Business
Element79 Gold Enters Letters of Intent to Sell Five Properties from Nevada Gold Portfolio
Vancouver, BC – TheNewswire - November 17, 2022 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") today announced it has
About this update from Element79 Gold Corp.
[{"type":"text","content":"Vancouver, BC – TheNewswire - November 17, 2022 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (\"Element79 Gold\", the \"Company\") today announced it has entered non-binding letters of intent (the \"Centra LOI\" and \"Valdo LOI\" respectively) with Centra Mining Ltd. (\"Centra\") and Valdo Minerals Ltd. (\"Valdo\"), whereby the Company intends to sell a total of five properties from its Battle Mountain Portfolio, which is comprised of fifteen properties located in the famous gold mining district of northeastern Nevada, USA. The properties being considered for sale include: The Long Peak Project: 34 unpatented claims in Lander County The Stargo Project: 337 unpatented claims in Nye County The Elder Creek Project: 23 unpatented claims in Lander County The North Mill Creek Project: 6 unpatented claims in Lander County The Elephant Project: 197 unpatented claims in Lander County \"The potential sale of these claim blocks would allow Element79 Gold to continue unlocking additional value from our vast portfolio of prospective properties while maintaining our established focus on the rapid pace of development at our primary high-grade gold assets,\" stated James Tworek, President and CEO of Element79 Gold. \"Overall, we believe the Battle Mountain Portfolio contains several additional targets which warrant extensive exploration and prospecting to further validate historic high-grade samples. Selling some of the portfolio has been a corporate strategy point and this is a great opportunity that allows us both unlock value for our shareholders and to focus our energy on our core projects.” The Long Peak Project The Long Peak Project (\"Long Peak\") is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak. The Stargo Project The Stargo Project (\"Stargo\") is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada.The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development. The North Mill Creek Project The North Mill Creek Project (\"North Mill Creek\") is comprised of...