Welcome to our dedicated page for Element79 Gold news (Ticker: ELMGF), a resource for investors and traders seeking the latest updates and insights on Element79 Gold stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Element79 Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Element79 Gold's position in the market.
Element79 Gold announced an updated National Instrument 43-101 compliant Mineral Resource Estimate (MRE) for its Maverick Springs Project in northeastern Nevada, effective February 4, 2022. The estimated resource includes 3.71 million gold equivalent ounces within 125.4 million tonnes at an average grade of 0.92 g/t Au EQ in the Inferred category. This MRE represents a higher-grade classification compared to the previous 2004 estimate despite similar gold equivalent totals, emphasizing the potential for upgrading Inferred resources with further exploration.
Element79 Gold Corp. updates on the Dale Property in Ontario, now expanded to 1,980.5 hectares after staking 245.5 hectares. The company successfully completed its Phase 1 Exploration Program, yielding high-grade gold samples, with results pending. It plans a Phase 2 program, including diamond drilling, subject to favorable Phase 1 outcomes. The experienced team at Fladgate Exploration is leading these efforts. Additionally, the company is drawing down on its Crescita Capital equity line for working capital to support its development plans.
Element79 Gold Corp. has closed the acquisition of the Maverick Springs Project and the Battle Mountain Portfolio, expanding its reach in Nevada's gold mining sector. The Maverick Springs Project is reported to hold a historic resource of 1.7 million ounces (indicated) and 1.9 million ounces (inferred) of gold equivalent. Element79 Gold paid a total of $2 million CAD and issued over 5 million shares to the sellers. This strategic acquisition positions Element79 within a premier gold district, potentially enhancing its resource base and market viability amid rising inflation.
Element79 Gold Corp. provides a year-end update on exploration and acquisitions. The Dale gold project in Ontario has completed a Phase I exploration program, with notable soil sampling results expected, following up on prior samples yielding up to 3.82 g/t gold. The company is moving forward with strategic acquisitions, including the Maverick Springs project in Nevada and the Snowbird High-Grade Gold Project in British Columbia, despite some delays in transaction completions. These developments position Element79 Gold for potential growth in the gold sector.
Element79 Gold Corp. is updating its acquisition of Goldco, previously announced on October 4, 2021. The company will acquire all outstanding shares of Goldco under a securities exchange agreement, which includes the flagship Maverick Springs Project and the Battle Mountain Portfolio. Initially set for completion by November 30, 2021, the transactions faced delays due to outstanding consents. Element79 Gold expects to finalize the acquisitions in December 2021, enhancing its presence in northeast Nevada's gold mining region.
Element79 Gold Corp. has appointed Mr. Andy Cole as an Advisor to its Board of Directors. Cole has over 34 years of experience in the mining sector, having held executive roles at major companies like Barrick Gold and Donlin Gold. His extensive background, particularly at the Goldstrike Mine, positions him to contribute significantly to Element79 Gold's projects, including the Maverick Springs and Battle Mountain portfolios. The company is currently finalizing its acquisition of the Maverick Springs Project, which consists of 247 mining claims in Nevada.
Element79 Gold Corp. (OTC PINK:ELMGF) announces the launch of a 3,000m Fall Drill Program at the Snowbird High-Grade Gold Project in British Columbia, following high historical yields of up to 8,508 g/t gold and 2,900 g/t silver. The company has signed a binding Letter of Intent to acquire Plutus Gold Corp., which holds an option on the Snowbird Project. Element79 will finance the drill program through a $1,100,000 CAD loan facility. A 43-101 Technical Report is expected by mid-December 2021, and the project spans 2,726 hectares, promising future exploration potential.
Element79 Gold Corp. has appointed Mr. Antonios Maragakis as Chief Operating Officer, bringing over 15 years of experience in managing multi-billion dollar mining projects internationally. His notable roles include leadership positions at Barrick Gold and Freeport-McMoRan. The company also announced DTC approval under the ticker symbol ELMGF, facilitating electronic settlements and enhancing liquidity on OTC markets. This strategic move aims to bolster operations and potentially increase investor engagement as Element79 focuses on developing its gold properties in Nevada, British Columbia, and Ontario.