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Element79 Gold Pushes Forward with Community and Regulatory Support for Lucero Project in Arequipa, Peru
Enhancing regional cooperation and advancing exploration milestones for long-term sustainability in Peruvian mining. VANCOUVER, BC – TheNewswire – November 13,
About this update from Element79 Gold Corp.
[{"type":"text","content":"Enhancing regional cooperation and advancing exploration milestones for long-term sustainability in Peruvian mining. VANCOUVER, BC – TheNewswire – November 13, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) (\"Element79,\" or the \"Company”) is pleased to provide progress updates regarding the Lucero Project in Arequipa, Peru, following recent engagement with both state regulatory authorities and community representatives. Field Activities and DREM Arequipa Collaboration On November 2, 2024, Element79 initiated field activities in coordination with the Regional Directorate of Energy and Mines (DREM) in Arequipa, working directly with Engineer Iván Prado, Regional manager for Energy and Mines for the state. The Company has been actively supporting the social, technical, and environmental foundations of the Minas Lucero Project through DREM's institutional channels. As part of this effort, Element79’s team has related and received confirmation through these meetings that the time is of the essence and that the collective effort of all interested parties is to complete key contracts before the end of 2024. The Company has collaborated with DREM in preparing documentation to address the required REINFOs (Mining Rights System) compliance, including files under IGAFOM (Environmental Management Instrument for the Formalization of Mining). The most recent meeting with DREM on November 12 provided updates on state plans to extend formalization support and facilitate essential land agreements between Element79 and the local community. To this effect, the next milestone meeting is set for November 16 in Chachas, with DREM representatives and key mining stakeholders to discuss contract terms for long-term co-working, artisanal production from the mine, exploration and tailings reprocessing; all of these initiatives reinforce the Company’s position as the holder of the mineral rights to the Lucero mine and strengthen relationships between the Company and the greater Chachas community. National REINFO Developments and Industry Implications In light of much-debated and possible upcoming changes to national REINFO regulations, the Company recognizes both potential opportunities and challenges in relation to Element79's operations and timelines. The likelihood of the changes toward requiring formalization in the immediat...