Element79 Gold Appoints CEO James Tworek to Board of Directors
Element79 Gold Appoints CEO James Tworek to Board of Directors
Vancouver, British Columbia – TheNewswire - July 12, 2023 – Element79 Gold Corp. (CSE: ELEM) (OTC:
ELMGF) (FSE: 7YS) ("Element79 Gold", the "Company") is pleased to announce the appointment of James
C. Tworek, the Company’s CEO, as a non-independent Director of the Company. In addition to his
operational role as CEO, Mr. Tworek will now be in a more direct supportive role to work with the Board
in strategic decision making and guidance.
James has been the CEO of Element79 Gold Corp since its pre -IPO era an d has built his career holding
positions as Director, Senior Management, Operation al and Analytical roles in both public and private
companies. As successful entrepreneur, his 25-year career started in banking in 1998 and he has garnered
a wealth of experi ence across diverse industries between Commercial Banking, Mining, Oil and Gas,
Project Finance, mezzanine debt, mortgage brokerage, Hemp/legal Cannabis, and Clean Water/Envirotech
industries. His investing experience includes real estate, private mining, private equity, startup
generation, tech, and agricultural ventures.
A team leader, James built his career on successfully executing, developing and reaching corporate growth
targets. His strong communication skills , honesty and integrity with investors and stakeholders make him
an asset as a board member.
Mr. Tworek comments “It’s a huge achievement to be brought onto the board here at Element79, where
I can actively be part of the decision-making process for the Company’s future beyond solely my day-to-
day operational role as CEO. I look forward to enacting change and generating value for our shareholders
with my fellow Directors as the Company continues to gr ow through executing our plans and strategies
today and through the coming years.”
About Element79 Gold
Element79 Gold is a mining company focused on gold, silver and associated metals. Element79 Gold’s
main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine,
the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near
term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern
Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-
constrained mineral resource estimate reflecti ng an inferred resource of 3.71 million ounces of gold
equivalent “AuEq” at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of Oct.
19, 2022 (see news release October 20, 2022, available on SEDAR). The acquisition of the Maverick Springs
Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are
non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent
and funded a drilling program t o acquire a private company which holds the option to 100% interest of
the Snowbird High -Grade Gold Project, which consists of 10 mineral claims located in Central British
Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100%
interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of
Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the
non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale
or spin-out. For more information about the Company, please visit www.element79.gold
On Behalf of the Company
James Tworek
CEO
Contact Information
Investor Relations Department – Dylan Anderson
Phone: +1.613.879.9387
E-mail: [email protected]
Cautionary Note Regarding Forward Looking Statements
This press contains "forward‐looking information" and "forward -looking statements" under applicable
securities laws (collectively, "forward‐looking statements"). These statements relate to future events or
the Company's future performance, business prospec ts or opportunities that are based on forecasts of
future results, estimates of amounts not yet determinable and assumptions of management made in light
of management's experience and perception of historical trends, current conditions and expected future
developments. Forward-looking statements include, but are not limited to, statements with respect to:
the Company’s business strategy; future planning processes; exploration activities; the timing and result
of exploration activities; capital projects and exploration activities and the possible results thereof;
acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove
to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-
looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance
upon forward -looking statements as there can be no assurance that the plans, assumptions or
expectations upon which they are placed will occur. A ll statements other than statements of historical
fact may be forward‐looking statements. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often,
but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might",
"should", "believe" and similar expre ssions) are not statements of historical fact and may be "forward‐
looking statements".
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.