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Gold79 Receives Acceptance Letter for Its Plan of Operations to Drill the Jefferson Canyon Project
Ottawa, Ontario--(Newsfile Corp. - August 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF...
About this update from West Point Gold Corp.
[{"type":"text","content":"Gold79 Receives Acceptance Letter for Its Plan of Operations to Drill the Jefferson Canyon ProjectOttawa, Ontario--(Newsfile Corp. - August 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (\"Gold79\" or the \"Company\") has received an Acceptance Letter from the United States Forest Service (\"USFS\") for its Plan of Operations (\"POO\") to explore the Jefferson Canyon Project in Nevada. The Acceptance Letter indicates that the USFS believes that the POO submitted is acceptable based upon studies and documentation submitted to date. The next steps include consultation with both the public and state heritage agency, along with other reviews, which are expected to be followed by a Record of Decision and bonding, before drilling can commence.Derek Macpherson, President and CEO of Gold79, states, \"This is a positive step forward in the Jefferson Canyon permitting process; and, while we are not yet able to start drilling, we continue to make progress towards that end.\" Mr. Macpherson continued, \"It is important to note that while there is still a possibility that drilling could occur this year, the most likely scenario emerging is that the permitting process will not be completed in-time to drill in 2024.\"The original Plan of Operations for Jefferson Canyon was submitted in July 2021 and the cultural and biological studies were completed and submitted in Q2 2022. Gold79 received feedback on the proposed areas of disturbance relative to identified cultural sites in March 2023. After multiple revisions to the plan, it was resubmitted on December 12, 2023. After some additional minor revisions, the Acceptance Letter was received on August 26, 2024. The application is for 20 drill sites and associated roads to service them.The Jefferson Canyon project in Nye County, Nevada is located 7 kilometres from Kinross's Round Mountain operations. The project has 145 historical drill holes, including 41.2m at 6.4 g/t gold and 402 g/t silver (GJ-81). In 2022, Gold79 entered into an Exploration and Option agreement with Kinross. Kinross has made all the required payments associated with the agreement to date and has been working with Gold79 on completing the permitting process.Gold Chain share paymentFurther to its press release dated July 27, 2023, the Company announces that it has issued 306,396 common shares of the Company in connect...