Extensive Channel Sampling And Mapping Reveal Promising Exploration Horizons On Lucero Property

Extensive Channel Sampling And Mapping Reveal Promising Exploration Horizons On Lucero Property

VANCOUVER – Element79 Gold Corp. reported on recent efforts on its Lucero property, further highlighting the flagship project’s vast potential. The latest underground mapping and channel sampling efforts on Element79’s Lucero property have revealed additional insights, surpassing initial expectations. Accessible historical working, originally estimated at just 2.5 km, has been significantly. Recent work has documented an expansive network spanning 8.9 km of workings, with 85% now meticulously mapped and sampled. These findings significantly expand our understanding of Lucero’s geological landscape, positioning the Company for unprecedented exploration opportunities.

To date a total of 19 adits have been mapped, with 10 additional adits remaining for underground mapping. In addition to discovery of significantly more accessible working, work done between October and December yielded significant insight into the project’ gold-silver mineralization. Mineralization conforms to the intermediate sulfidation epithermal style, characterized by Au-Ag veins with associated lead and zinc sulphides. Subvertical structures, hosted with dacite tuffs are the primary controls of the mineralized veins, with an average vein width of 0.40m. Within the Apacheta zone, mineralization remains open at depth and towards the northwest. Two structures exhibiting significant exploration potential for gold-silver mineralization have been identified: the Promesa vein and the Pillune sector. Notably, the Pillune sector appears hosts a well-defined ore shoot, highlighting its substantial mineralization potential.

“As we advance on this journey of discovery, our commitment to unlocking Lucero’s vast potential through collaborative relationships remains unwavering,” said James Tworek, CEO. “With each milestone, we inch closer to realizing our vision of sustainable and responsible resource exploration and production. We remain dedicated to creating enduring value for our shareholders and fostering prosperity within the communities we operate.”