Element79 Gold Corp has secured a two-year extension of its drilling permit for the company's 100%-owned Gold Mountain Project located along Nevada's Battle Mountain trend. The permit extension allows the mining company to continue its exploration strategy in one of the world's most productive gold jurisdictions, with historical work and technical studies having already identified drill-ready targets that will be central to the company's focus over the next two years.
The Gold Mountain Project, formerly known as Long Peak, represents a cornerstone of Element79's Nevada portfolio and is considered drill-ready with multiple high-priority targets already defined. Previous exploration has identified significant gold mineralization potential, with favorable geology consistent with major deposits in the region. The company recently obtained a 43-101 property of merit technical report compiling historic data, with completion and filing of the NI 43-101 Technical Report occurring on September 3, 2025.
Michael Smith, CEO of Element79 Gold, stated that securing the two-year permit extension is a crucial step in ensuring continuity of the exploration strategy at Gold Mountain. The company is now positioned to execute on its drill programs and advance the project toward resource development, with the intent of building long-term value for shareholders. Element79 intends to commence drilling activities under the extended permit to further delineate these targets and unlock additional value in the project.
The technical information in the release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a qualified person as defined by National Instrument 43-101. The Battle Mountain trend represents a world-class gold district, making the permit extension significant for both the company and the broader mining industry's exploration activities in this prolific region.
