Corp. focuses on gold and silver exploration, with assets in Nevada and Peru, including the Elephant project and the newly acquired Gold Mountain project [6] - The company is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC QB market [6]