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Element79 Gold Announces Re-Filing of Amended Maverick Springs 43-101 Technical Report
Vancouver, BC – TheNewswire - October 20, 2022 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") announces the filing of
About this update from Element79 Gold Corp.
[{"type":"text","content":"Vancouver, BC – TheNewswire - October 20, 2022 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (\"Element79 Gold\", the \"Company\") announces the filing of an amended technical report titled \"Amended Technical Report on the Maverick Springs Project, Nevada, USA\" (the \"Amended Report\"), dated October 7, 2022. The re-filing is a result of a review by the British Columbia Securities Commission, pursuant to which the Company is issuing the following news release to clarify its disclosure in the Amended Report. The resource estimate and conclusions of the Amended Report have not changed from the original technical report filed on February 8, 2022 (see news release filed on February 7, 2022). For further details please refer to the Amended Report filed on the Company’s SEDAR profile on October 19, 2022. Highlights of the Amended Technical Report on Maverick Springs include: 3.71 million gold equivalent ounces \"Au EQ” (278.0M Ag EQ ounces), within 125.4 million tonnes at an average grade of 0.92 g/t Au EQ (68.9 g/tonne Ag EQ) in the Inferred category. Table 1. 2022 Pit-Constrained Mineral Resource Estimate for Maverick Springs Class Tonnes Ag (g/t) Au (g/t) Ag (Moz) Au (Moz) Ag EQ (g/t) Ag EQ (Moz) Au EQ (g/t) Au EQ (Moz) Inferred 125,421,000 43.5 0.34 175.7 1.37 68.9 278.0 0.92 3.71 (1)The classification of the current Mineral Resource Estimate into Inferred is consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves and 2019 CIM Estimation of Mineral Resources Mineral Reserves Best Practice Guidelines. (2)Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. (3)All figures are rounded to reflect the relative accuracy of the estimate. Composites have been capped where appropriate. (4)Resources are presented undiluted and in situ and are considered to have reasonable prospects for economic extraction. (5)Open pit mineral resources are reported at a cut-off grade of 22.5 g/tonne Ag EQ. Cut-off ...