Gold79 Receives Acceptance Letter for Its Plan of Operations to Drill the Jefferson Canyon Project
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) has received an Acceptance Letter from the United States Forest Service (USFS) for its Plan of Operations (POO) to explore the Jefferson Canyon Project in Nevada. This marks a positive step in the permitting process, although drilling has not yet been approved. The next steps include public consultation, state heritage agency review, and other assessments before a final decision and bonding.
The Jefferson Canyon project, located 7 km from Kinross's Round Mountain operations, has 145 historical drill holes with promising results. Gold79 entered an Exploration and Option agreement with Kinross in 2022. While there's a possibility of drilling in 2024, it's more likely that the permitting process will extend beyond this year.
Additionally, Gold79 has issued 306,396 common shares related to a US$48,000 payment for its Gold Chain project option agreement.
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) ha ricevuto una Lettera di Accettazione dal Servizio Forestale degli Stati Uniti (USFS) per il suo Piano Operativo (POO) per esplorare il Progetto Jefferson Canyon in Nevada. Questo segna un passo positivo nel processo di autorizzazione, sebbene la perforazione non sia stata ancora approvata. I prossimi passi includono una consultazione pubblica, la revisione da parte dell'agenzia statale per il patrimonio e altre valutazioni prima di una decisione finale e della garanzia.
Il progetto Jefferson Canyon, situato a 7 km dalle operazioni Round Mountain di Kinross, ha 145 pozzi storici con risultati promettenti. Gold79 ha firmato un accordo di Esplorazione e Opzione con Kinross nel 2022. Anche se c'è la possibilità di perforazione nel 2024, è più probabile che il processo di autorizzazione si estenda oltre quest'anno.
Inoltre, Gold79 ha emesso 306.396 azioni ordinarie relative a un pagamento di 48.000 USD per il suo accordo di opzione sul progetto Gold Chain.
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) ha recibido una Carta de Aceptación del Servicio Forestal de los Estados Unidos (USFS) para su Plan de Operaciones (POO) para explorar el Proyecto Jefferson Canyon en Nevada. Esto marca un paso positivo en el proceso de permisos, aunque aún no se ha aprobado la perforación. Los próximos pasos incluyen consulta pública, revisión por parte de la agencia estatal de patrimonio y otras evaluaciones antes de una decisión final y de la fianza.
El proyecto Jefferson Canyon, ubicado a 7 km de las operaciones Round Mountain de Kinross, tiene 145 agujeros de perforación históricos con resultados prometedores. Gold79 firmó un acuerdo de Exploración y Opción con Kinross en 2022. Aunque existe la posibilidad de perforación en 2024, es más probable que el proceso de permisos se extienda más allá de este año.
Además, Gold79 ha emitido 306,396 acciones ordinarias relacionadas con un pago de 48,000 USD por su acuerdo de opción del proyecto Gold Chain.
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF)는 네바다의 제퍼슨 캐니언 프로젝트 탐사를 위한 운영 계획(POO)에 대해 미국 산림 서비스(USFS)로부터 승인 통지를 받았습니다. 이는 허가 절차에서 긍정적인 진전을 의미하지만, 드릴링 승인은 아직 이루어지지 않았습니다. 다음 단계는 공공 상담, 주 유산 기관의 검토 및 최종 결정과 보증 전에 필요한 기타 평가를 포함합니다.
제퍼슨 캐니언 프로젝트는 킨로스의 라운드 마운틴 작업장에서 7km 떨어진 곳에 위치해 있으며, 145개의 역사적인 굴착 홀에서 유망한 결과를 보였습니다. Gold79는 2022년에 킨로스와 탐사 및 옵션 계약을 체결했습니다. 2024년 드릴링 가능성은 있지만, 허가 절차는 올해를 넘어 계속될 가능성이 높습니다.
또한, Gold79는 Gold Chain 프로젝트 옵션 계약과 관련하여 48,000달러의 지급에 대해 306,396주를 발행했습니다.
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) a reçu une lettre d'acceptation du United States Forest Service (USFS) pour son plan d'opérations (POO) afin d'explorer le projet Jefferson Canyon au Nevada. Cela marque une étape positive dans le processus de délivrance des permis, bien que le forage n'ait pas encore été approuvé. Les prochaines étapes comprennent une consultation publique, une révision par l'agence du patrimoine de l'État et d'autres évaluations avant une décision finale et une caution.
Le projet Jefferson Canyon, situé à 7 km des opérations Round Mountain de Kinross, compte 145 trous de forage historiques avec des résultats prometteurs. Gold79 a signé un accord d'exploration et d'option avec Kinross en 2022. Bien qu'il existe une possibilité de forage en 2024, il est plus probable que le processus de délivrance des permis s'étende au-delà de cette année.
De plus, Gold79 a émis 306 396 actions ordinaires liées à un paiement de 48 000 USD pour son accord d'option sur le projet Gold Chain.
Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) hat ein Annahmeschreiben vom United States Forest Service (USFS) für seinen Betriebsplan (POO) zur Erkundung des Jefferson Canyon Projekts in Nevada erhalten. Dies stellt einen positiven Schritt im Genehmigungsprozess dar, obwohl das Bohren noch nicht genehmigt wurde. Die nächsten Schritte umfassen eine öffentliche Konsultation, die Überprüfung durch die staatliche Denkmalschutzbehörde und weitere Bewertungen vor einer endgültigen Entscheidung und der Kaution.
Das Jefferson Canyon Projekt, das 7 km von den Round Mountain Betrieben von Kinross entfernt liegt, verfügt über 145 historische Bohrlöcher mit vielversprechenden Ergebnissen. Gold79 trat 2022 eine Explorations- und Optionsvereinbarung mit Kinross ein. Auch wenn es die Möglichkeit einer Bohrung im Jahr 2024 gibt, ist es wahrscheinlicher, dass der Genehmigungsprozess über dieses Jahr hinausgeht.
Darüber hinaus hat Gold79 306.396 Stammaktien im Zusammenhang mit einer Zahlung von 48.000 USD für seine Optionsvereinbarung zum Gold Chain-Projekt ausgegeben.
- Acceptance Letter received from USFS for Jefferson Canyon Project Plan of Operations
- Progress in the permitting process for Jefferson Canyon exploration
- Jefferson Canyon project has 145 historical drill holes with promising results (e.g., 41.2m at 6.4 g/t gold and 402 g/t silver)
- Exploration and Option agreement with Kinross for Jefferson Canyon project
- Kinross has made all required payments associated with the agreement to date
- Drilling at Jefferson Canyon not yet approved, further steps required
- Permitting process likely to extend beyond 2024, delaying potential drilling
- Issuance of 306,396 common shares for Gold Chain project payment, potentially diluting existing shareholders
Ottawa, Ontario--(Newsfile Corp. - August 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") has received an Acceptance Letter from the United States Forest Service ("USFS") for its Plan of Operations ("POO") to explore the Jefferson Canyon Project in Nevada.
The Acceptance Letter indicates that the USFS believes that the POO submitted is acceptable based upon studies and documentation submitted to date. The next steps include consultation with both the public and state heritage agency, along with other reviews, which are expected to be followed by a Record of Decision and bonding, before drilling can commence.
Derek Macpherson, President and CEO of Gold79, states, "This is a positive step forward in the Jefferson Canyon permitting process; and, while we are not yet able to start drilling, we continue to make progress towards that end." Mr. Macpherson continued, "It is important to note that while there is still a possibility that drilling could occur this year, the most likely scenario emerging is that the permitting process will not be completed in-time to drill in 2024."
The original Plan of Operations for Jefferson Canyon was submitted in July 2021 and the cultural and biological studies were completed and submitted in Q2 2022. Gold79 received feedback on the proposed areas of disturbance relative to identified cultural sites in March 2023. After multiple revisions to the plan, it was resubmitted on December 12, 2023. After some additional minor revisions, the Acceptance Letter was received on August 26, 2024. The application is for 20 drill sites and associated roads to service them.
The Jefferson Canyon project in Nye County, Nevada is located 7 kilometres from Kinross's Round Mountain operations. The project has 145 historical drill holes, including 41.2m at 6.4 g/t gold and 402 g/t silver (GJ-81). In 2022, Gold79 entered into an Exploration and Option agreement with Kinross. Kinross has made all the required payments associated with the agreement to date and has been working with Gold79 on completing the permitting process.
Gold Chain share payment
Further to its press release dated July 27, 2023, the Company announces that it has issued 306,396 common shares of the Company in connection with a US
Qualified Person / Quality Control and Quality Assurance
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release.
About Gold79 Mines Ltd.
Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds
For further information regarding this press release contact:
Derek Macpherson, President & CEO
Phone: 416-294-6713
Email: dm@gold79mines.com
Website: www.gold79mines.com
Book a 30-minute meeting with our CEO here.
Stay Connected with Us:
Twitter: @Gold79Mines
Facebook: https://www.facebook.com/Gold79Mines
LinkedIn: https://www.linkedin.com/company/gold79-mines-ltd/
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any proposed private placement or any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221179
FAQ
What is the current status of Gold79's Jefferson Canyon Project in Nevada?
When is Gold79 Mines (AUSVF) expected to start drilling at Jefferson Canyon?
What is the significance of the Jefferson Canyon Project for Gold79 Mines (AUSVF)?
Has Gold79 Mines (AUSVF) issued any new shares recently?
