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Element79 Gold Welcomes Barrick Gold Alumnus and Experienced Mining Executive as Chief Operating Officer

By on October 20, 2021 0

VANCOUVER, BC / ACCESSWIRE / October 20, 2021 / Element79 Gold Corp. (CSE: ELEM) (OTC ROSE: ELMGF) (FSE: 7YS) (“Element79 Gold”, the “Society“) is pleased to welcome Mr. Antonios Maragakis as Chief Operating Officer.

Mr. Maragakis holds a distinguished resume, including leadership and executive positions overseeing multi-billion dollar project portfolios internationally in organizations such as:

  • Barrick Gold Company (listed on the New York Stock Exchange), where he leads project oversight in North America on a portfolio of more than 70 projects worth more than $ 2.3 billion.

  • Skeena Resources Limited (listed on the Toronto Stock Exchange), where he worked closely with senior management to develop the Eskay Creek project as well as business processes and management systems.

  • Freeport-McMoRan Inc. (listed on the NYSE), where he helped develop the $ 3 billion Indonesian copper smelter project which includes a 2 million ton / year smelter and a precious metals recovery plant.

  • Eldorado Gold Company (TSX, NYSE Listed), where he served as project manager for the over $ 1 billion Skouries project and led the operational turnaround of the Kassandra mines.

  • Koch Industries (the largest privately held company in the United States), at its subsidiary Koch Ag. & Energy Solutions where he helped execute Enid’s mega-expansion project, at the time the largest investment project ever undertaken by the entire Koch Industries conglomerate.

  • Mochica Resources and Calipuy Resources (Peruvian private gold mines) where he oversaw the development of various project portfolios.

“It’s a tremendous vote of confidence when a seasoned director like Mr. Maragakis, with his vast experience overseeing multi-billion dollar projects, makes the decision to devote his valuable time to a junior mining company like Element79 Gold, ”said James Tworek, President and CEO of the Company. “The expertise Mr. Maragakis brings to the table will be invaluable in the development of our growing portfolio of properties.”

Mr. Maragakis has completed his doctorate. at the University of Delft, M.Sc. at the University of Bath, as well as his B.Sc and BA at the University of Nevada, and his executive education at the London Business School. He brings with him over 15 years of experience leading some of the biggest mining megaprojects of the past decade.

“Based on my international experience, particularly in Nevada and Canada, I am confident in my ability to deliver significant value to such a diverse set of properties at Element79 Gold,” commented Mr. Maragakis. “I look forward to working with the team on this unique opportunity, especially in these early stages of development. “

Element79 Gold Receives DTC Approval

The Company is also pleased to announce that DTC has completed its eligibility review and has approved Element79 Gold under the symbol “ELMGF”. DTC is a subsidiary of Depository Trust & Clearing Corp., a US company that manages electronic clearing and settlement of publicly traded companies. Securities eligible for electronic clearing and settlement through DTC are considered eligible for DTC. Element79 Gold’s common shares have been made eligible for DTC’s book-entry delivery and depository services to facilitate electronic settlement of transfers of its common shares in the United States. Eligibility for DTC will simplify the trading process and should improve the liquidity of the company’s common stock in the over-the-counter markets. The Company is pursuing a complete application for registration with the OTCQB.

About Element79 Gold

Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mineral properties for gold and associated metals in the mining-friendly jurisdictions of Nevada, British Columbia and from Ontario. In Nevada, the Company completes the acquisition of the flagship Maverick Springs project, which includes 247 unpatented mining claims on the border of Elko and White Pine counties, Nevada, and the Battle Mountain portfolio, which includes 2,203 unpatented mining claims. patented. in Elko County, Eureka County, Humbolt County, Lander County and Nye County, Nevada. In British Columbia, the Company signed a letter of intent to acquire a private company that holds the option of a 100% interest in the high-grade Snowbird gold project, which consists of 10 mineral claims located in central British Columbia, approximately 20 km west of Fort Saint-James. In Ontario, the Company has an option to acquire a 100% interest in the Dale property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins mining division. , Township of Dale. For more information about the Company, please visit www.element79.gold Where www.element79gold.com

Contact details

For corporate affairs, please contact:

James C. Tworek, President and CEO
Email: [email protected]

For all investor relations questions, please contact:
Investor Relations Department
Telephone: +1 (604) 200-3608
Email: [email protected]

Sources

Element79 Gold makes no warranty as to the completeness, accuracy, verifiability or relevance of any of the information contained on the following third party links and expressly assumes no obligation to update the following links.

(1) CV provided to the Company by Mr. Maragakis

(2) https://www.forbes.com/sites/andreamurphy/2020/11/23/americas-largest-private-companies-2020-koch-industries-at-no-1-for-first-time-in-13- years /? sh = 2f968c38fa5f

(3) https://news.kochind.com/CMSPages/GetFile.aspx?guid=78b12cd6-3070-4b7a-9901-afeb74356301#:~:text=Koch%20Nitrogen%27s%20facility%20in%20Enid,largest%20in%20Koch % 20Industries% 27% 20history.

(4) https://www.tudelft.nl/en/about-tu-delft

(5) https://www.bath.ac.uk/announcements/bath-takes-top-10-position-in-the-times-and-sunday-times-good-university-guide-2022/

Neither the Canadian Securities Exchange nor the market regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical disclaimer

This press release and related maps contain information on adjacent properties and properties with similar characteristics on which the Company does not have the right to explore or exploit. Readers are cautioned that mineral deposits on adjacent properties or properties that share similar characteristics are not indicative of mineral deposits on Company properties. Readers are also cautioned that this press release contains historical technical information based on historical data prepared by former owners. A qualified person has not done sufficient work to confirm this information; important data compilation, re-drilling, resampling and data verification may be required for this purpose.

Caution Regarding Forward-Looking Statements

This press contains “forward-looking information” and “forward-looking statements” under applicable securities laws (collectively, “forward-looking statements”). These statements relate to future events or the future performance of the Company, business prospects or opportunities which are based on forecasts of future results, estimates of amounts not yet determinable and management’s assumptions made in light of the management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, without limitation, statements regarding: the business strategy of the Company; future planning processes; exploration activities; the timing and results of exploration activities; capital projects and exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove to be inaccurate and actual results may differ materially from those anticipated. Therefore, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, assumptions or expectations upon which they are based will be realized. All statements other than statements of historical fact may be forward-looking statements. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, or future events or performance (often, but not always, using words or phrases such as “seek “,” Anticipate “,” plan “,” continue “,” estimate “,” expect “,” may “,” will “,” plan “,” predict “,” foresee “,” potential “,” target (“,” intend “,” could “,” could “,” should “,” believe “and similar expressions) are not statements of historical fact and may be” forward-looking statements “.

Actual results may differ from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to limited to: the duration and effects of the coronavirus and Covid-19[FEMALE;lesrisquesliésàl’intégrationdesacquisitions;résultatsréelsdesactivitésd’exploration;conclusionsdesévaluationséconomiques;deschangementsdanslesparamètresduprojetàmesurequelesplanscontinuentd’êtreaffinés;prixdesmatièrespremières;lesvariationsdesréservesdemineraidelateneuroudestauxderécupération;performancesréellesdel’usinedel’équipementoudesprocessusparrapportauxspécificationsetauxattentes;lesaccidents;lesrelationsdetravail;relationsaveclescommunautéslocales;changementsdanslesgouvernementsnationauxoulocaux;lesmodificationsdelalégislationapplicableousonapplication;delaysinobtainingapprovalsorfundingorcompletingdevelopmentorconstructionactivities;exchangeratefluctuations;additionalcapitalrequirements;governmentregulations;environmentalrisks;repaircosts;outstandinglitigationresults;limitationsoninsurancecoverageaswellasfactorsdiscussedinotherpublisheddocuments[FEMININE;lesrisquesliésàl’intégrationdesacquisitions;résultatsréelsdesactivitésd’exploration;conclusionsdesévaluationséconomiques;deschangementsdanslesparamètresduprojetàmesurequelesplanscontinuentd’êtreaffinés ;prixdesmatièrespremières;lesvariationsdesréservesdemineraidelateneuroudestauxderécupération ;performancesréellesdel’usinedel’équipementoudesprocessusparrapportauxspécificationsetauxattentes ;lesaccidents;lesrelationsdetravail;relationsaveclescommunautéslocales;changementsdanslesgouvernementsnationauxoulocaux;lesmodificationsdelalégislationapplicableousonapplication ;lesretardsdansl’obtentiondesapprobationsoudufinancementoudansl’achèvementdesactivitésdedéveloppementoudeconstruction ;fluctuationsdestauxdechange;lesexigencesenmatièredecapitalsupplémentaire ;laréglementationgouvernementale;risquesenvironnementaux;fraisderemiseenétat ;lesrésultatsdeslitigesencours ;limitationsdelacouvertured’assuranceainsiquelesfacteursdiscutésdanslesautresdocumentsd’informationpubliquedelaSociétédisponiblessurwww.sedar.com. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors which cause results not to be as anticipated, estimated or planned. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that such expectations will prove to be correct and the forward-looking statements included herein should not be unduly relied upon. These statements are only valid as of the date hereof. The Company does not intend and assumes no obligation to update these forward-looking statements, except as required by applicable law.

THE SOURCE: Element79 Gold Corp.

See the source version on accesswire.com:
https://www.accesswire.com/668842/Element79-Gold-Welcomes-Barrick-Gold-Alumnus-and-Experienced-Mining-Executive-as-Chief-Operating-Officer


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