Element79 Gold (CSE:ELEM) Advances Nevada-Focused Growth Strategy with Drill-Ready Assets

Highlights

• Element79 Gold is advancing its gold projects in Nevada's Battle Mountain District: Elephant and Gold Mountain.
• Gold Mountain, 100% owned since July 2025, is fully permitted and hosts historic surface samples grading up to 31.2 g/t Au.
• The U.S. Bureau of Land Management approved the Gold Mountain reclamation bond in October 2025, enabling drilling.
• The company plans to drill high-priority targets at Gold Mountain.
• The Elephant Project spans 3,740 acres and includes 32 historic holes (11,868m) showing gold structures.
• December 2025 NI 43-101 report calls for additional drilling to probe skarn- and porphyry-style gold-copper targets at Elephant.

Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0) is a precious metals exploration company focused on advancing gold assets in Nevada’s Battle Mountain Mining District. The company holds 100% ownership of two projects—Elephant and Gold Mountain - both positioned in a prolific mining region known for long-lived gold production.

Acquired strategically in 2025, Gold Mountain has progressed into a fully permitted, drill-ready project, supported by exceptional historic grades and recent regulatory approvals. Complementing this, the Elephant Project, the company’s larger land package, builds on decades of historical exploration and targets both high-grade veins and bulk-tonnage systems. With execution plans underway, the company expects to unlock value through targeted drilling.

Gold Mountain Positioned for Near-Term Drilling

The Gold Mountain Project is strategically located near historic and active gold mines, offering a fast-track path to discovery in an area surrounded by large resources and existing mines.

Historic surface sampling has returned high-grade gold values of up to 31.2 g/t Au, supported by geological modelling and structural interpretation. With favourable topography, the project is well suited for low-cost exploration, as per the company.

The company has achieved a key regulatory milestone at Gold Mountain, with the U.S. Bureau of Land Management accepting a reclamation bond in October 2025. This approval confirmed compliance with environmental and financial assurance requirements and cleared the path for expanded exploration activity.

Element79’s near-term plans include completing a capital raise and launching a drill program to test high-priority targets.

Elephant Project Targets Organic Discovery Potential

The Elephant Project represents Element79’s cornerstone for organic discovery in Nevada. This property spans approximately 3,740 acres across nearly 187 unpatented lode claims within the Battle Mountain Trend.

Historical exploration at Elephant included 32 drill holes totalling nearly 11,868m and has uncovered multiple gold-rich structures, compelling surface sampling anomalies, and drill intercepts signalling potential for both high-grade veins and bulk-tonnage gold deposits. Scattered mineralization in widely spaced holes hints at a larger, deeper system waiting to be unlocked.

An independent NI 43-101 technical report filed in December 2025 integrates geological, geophysical, and historical drilling data. The report calls for more drilling to probe skarn- and porphyry-style gold-copper targets.

The company plans to refine targets by revisiting historical core, advancing mapping and geophysics, and progressing toward drill testing in high-priority zones.

With Gold Mountain permitted and drill-ready and Elephant positioned for further exploration following the December 2025 NI 43-101 report, Element79 Gold remains focused on progressing its Nevada assets through disciplined exploration and project execution. As precious metals prices continue to trend higher, the company’s near-term strategy emphasizes drilling, data refinement and value generation through exploration results.  

ELEM shares closed at CAD 0.025 per share on 08 January 2026.