Element79 Gold: Positive Developments and Path to Production! We're excited to share some key updates from our recent interview! ⛏ 👉Reviving a High-Grade Gold & Silver Mine in Peru Our focus is on bringing a once-shuttered mine, historically Peru's highest-grade gold and silver producer, back to commercial production. Thanks to rising gold prices, this project is now economically viable. 👉Exploration Success & Permitting Progress Promising exploration results with high-grade gold and silver samples position us well for development. We're nearing completion on a crucial 10-year permit and actively working to secure a follow-up 10-year exploration permit. 👉Strategic Partnerships & Revenue Generation We understand the importance of generating cash flow. Our recent funding success strengthens our project, and we're establishing partnerships with local artisanal miners to create a win-win scenario. These miners will continue to operate independently while selling their gold to Element79, allowing us to generate revenue through wholesaling. This initial revenue stream positions us well for larger-scale production in the future. 👉Drilling on the Horizon & Community Support Drilling is anticipated to begin in June or July, with final dates dependent on securing financing agreements and contractors. We're encouraged by the strong community support and momentum behind this project. We're transforming Element79 into a revenue-generating gold & silver company! Stay tuned for further updates. #miningindustry #juniormining #miningnews #miningsector #mininginvestment
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Pleasure of speaking with James, the CEO of Element 79 Gold, about the exciting developments at their Peru mine. We discussed their collaboration with local artisanal gold miners and their strategy to reach cash flow positive status. Enjoy the insights! https://lnkd.in/gpCjsWDq $ELEM.CN portfolio stock Element79 Gold Corp