Business
Element79 Gold Provides Update on Chachas Community Charter and Revenue Generation, M&A Activities
Vancouver, BC – June 25, 2024 – Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0), Hereinafter ("Element 79 Gold", the "Company") , a mining company focuse
About this update from Element79 Gold Corp.
[{"type":"text","content":"Vancouver, BC – June 25, 2024 – Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0), Hereinafter (\"Element 79 Gold\", the \"Company\") , a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects, is excited to provide the following updates about the social and business engagement in Chachas as well as highlight additional revenue-generating business underway. Local Charter Ratified Element79 Gold has received confirmation that the Chachas community has reached an agreement to complete the ratification of its charter this past weekend. This agreement was reached at an auxiliary community meeting held in the neighboring community of Orcopampa. As described previously, this was the key step for Chachas to be able to then complete further contracts and tenders. Due to timing restrictions, no further tenders or contracts were completed or awarded during the auxiliary meeting. Element79 Gold’s community relations team is working on an additional on-site campaign this month with specific deliverables due, including confirmation from Chachas as to specific timing for agreements with the Company to be reviewed and completed. Element79 Gold will continue its monthly efforts with Chachas leadership to steward its Lucero project advancement as a win-win priority, and looks forward to a long and prosperous business relationship with the stakeholders of Chachas and in the community. Push Toward 2024 Revenue Generation Falling in line with the Company’s comments and projected first phase of revenue generation, discussed in news releases and interviews over the past few months, there is an immediate channel of potential revenue generation underway through consolidating and reselling ore from the local Artisanal Small-scale Miners (“ASMs”) that are currently mining at and around the Lucero mine. Further, Lomas Doradas, the local ASM association in Chachas completed its election process this past Monday. The new President is Mr. José Luis Asuero Llamoca. It is Mr. Llamoca’s role to work hand in hand between the Company and the ASMs. Through its local community liaisons and development office that it opened in Chachas in February, the Company has been building with Lomas Dora...