Peru: Additional trial results bolster the momentum of the Lucero project

These geochemical assays of exploration samples continue to support the immense potential harbored by the crown jewel.

Element79 Gold reported additional results from the latest underground and surface sampling of its high-grade gold and silver project Lucero, located in Arequipa, Peru. These geochemical assays of exploration samples continue to support the immense potential harbored by the crown jewel.

"The data obtained is not only promising; it's the cornerstone upon which our future efforts will be built," said James Tworek, CEO of Element 79. "These recent results, along with historical data, represent the foundation upon which we are advancing our Lucero project."

Out of a total of 97 samples sent for analysis, 56 of them yielded more than 0.1 g/t of gold (up to 8.55 g/t of gold and 523 g/t of silver). Several samples also showed richness in base metals (up to 23.7% lead and 9.9% zinc), all of which underscore the wealth of our project and further support the company's belief that a solid resource base can be delineated.

Tworek added, "These data help demonstrate, from a methodical and unbiased perspective, where the ore 'is' and where it 'is not.' When modeled in conjunction with previous sampling data and historical production data, this shows that current underground additions and open veins, as well as their surface expressions, are economically robust, where future exploration and drilling campaigns will highlight where we will focus on mineral extraction.