Element79 Gold Corp Receives Exploration Permit for Lucero Project from Chachas Community
Element79 Gold Corp has received an exploration permit from the Chachas Community in Peru for their Lucero project. The Company holds an exclusive rights of exploration in an area of over 143 hectares of land located in the province of Huancavelica. The Chachas Community Project is comprised of two concessions – Los 16 and Los 19/20.
Element79 Gold Corp is a minerals exploration company that focusses on gold and silver-bearing projects. The company focuses on the discovery and development of high-quality gold deposits in Peru and Mexico, where there has historically been a strong historical geology for precious metals.
The Chachas Community, located in Peru’s Huancavelica Province, is comprised of 39 families and has been granting permits for exploration since 2012. The Chachas Community has been providing financial and technical investment in order to advance gold exploration and create economic benefit in the region.
The Lucero project of Element79 covers 8,000 hectares of land in two concessions, including the Los 16 and Los 19/20 mining units. This project is expected to develop further in 2021 and 2022. The Company plans to conduct metallurgical studies and analysis of the different ore types found on the property.
Element79 Gold CEO Fletcher Newton commented on the exploration permit, “We are pleased to have received the exploration permit from the Chachas Community. We look forward to advancing this project and increasing our presence in Peru.”
The granting of the exploration permit will be a major step for the Company and opens up numerous opportunities for the local communities. It will give them access to resources and knowledge that could potentially bring economic benefit and job creation to the region. In addition, the Company is committed to sustainable mine operations as part of their corporate social responsibility.
The Exploration permit is a major milestone for Element79 Gold and reflects the value of their project and the benefits it can bring to the local community. It will help to further development of the project in a socially responsible manner and allow the Company to unlock greater value from the gold and silver found beneath the ground.