Element 79 Corp sichert sich Meilenstein Deal with Peruvian Partner

Element79 Gold (TSX.V: ELEM, FSE: 7YS, WKN: A3E41D) with regard to the letter of intent that is entitled, 1.3 million tons of gold haltigen Abraum from the private Peruvian Unternehmen SMRL PALAZA 16 (“Palaza”) in Arequipa, Peru, zu kaufen and zu verarbeiten. The Abbraurest tribes of früheren Bergbauaktivitäten in the Mines Shila and Paola (heute as Mine Lucero bekannt). The weederaufbereitung der Halden is about the strategic plan, the Lucero mine weeder in Betrieb are nehmen. Element79 uses the LOI as a “bedeutenden Meilenstein”.

The strategic partnership with the local anchors of the international platform strengthens regional and communal ties. The private sale price of the palace, which won the launch of the projects, won 50,000 dollars in gold. As a result of Due Diligence, Element79 will conduct this study in a 43-101 and PEA study. I started in the fall of a year on an upgrading scheme after the end of the rainy season, the end of 1. Quarter to 2 years. Quarter 2025 begins.

Element 79 costs the option 25,000 USD and will abschließen Due Diligence einschließlich der Probenahmen in the next 75 days. Vorbehaltlich zfriedenstellender Ergebnisse and der Zahlung weiterererer 50,000 USD soll der Kauf thennbindlich abgeschlossen. As a variable Basic Price for the Abraum, the Partner has agreed to an additional price of USD 10 per tonne (18%) for a composite Gold Price of USD 2,200. Zusätzlich zum Kaufpreis zahlt Element79 Gold voor alle verarbeiteten Abgänge a Lizenzgebühr of 1% a Palaza. Palaza hat Element79 Gold authorized, on his foundation a processing facility with a capacity of 350 tons per day to build. This analysis will no longer be carried out by the American economy, but also as a basis for the other mineral raw materials from the production of Lucero and regional small mountain farmers (ASMs) that serve with the soul, efficiency and output of the maximiers.

James Tworek, CEO and President of Element79 Gold Corp, commented: “Without any of these strategic partners, Palaza, our involvement in the start-up of the company, has helped to drive a successful and innovative mining operation. The Palaza team has been in the region for many years, has developed a solid local business operation and has a full experience with the Shila mine’s experience and involvement in the pipeline. The end of the sale is no longer possible on Element79’s basis, allowing us to take a long waiting list and a fixed-rate position, while the time to invest, the Abraumhalden to remediate, a stable mortgage, and a loss for many local logistical obstacles to production from the Lucero mine and other mines in the region. As it is, the U.S. economy of both parties and the municipalities involved offers a great economic way to bring a price into the Peruvian mining sector, it is even greater.”

Strategic Partnership offers a combination of both corporate websites Advantages

During the Verbeitung der Abraumhalden a potential potential is found by both Partners. Internal damage on the basis of modified laboratory tests of 2011 and 2012 was the gold worth in the Abraumhalten with that time point of 1.5 g/t. The gold-colored/outtake from the Abraumhalden are 85% and the silvery 75% are estimated. Palaza estimates, the price of the projects has a value of 50,000 Unzen Gold-equivalent won. With a total gross gold equivalent of 100 Million US Dollars (with a Gold Prize of 2,000 US Dollars) with 80% additional resources (80 Million US Dollars), additional 16 Million US Dollars Input Costs (Abraum) and 6 to 20 Million US Dollars Anlagen costs, costs of the project are a project launch of 15 years 44 to 58 Millionen US-Dollar gross erwirtschaften (2.9 to 5.3 Millionen US-Dollar gross per year).

Element79 offers a new technology

Element79 Gold hat offered the possibility to increase the security and minimize the environmental effects of the plants for Abraum. The due diligence investigation was carried out by the Mahl- und Aufbereitungsverfahren met en ohne Chemikalien, de Erzaufbereitung, de Effizienz und de Bodenundurchlässigkeit zur Verhinderung von Bodenauswasschungen testedet. Element79 Gold ensures that all its activities strengthen environmental and community standards.

Conclusion: The association Swiss Element79 and the private Peruvian company Palaza offers both parties significant economic benefits. Provide social and ecological notes for the region and the local community. It is a place for the local population that lasts for a long time a number of important years, the final remediation of four high-stacked Abraumhalden, which makes these etwa 19 years inactive and are covered with “biomembranes” and limestone, was closed. It is the best that Element79 on the Foundation of the coming 43-101 Messages and the PEA-institutional Mittel for the Development of the Mill / Aufbereitungsanlage for Abraum can provide, which the Anlage in the production of the production in the Lucero production can perform -My photos are taken. Faster cash flow is the best argument on the gold market, another mine cannot suffer from it.