Curated News
By: NewsRamp Editorial Staff
September 17, 2025
Element79 Gold Secures 2-Year Drilling Permit Extension for Nevada Project
TLDR
- 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.
Impact - Why it Matters
This development matters because successful gold exploration in established mining districts like Nevada's Battle Mountain trend can lead to new mineral discoveries that boost local economies, create jobs, and increase gold supply. For investors, it represents potential growth opportunities as Element79 advances toward resource development. In the broader context, new gold discoveries help maintain global gold reserves, which are crucial for various industries and financial markets.
Summary
Element79 Gold Corp has secured a crucial two-year extension of its drilling permit for the Gold Mountain Project, formerly known as Long Peak, located along Nevada's prolific Battle Mountain trend. This permit extension, announced on September 17, 2025, allows the company to advance its exploration strategy with confidence in one of the world's most productive gold jurisdictions. CEO Michael Smith emphasized that this development ensures continuity in their exploration efforts and positions the company to execute drill programs aimed at advancing toward resource development and building long-term shareholder value.
The Gold Mountain Project is considered drill-ready with multiple high-priority targets already defined through historical work and technical studies. Element79 recently obtained a NI 43-101 Technical Report, compiling historic data with completion and filing on September 3, 2025, which highlights significant gold mineralization potential consistent with major deposits in the region. The company intends to commence drilling activities under the extended permit to further delineate these targets and unlock additional value in the project, supported by technical oversight from qualified person Kim Kirkland, Chief Operating Officer.
Element79 Gold Corp is primarily focused on its Lucero Project in Peru but considers Gold Mountain a cornerstone of its Nevada portfolio alongside the Elephant project. The company is also completing the spin-out of its Dale Property in Ontario into subsidiary Synergy Metals Corp. Investors can find more information at www.element79.gold, while the original release remains available on www.newmediawire.com, providing comprehensive details about this significant development in gold exploration.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Element79 Gold Secures 2-Year Drilling Permit Extension for Nevada Project
