Element79 Gold Corp has secured a two-year extension of its drilling permit for the 100%-owned Gold Mountain Project located along Nevada's Battle Mountain trend. The extension allows the company to advance its exploration strategy with drill-ready targets that have been identified through historical work and technical studies. The Gold Mountain Project represents a cornerstone of Element79's Nevada portfolio, with the permit extension ensuring continuity of exploration activities in one of the world's most productive gold jurisdictions. Previous exploration has identified significant gold mineralization potential, with favorable geology consistent with major deposits in the region.
Michael Smith, CEO of Element79 Gold, stated that securing the permit extension is a crucial step for executing drill programs and advancing the project toward resource development. The company recently obtained a 43-101 technical report compiling historic data, which was completed and filed on September 3, 2025. The technical information in the release has been reviewed and approved by Kim Kirkland, Chief Operating Officer of Element79 Gold Corp and a qualified person as defined by National Instrument 43-101. The project is considered drill-ready with multiple high-priority targets already defined, positioning Element79 to build long-term value for shareholders through systematic exploration of the Nevada property.
The permit extension matters because it provides regulatory certainty for Element79 Gold to advance exploration in a region known for major gold discoveries. Nevada's Battle Mountain trend hosts some of North America's most significant gold deposits, making continued access to this jurisdiction critical for junior mining companies. The two-year timeframe allows for comprehensive drill testing of identified targets without interruption, which is essential for moving from exploration to potential resource definition. For investors, this represents reduced regulatory risk and a clear path forward for value creation through methodical exploration.
The implications extend beyond Element79's immediate operations to the broader junior mining sector. Successful exploration at Gold Mountain could demonstrate the continued potential of established mining districts, encouraging further investment in systematic re-evaluation of historical properties. The company's approach of compiling historical data into a compliant technical report before drilling represents industry best practices for responsible resource development. As global gold demand remains strong amid economic uncertainty, efficient advancement of projects in stable jurisdictions like Nevada becomes increasingly important for supply security.
