Element79 Gold: Ongoing Commitment to Community Empowerment
Element79 Gold: Ongoing Commitment to Community Empowerment
Chachas, Arequipa, Peru
VANCOUVER, BC / THENEWSWIRE / March 4, 2024 – Element79 Gold Corp. (CSE: ELEM) ( OTC: ELMGF)
(FSE: 7YS) ( "Element79", the "Company") is pleased to provide further insight into its e nvironmental,
social and g overnance ("ESG") efforts, including ongoing social ini�a�ves with the Chachas Community
local to the Lucero mine.
Chachas Community Engagement
Element79 remains steadfast in its commitment to sustainable and responsible mining prac�ces ,
recognizing the pivotal role of community engagement in project success. In line with this commitment,
Element79 has partnered with UMA ("UMA"), a prominent Peruvian Non-Governmental Organiza�on
(NGO) based in Lima. UMA helps communi�es across Peru develop through a focus on environmental
educa�on, with a drive to understand social and economic scenarios of developing communi�es to help
create solu�ons to their unique social-environmental challenges.
Together, Element79 and UMA aim to develop a comprehensive educa�on program that will create a
baseline of knowledge and percep�on of the mining industry as well as social, environmental and
economical topics tailored for the Chachas community and surrounding areas.
The social evalua�on model , led by UMA, encompasses diagnos�c assessment, data evalua�on, and the
design of a social educa�on plan focused on educa�ng about the mining industry and sustainability. The
diagnos�c assessment will measure the community's percep�on and knowledge o f various facets,
including the mining industry, environment al concerns , social dynamics, and economic themes. The
curriculum, based on local socioeconomic themes and topics garnered from the community diagnos�c
assessment, will be delivered through classroom sessions using dynamic books for three age groups that
UMA is developing, with the educa�on process providing pragma�c solu�ons and inspira�on to students.
The subsequent data evalua�on phase will delve into the following:
• The community's comprehension and percep�on of the mining industry
• Their understanding of social hierarchies and needs
• The awareness and priority associated with environmental issues
• Their familiarity with economic concepts
• Their knowledge about na�onal development and educa�onal, employment opportuni�es across
the country
• The distribu�on of industrial ac�vi�es and their impact in local socie�es
Based on the assessment and data evalua�on, the resul�ng educa�on plan will priori�ze sustainability
across its three pillars: economic, social and environmental.
"We have been increasing our presence in the Chachas community with a drive to create a las�ng posi�ve
impact through community empowerment and view the social evalua�on model as a crucial step in
nurturing a robust rela�onship with the Community," said James Tworek, President and CEO of Element79
Gold. "The overarching objec�ve is to equip the community with accurate informa�on and knowledge
about the mining industry as a whole, as well as how we can grow and operate together, dispelling doubts
and enabling mutually informed decision-making."
Local Chachas Office Opening
To facilitate its ongoing community rela�ons as well as increasing level of field work ramping up to ore
opera�ons later in the year, The Company has set up an official field office in Chachas, Arequipa as of
February, 2024.
Image 1 – the Element79 Gold Corp office located on Calle San Antonio, in Chachas, Arequipa, Peru
Local Miners – Formalizing Agreements for Work at Lucero in 2024 and Beyond
Element79 is ac�vely nego�a�ng with local ar�sanal miners to formalize an agreement during the first
quarter of 2024, enabling proper access to direct extrac�on. T o formalize an agreement between the
par�es would ensure that all current and future ar�sanal produc�on would be sold directly to Element79
as raw material (brosa) for processing, securing the legal produc�on permits of the ar�sanal miners under
the Company’s mineral leases, thereby harnessing an es�mated 70-100 tons per week of produc�on per
month that is an�cipated to restart in Q2/24. Other aspects of the proposed agreement include extending
the current work permit for as many as 15 years (requested), ensure that all current produc�on adheres
to Element79's OH&S and environmental standards as well as several addi�onal community -focused
ini�a�ves including employment of local logis�cal and mining teams, and terms for fair remunera�on for
mine workers. The Company looks forward to providing further updates on th ese processes in the near
term as nego�a�ons with the local miner groups conclude through March 2024.
Addi�onal Social Ini�a�ves
Element79’s community rela�ons team has been present in Chachas 10-20 days per month over the past
year and a half, helping and learning with the community. Through the Company’s presence and
collabora�on with UMA and the Chachas Community and local ar�sanal miners, a number of addi�onal
social ini�a�ves are being considered as poten�al future commitments with the local community ,
extending and fostering rela�onships, empowering:
• Child Anemia Diagnosis and Reduc�on: Targe�ng children aged 0 to 5 years.
• Water Access Program: Ensuring access to clean water.
• Start Link Internet: Providing satellite Wi-Fi connec�vity.
• Technical Skill Development: Preparing locals for future employment opportuni�es.
• Local Entrepreneurship: Cul�va�ng future product providers within the community.
About Element79 Gold Corp.
Element79 Gold is a mining company focused on gold and silver commited to maximizing shareholder
value through responsible mining prac�ces and sustainable development of its projects. Element79 Gold's
focus is on devel oping its past-producing, high-grade gold and silver mine, the Lucero project located in
Arequipa, Peru, with the intent to restart produc�on in 2024.
The Company also holds a por�olio of 5 proper�es along the Batle Mountain trend in Nevada, with the
Clover and West Whistler projects believed to have significant poten�al for near -term resource
development. Three proper�es in the Batle Mountain Por� olio are under contract for sale to Valdo
Minerals Ltd., with an an�cipated closing date in the first half of 2024. The Company has also signed an
Op�on Agreement to sell the Maverick Springs project, an advanced -stage exploratory property with an
Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) (see 43-101 technical report
�tled: Amended Technical Report on the Maverick Springs Project, Nevada, USA, by Allan Armitage, PhD.,
P .Geo, and Rohan Millar, B.Sc. P .Geo., dated October 7, 2022, available on SEDAR) and an�cipates
comple�ng this sale on or before July 21, 2024.
In Bri�sh Columbia, Element79 Gold has executed a Leter of Intent and funded a drilling program to
acquire a private company that holds the op�on to 100% interest of the Snowbird High-Grade Gold Project,
which consists of 10 mineral claims located in Central Bri�sh Columbia, approximately 20km west of Fort
St. James.
The Company has an op�on to acquire a 100% interest in the Dale Property, 90 unpatented mining claims
located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has
transferred this project to its wholly owned subsidiary, Synergy Metals Corp, and is advancing through the
Plan of Arrangement spin-out process.
For more informa�on about the Company, please visit www.element79.gold
Contact Informa�on
For corporate matters, please contact:
James C. Tworek, Chief Execu�ve Officer
E-mail: [email protected]
For investor relations inquiries, please contact:
Investor Rela�ons Department
Phone: +1.403.850.8050
E-mail: [email protected]
Cau�onary Note Regarding Forward Looking Statements
This press contains "forward-looking informa�on" and "forward -looking statements" under applicable
securi�es laws (collec�vely, "forward-looking statements"). These statements relate to future events or
the Company's future performance, business prospects or opportuni�es that are based on forecasts of
future results, es�mates of amounts not yet determinable and assump�ons of management made
considering management's experience and percep�on of historical trends, current condi�ons 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; explora�on ac�vi�es; the
�ming and result of explora�on ac�vi�es; capital projects and explora�on ac�vi�es and the possible
results thereof; acquisi�on opportuni�es; and the impact of acquisi�ons, if any, on the Company.
Assump�ons may prove to be incorrect and actual results may differ materially from those an�cipated.
Consequently, forward-looking statements cannot be guaranteed. As such, investors are cau�oned not to
place undue reliance upon forward-looking statemen ts as there can be no assurance that the plans,
assump�ons or expecta�ons upon which they are placed will occur. All statements other than statements
of historical fact may be forward-looking statements. Any statements that express or involve discussions
with respect to predic�ons, expecta�ons, beliefs, plans, projec�ons, objec�ves or future events or
performance (o�en, but not always, using words or phrases such as "seek", "an�cipate", "plan",
"con�nue", "es�mate", "expect", "may", "will", "project", "predict", "forecast", "poten�al", "target",
"intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements".
Actual results may vary from forward -looking statements. Forward -looking statements are subject to
known and unknown risks, uncertain�es and other factors that may cause actual results to materially differ
from those expressed or implied by such forward -looking statements, including but not limited to: the
dura�on and effects of the coronavirus and COVID -19; risks related to the integra�on of acquisi�ons;
actual results of explora�on ac�vi�es; conclusions of economic evalua�ons; changes in project parameters
as plans con�nue to be refined; commodity prices; varia�ons in ore reserves, grade or recovery rates;
actual performance of plant, equipment or processes rela�ve to specifica�ons and expecta�ons;
accidents; labour rela�ons; rela�ons with local communi�es; changes in na�onal or local governments;
changes in applicable legisla�on or applica�on thereof; delays in obtaining approvals or financing or in the
comple�on of development or construc�on ac�vi�es; exchange rate fluctua�ons; req uirements for
addi�onal capital; government regula�on; environmental risks; reclama�on expenses; outcomes of
pending li�ga�on; limita�ons on insurance coverage as well as those factors discussed in the Company's
other public disclosure documents, available on www.sedarplus.ca. Although the Company has atempted
to iden�fy important factors that could cause actual results to differ materially from those contained in
forward-l o o k i n g s t a t e m e n t s , t h e r e m a y b e o t h e r f a c t o r s t h a t c a u s e r e s u l t s n o t t o b e a s a n � c i p a t e d ,
es�mated or intended. The Company believes that the expecta�ons reflected in these forward-looking
statements are reasonable, but no assurance can be given that these expecta�ons will prove to be correct
and such forward-looking statements included herein should not be unduly relied upon. These statements
speak only as of the date hereof. The Company does not intend, and does not assume any ob liga�on, to
update these forward-looking statements, except as required by applicable laws.
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.