Element79 Gold Secures Two-Year Drilling Permit Extension for Nevada Gold Project
TL;DR
Element79 Gold Corp secured a two-year drilling permit extension for its Gold Mountain Project, positioning the company to advance exploration and build shareholder value.
The permit extension allows Element79 to execute drill programs on defined targets at Gold Mountain, following completion of the NI 43-101 technical report.
Advancing gold exploration in Nevada supports responsible resource development and potential economic benefits for local communities and stakeholders.
Element79's Gold Mountain Project lies along Nevada's prolific Battle Mountain trend, known for major gold deposits and significant mineralization potential.
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Element79 Gold Corp has secured a two-year extension of its drilling permit for the company's 100%-owned Gold Mountain Project located along Nevada's Battle Mountain trend. The permit extension allows the mining company to continue its exploration strategy in one of the world's most productive gold jurisdictions without interruption.
The Gold Mountain Project represents a cornerstone of Element79's Nevada portfolio, with historical work and technical studies having identified multiple drill-ready targets that will form the focus of the company's exploration efforts over the next two years. The project is considered drill-ready with several high-priority targets already defined, featuring favorable geology consistent with major gold deposits in the region.
Michale Smith, CEO of Element79 Gold, stated that securing the permit extension is crucial for ensuring continuity of the company's exploration strategy. The company is now positioned to execute its drill programs and advance the project toward resource development, with the intention of building long-term value for shareholders.
Element79 recently obtained a 43-101 property of merit technical report that compiled historic data, with completion and filing of the NI 43-101 Technical Report occurring on September 3, 2025. Previous exploration has identified significant gold mineralization potential at the site, which was formerly known as Long Peak.
The company intends to commence drilling activities under the extended permit to further delineate these targets and unlock additional value in the project. The technical information in the release has been reviewed and approved by Kim Kirkland, Chief Operating Officer of Element79 Gold Corp and a qualified person as defined by National Instrument 43-101.
This development is significant for the mining industry as it demonstrates continued investment in gold exploration within established mining districts. The Battle Mountain trend in Nevada represents one of the world's most productive gold regions, and successful exploration at Gold Mountain could contribute to North America's gold supply chain and potentially create economic opportunities in the region.
Curated from NewMediaWire
