Who We Are
Element79 Gold Corp is a precious metals mining company focused on gold, silver and associated metals committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects.
Our flagship project, Lucero, is a previously-producing high-grade gold mine. It has the dual potential for resource discovery and development through 74 at-surface veins and a large high-sulphidation target to drill out; it also has the potential to generate revenue as it is permitted for 350 tpd of ore extraction and we are currently working to bring this back into production the near term.
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Key Assets
Element79 Gold's flagship property has the potential to become a significant resource as well as cash-flow generation machine. Lucero has a high-sulphidation zone and 74 at-surface veins to develop into a resource, as well as is permitted for 350 tpd of ore extraction. We are currently working to bring this high-grade gold mine back into production as soon as possible.
Commitment to Local Community
We are committed to upholding the highest standards of environmental and ethical responsibility as we explore, and to minimizing the environmental impact of our operations, while ensuring mutual advantages to the local communities we work in.
We believe that mining can be a sustainable industry, and we are taking steps to ensure that our operations at the Lucero mine have the most positive impact possible on the environment and the community.
We are committed to working with the Community of Chachas to ensure that the restart of the Lucero mine is mutually beneficial. We believe that mining can be a force for good, and we are committed to using our resources to improve the lives of the people in the communities where we operate.
Lucero Property
Formerly operated as the Shila mine from 1989 to 2005, Lucero consists of 10,805 hectares located in the Chila mountain range of Southern Peru, which contains several historic high-grade Au-Ag mines that were operated from the late 1980s to 2005 with small-scale artisanal mining ongoing since 2005.
Past-producing Lucero Mine is one of the highest-grade underground mines in Peru's history. On average, it produced 20,000 oz+/yr at a head grade of 19g/t AuEqin its last 5 years of production ending in 2005.
Past-Producing Asset
Multiple avenues of revenue generation exist, from reprocessing existing tailings, toll processing for Local Artisanal miners (producing an estimated 400-500 tons of ore per month), and extracting ore ourselves.
Revenue Generation Opportunities
Local offices and consistent presence has created friendly, collaborative relationships, with mutually-beneficial long-term surface access agreements being forged.
Community Support
Low burn rate, and past projects were developed and sold for profit to maintain a clean balance sheet strengthened shares of other publicly-traded companies for growth and future liquidity .
Clean Financials
Our projects are located in Arequipa, Peru. It is a mining-forward jurisdiction, considered to be one of the best addresses to operate and develop projects in.
Favourable Jurisdictions
Lucero hosts an 74 at-surface veins and attractive yet-untouched porphyry region bordered by vuggy silica surface showings that has been long contemplated as a high-sulphidation target for exploratory drilling and strong potential resource development.
Exploration Upside Potential
Investor Value Levers
