Drilling Underway at Gold79's Gold Chain Project in Arizona
Drilling Underway at Gold79's Gold Chain
Project in Arizona
Ottawa, Ontario--(Newsfile Corp. - September 20, 2021) - Gold79 Mines Ltd. (TSXV: AUU) ("Gold79" or
the "Company") is pleased to announce that it commenced drilling on September 17, 2021 at its Gold
Chain Project in Arizona. To date, 5 holes have been completed at the Roadside Mine area and the drill
is in the process of being moved to the Banner Mine area. The program is expected to comprise
approximately 1,500m testing several near-surface targets.
Mr. Rob Johansing, Vice President Exploration, stated,
"Our drill program has been initiated at the
Roadside mine where we are following shallow zones of quartz stockwork away from the historical
mine."
Mr. Johansing continued,
"We are looking forward to the initial tests of several targets in the
Banner Mine area, an historic mine which has never seen modern exploration."
Mr. Derek Macpherson, President & CEO, stated,
"I am excited that this program is underway and look
forward to initial assays in the coming weeks."
Please see our
September 13
th
, 2021
press release for the details on the targets being tested in this
program.
Qualified Person / Quality Control and Quality Assurance
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration is a qualified
person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this
press release.
About Gold79 Mines Ltd.
Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA.
Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon
Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project
located in Arizona, USA. In addition, Gold79 holds two projects with minority interest being a 37.1%
interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited and a 20%
carried interest in the Taviche Project in Oaxaca, Mexico now under option to Fortuna Silver Mines Inc.
For further information regarding this press release contact:
Derek Macpherson, President and
Chief Executive Officer by email at
or by phone at 416-294-6713. Gold79's
website is located at
www.gold79mines.com
.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements that are made as of the date hereof and
are based on current expectations, forecasts and assumptions which involve risks and uncertainties
associated with our business including any private placement financings, the uncertainty as to whether
further exploration will result in the target(s) being delineated as a mineral resource, capital
expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals,
expansion and growth of the business and operations, plans and references to the Company's future
successes with its business and the economic environment in which the business operates. All such
statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-
looking statements under, applicable Canadian securities legislation. Any statements contained
herein that are statements of historical facts may be deemed to be forward-looking statements. By
their nature, forward-looking statements require us to make assumptions and are subject to inherent
risks and uncertainties. We caution readers of this news release not to place undue reliance on our
forward-looking statements as a number of factors could cause actual results or conditions to differ
materially from current expectations. Please refer to the risks set forth in the Company's most recent
annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at
www.sedar.com
. Gold79 does not intend, and disclaims any obligation, except as required by law, to
update or revise any forward-looking statements whether as a result of new information, future events
or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/96990