Element79 Gold Corp Files NI 43-101 Technical Report for Elephant Project in Nevada's Battle Mountain District

Executive Summary

• Element79 Gold Corp. filed an NI 43‑101 technical report for its Elephant Project in Nevada, highlighting skarn and porphyry gold‑copper potential.
• Historical drilling (32 holes, 11,868 m) returned notable high‑grade gold intercepts, supporting the view of a larger mineralized system at depth.
• The company outlined a multi‑phase “drill‑ready” exploration program that includes core re‑logging, expanded geophysical surveys, 3D modeling and targeted drilling of IP chargeability corridors.

Key Details

• Project Overview: Elephant Project sits on the east‑central flank of the Battle Mountain District; ~3,740 acres (1,514 ha) covered by 187 unpatented lode claims with year‑round access and existing infrastructure.
• Historical Work: 32 drill holes totaling 11,868 m (38,937 ft); 27 holes reached bedrock.
• Notable Historic Intercepts:
• EL04 P3 – 1.5 m @ 14.5 g/t Au and an additional 1.5 m @ 1.735 g/t Au.
• Hole 3C – 6.2 ft @ 7.70 g/t Au; multiple intervals of 0.59–1.60 g/t Au over 1‑20 m.
• Geophysical Highlights: IP‑Resistivity survey identified chargeability anomalies interpreted as sulfide zones; airborne magnetics show magnetite‑related alteration consistent with porphyry systems.
• Target Prioritization: Four IP lines defined as priority drill intervals; targets aligned with north‑northeast intrusive trend where multi‑element grades are highest.
• Next‑Step Program:
• Legacy Core Program – re‑log, photograph, digitize historic core; conduct QA/QC assays and petrography.
• Geophysics Integration – complete property‑wide ground/drone magnetics survey; extend IP coverage; merge historical gravity data with public datasets.
• 3D Geological Model – integrate structural, geochemical, and geophysical data to rank targets.
• Drilling Phase – test IP chargeability corridors and intrusive trend, focusing on Section 12 (highest multi‑element grades).
• Qualified Person: Technical information reviewed and approved by Kim Kirkland, Director of Element79 Gold Corp., Fellow of AusIMM (#309585).

Notable Quotes

“This Report further highlights the potential of the Elephant Project, supporting the Company’s intention to advance a systematic exploration program aimed at expanding on past work and unlocking the project’s full potential in a district that already hosts tier‑one operations,” – Michael Smith, CEO, Element79 Gold Corp.

Materiality Assessment: Non‑Material – Positive (the release provides material technical information about mineral potential but does not disclose new financial results or definitive resource estimates).