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Element 79 Gold Reports Assay Results up to 7.7 g/t Gold and 916 g/t Silver from High Grade Lucero Project, Peru
Vancouver, B.C. - TheNewswire - February 15, 2022 – Element79 Gold Corp (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") is pleased to report
About this update from Element79 Gold Corp.
[{"type":"text","content":"Vancouver, B.C. - TheNewswire - February 15, 2022 – Element79 Gold Corp (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (\"Element79 Gold\", the \"Company\") is pleased to report that samples collected during the 2022 site visit have returned high grade silver-gold-lead-zinc mineralization. Highlights: Up to 7.7g/t Au, 916 g/t Silver, 1.1 % Lead, and 0.5% Zinc, in grab samples Several quartz-carbonate veins observed with recent artisanal workings Evidence for potential high sulfidations system “Assay results of the 2022 site visit have confirmed the high-grade nature of the Lucero project with high grade samples collected form two areas of recent artisanal workings, and numbers historic quartz carbonate veins observed on the property” Remarked James Tworek, President and CEO of Element79 Gold. Table 1. Grab Sample Assay Results Sample No Easting (NAD84 Zone18L) Northing (NAD84 Zone18L) Au g/t Ag g/t Cu % Pb % Zn % Description L1.2 802149 8296909 0.00 0.3 0.00 0.00 0.00 Disseminated pyrite rich clay altered dacite L2 802367 8296764 0.01 <0.2 0.00 0.01 0.00 Vuggy hydrothermal breccia L4 801526 8296837 <0.05 37.6 0.00 0.00 0.00 Silicified dacite with strong disseminated pyrite L5 801105 8296887 7.11 50.0 0.10 1.72 2.09 galena-sphalerite bearing quartz-carbonate vein from recent artisanal workings L7 802002 8295790 7.70 916.0 0.19 1.07 0.49 galena bearing quartz carbonate vein from recent artisanal workings The site visit to the Lucero project (see news release April 26, 2022), highlighted the historic production on the property, not only by Buenaventura (1998-2004) with average production grades of 14.0 g/t gold and 373 g/t silver, but also recent artisanal miners. The Project hosts an impressive, 74 recognized veins, only 14 which have been commercially exploited to date, and potential exists to find additional veins. The Project also hosts the potential for high sulphidation style mineralization. This style of mineralization has not been explored for due to the past focus on high grade low sulphidaton veins. Evidence has been observed by prior operator Condor Resources Inc. and the Company during the site visit of textures approaching classic vuggy silica style alteration. This style of mineralization offers the opportunity to discover potentially open-pitable bulk tonnage disseminated go...