HIDDEN GEM REVEALED

Our #1 Rated Stock of the Year: Why Element79 Gold is a 'Must-Own' in 2022

Capital Research Division | January 28th, 2022
BREAKING NEWS: ELEMENT79 GOLD (CSE:ELEM) HOLDS VALUE DESPITE MARKET CRASH, OUTPERFORMING STOCKS, BONDS, AND CRYPTO.
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Report Highlights:

  • Inflation is a real risk — but Element79 Gold (CSE:ELEM) benefits in a big way due to its growing portfolio of assets in the world’s top gold mining region. The recent recruitment of senior management from industry titans such as Barrick Gold, Freeport-McMoRan and Eldorado Gold is a reliable leading-indicator of project potential.
     
  • Leading hedge funds hold exposure to Element79 Gold (CSE:ELEM)’s claims, alongside giants like Newmont, Kinross and Gold Fields — a strong signal of worthwhile investment. Recent institutional financing and large insider ownership has created a limited public float share supply in Element79 Gold (CSE:ELEM), meaning a small amount of new buying interest can contribute to record-breaking price levels.
     
  • Exponential upside grows larger each day as drilling commences at Element79 Gold (CSE:ELEM), similar companies have seen +2,390% monster runs on surprise drill result announcements.

Important Trading Note

It’s rare to find an investment opportunity with early entry timing, but we believe we have done just that with Element79 Gold (CSE:ELEM).

Timing is everything in the markets and we’re fortunate to deliver this exclusive report to readers in the early stages, before any surprise drill results have a chance to spark major price runs. In our past profiles, it’s always the readers who invest early who reap the biggest returns.

That’s why it’s important investors act quickly.

If you’re looking to get shares in early stages, it’s best to place an order before the market opens for the full size of your position.

The calculus is simple: the sooner you are fully bought-in with your entire investment size, the less likely you are chasing it on the way up. Early returns can be extremely meaningful as they compound throughout the lifecycle of your investment.

Take a moment to read the full report for yourself and we’re certain you’ll agree:

Element79 Gold is setting up to be the breakout stock of the year.

Government Created The Problem

An incomprehensible amount of money has been minted in the last few months. Trillions upon trillions of new dollars have been injected into the system.1,2 Governments around the world are spending future tax revenues in unprecedented ways — the true effects of which have yet to be realized and one chart explains why.

Plotting the price of gold over the total money supply reveals a startling truth:

Gold isn’t expensive…

…it only appears that way because it’s being compared to something that loses its value.3

And only the smartest investors seem to be paying attention:

Legendary investors like Dr. Michael Burry (the man who predicted the sub-prime mortgage crisis), Ray Dalio, Paul Tudor Jones, and Elon Musk are sounding the alarm on inflation.4,5

The ‘Must-Own’ Company of The Year

That’s why our #1 stock to own in 2022 is Element79 Gold Corp. (CSE:ELEM), a junior miner sitting atop one of the largest land packages in Nevada18 smack dab in the middle of the largest gold complex in the world.19

, because this company is moving fast.

It came as no surprise that some of the world’s top investors were already positioned to profit here:

  • Renaissance Technologies,20 the legendary hedge fund manager with an unbeatable track record, their Medallion fund has outperformed Warren Buffett by 200X22
  • Paulson & Co,23 made famous by The Big Short, out-performing the biggest names on Wall Street by investing in what everyone else overlooked and netting $20B24

Both funds hold indirect upside exposure to Element79 Gold (CSE:ELEM)’s Snowbird High-Grade Gold Property, carefully traced through a complex web of regulatory filings. 20,23

That’s not all.

Some of the biggest names in mining—including Newmont Corporation—have exposure to the upside of Element79 Gold’s claims. When successful billion dollar companies are attracted to properties owned by a new junior mining player like Element79 Gold, it’s best to pay close attention.

Billion Dollar Players Already Invested

  1. Newmont ($45B), the world’s largest gold miner, holds an indirect interest25
  2. Kinross Gold ($9B), a top-10 gold miner, also set to benefit26
  3. Gold Fields ($7B), another top-10, has upside exposure28
  4. Pan American Silver ($6B) also stands to profit30
  5. Seabridge Gold ($1.3B), holds a piece31

These billion dollar players were discovered to hold indirect upside exposure to Element79 Gold (CSE:ELEM)’s properties, uncovered through significant due diligence across multiple sources.25,26,28,30,31

These multi-billion dollar behemoths have a knack for being invested in the right place at the right time. That’s why when we conducted our due diligence…

…and discovered some of the most successful firms in the world32 were already invested here…

…senior management hailing from Barrick Gold, Freeport-McMoRan, Eldorado Gold, Koch Industries…

…including assets surrounded by some of the biggest gold mines in the world…

…and yet trading at valuations a mere fraction of its neighbors…

…we realized how big of a story we had uncovered with Element79 Gold (CSE:ELEM) and why it’s the perfect play in the new inflation age.

A Buyout in the Making?

3 Factors Driving Monumental Buyout Potential

  1. Acquisition Track Record

    The very same companies circling Element79 Gold (CSE:ELEM) have a proven track record in taking over junior mining projects and bringing them into full production, often times acquiring projects and companies for hundreds of millions, and even billions of dollars.

    A growing list of buyouts from nearby majors:

    $10 BILLION Merger (Newmont buys Goldcorp)63
    $7.1 BILLION Buyout (Kinross buys Red Back)60
    $1.07 BILLION Takeover (Pan American Silver acquires Tahoe)61
    $608M Acquisition (Iamgold takes over Trelawney)99
    $526M Buyout (Goldcorp buys Probe Mines)122
    $500M Valuation (Nevada Gold buys 10% of neighbor)62
    $456M All-Cash Transaction (Newmont acquires GT Gold)123
    …is Element79 Gold (CSE:ELEM) the next major buyout target?

  2. Fundamental Pressure for Gold Takeovers

    Bank of America’s analyst team believe the pressure to replace reserves that have been mined will be one of the big drivers for mergers and acquisitions this year, noting that gold reserves have been falling, while gold output has remained stable. The need to replace gold reserves means the M&A market will be a seller’s market this year, according to Bank of America’s analysts, and they see junior and intermediate producers as potential acquisition targets for larger producers struggling to make up their reserves.56

    Gold Is Gearing Up for a Sustained Rally, Goldman Says.64

    Goldman Sachs’ latest research note forecast gold at USD $2,000/oz in 3, 6, and 12-month horizons.65

  3. Extremely Limited Share Supply

    Very tightly held capital structure at only ~44M shares outstanding97 with company insiders holding significant long-term positions,97 demonstrating the confidence insiders have in the long-term upside at Element79 Gold (CSE:ELEM).

to stay up to date on any major changes to the industry outlook, gold projections, flash alerts on breaking news and more.

Follow The Insiders

Why Leaders At Element79 Gold (CSE:ELEM) Are Holding Large Share Positions For Long-Term

Insider ownership is a sign that insiders are bullish on the company’s stock, think it may be undervalued, and often expect it to rise in the future.

When you see insiders like this holding their shares, it means something.

Massive Insider Holdings

Millions of Shares Held Directly By Insiders

The number of shares held closely by direct insiders at Element79 Gold speaks volumes to the situation here, with millions of shares held by its board of directors, senior executive team and insiders.97 Given the facts laid out below, it’s no surprise why insiders are holding so much stock in Element79 Gold (CSE:ELEM).

Long-Term View

Majority of Management Shares Are in Lockup

The vast majority of all management shares are locked in a long-term escrow agreement with the stock exchange,97 further evidence of management’s commitment and view of the long-term success story developing with Element79 Gold (CSE:ELEM).

Location, Location, Location

Prime Locations in the World’s Top Mining Destinations

Element79 Gold (CSE:ELEM) holds prime locations across three different world-class mining jurisdictions including Nevada, British Columbia and Ontario with a staggering 17+ properties combined all at various stages of exploration.

Due to clever strategic negotiation, Element79 Gold (CSE:ELEM) has secured high-potential claims in both Canada and the USA that are far larger than any junior miner we have ever seen. In addition to their initial 1,735 hectare property in Ontario97 and their additional 2,700-hectare property in mineral-rich British Columbia,51 their newest asset includes 18,000 hectares—literally one of the largest land packages in Nevada,79 smack-dab in the middle of the gold region where Barrick and Newmont are operating a joint venture.106

Most exploration companies are lucky to have 2 properties. Element79 Gold (CSE:ELEM) has a jaw-dropping 17, which makes it more like a company that’s been around for years. Not only is that simply incredible, it gives them endless opportunities at the bargaining table when the time is right—and monster opportunities for investors alongside the company.

Here’s what’s most stunning: With tremendous potential assets on the Maverick property in Nevada and only 44 million shares outstanding,97 Element79 Gold (CSE:ELEM)’s current share price could prove to be a bargain. Keep in mind the company will have to update the historical 43-101 to bring it current. If the data is even close to the historical number, Element79 Gold (CSE:ELEM) could be in for a massive price correction upward when the new numbers are announced in the coming months.

Lightspeed M&A: Element79 Gold’s Incredible Development Pace

Element79 Gold (CSE:ELEM) has, in the short time since its IPO, already initiated the acquisition of no less than 17+ major property packages, including prime acreage in the world famous mining districts of northeastern Nevada. This demonstrates the speed at which management operates and their understanding of the all-important process of M&A to drive shareholder value.

Any single property can make an entire company’s legacy. Element79 Gold (CSE:ELEM) has, within weeks of its IPO, already secured far and beyond a typical company’s portfolio. At this rate, imagine the progress management will make in the coming months ahead. We’ve also already seen a work program announced for their Dale Property88 and a Phase 2 drill program outlined in their 43-10189 (more on that below), which could quickly send shares soaring on surprise drill results—we’ve seen it happen before.

Drill Results Can Net Life-Changing Returns

The year prior, we watched one of the most explosive stories in junior mining unfold. At the beginning, it appeared to be just another junior mining company closing the day at $0.72 on August 21st, 2018.102 But early in the morning the very next day, drill results were announced showing several stretches of high-grade gold.82 Just over a year later, that very same stock closed at $9.08 on September 18th, 2019. Today, that stock trades at $13.20 after coming off a 52-week high of $17.93.102

An investor from day 1, before the drill results were announced, turned a modest $40,000 investment into nearly $1 million dollars at the peak. Returns like that can be life-changing and didn’t take a lifetime of saving to realize, it was on the back of positive drill results from the right junior mining company.

, to stay up to date on any upcoming announcements, including potentially game-changing drill results.

The Underlying Assets

An Overview of The Element79 Gold (CSE:ELEM) Properties and Assets

With 18,000 hectares—nearly 70 square miles—this is an unusually large land package for a junior miner sitting in a precious-metals hotspot among elephants like Newmont and Barrick.

The Nevada Game-Changer: Maverick & Battle

Element79 Gold (CSE:ELEM)’s latest acquisition target, Maverick Springs, is located within the legendary Carlin Trend gold belt92, home of the famed Carlin Mine, the world’s second largest gold mine83 reported a staggering 1.7 million ounces of gold production in 2020.91 In fact, this highly-distinguished gold belt has produced over 90 million ounces of gold to date.90 At present gold prices, that’s in excess of $150 TRILLION dollars worth pulled out of the area.107 It’s clear as day, Element79 Gold’s claims are in the right place.

On top of that, the Battle Mountain portfolio includes 15 highly prospective properties just to the west, with several early-stage drill holes revealing promising intercepts and high-grade finds.

The majority of the Battle Mountain Projects are located within the Battle Mountain Trend (see figure below), with several Projects in close proximity to globally reputable gold deposits including Nevada Gold’s Cortez Mine, the third largest gold mine in North America93 and the sixth largest in the world, which reported 2020 gold production at 799,000 ounces.91 The same belt of deposits also contains the recently discovered Goldrush complex that, as of 2016, carries measured and indicated resources of 25.2 million tonnes grading 10.6 g/t, representing 8.6 million ounces of gold in the ground.94

The Battle Mountain Portfolio is comprised of 15 separate Projects that total over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. The Projects are primarily located along the Battle Mountain-Eureka Trend, a belt of gold deposits spanning over 100 miles in length between Battle Mountain and Eureka, Nevada, which is home to several of the United States’ largest gold mines, including Nevada Gold’s world-famous Cortez and Phoenix operations, which produced a combined 1 million ounces of gold in 2020,91 and SSR Mining Inc.’s Marigold Mine, which is expected to produce approximately 2.37 million ounces of gold between 2018 and 2028.95

The northernmost Projects in the Battle Mountain Portfolio, the Golconda and Clover Projects, lie just south of the Getchell Gold Belt, which bridges the northwestern ends of the Carlin and Battle Mountain Trends, and contains Nevada Gold’s Turquoise Ridge Mine, the third largest gold mine in the US with 537,000 oz of gold production reported in 2020.91 The Brock and Stargo Projects are situated on the southern end of the Austin-Lovelock Trend, southwest of Eureka and northeast from Kinross Gold Corporation’s Round Mountain Mine, which placed as the fourth largest gold mine in the US91 and, in November of 2018, poured its 15 millionth ounce of gold since beginning operations in 1978.96

The total list of Projects that comprise the Battle Mountain Portfolio include:

The Brock Project: 220 Unpatented Claims in Eureka County
The Clipper Project: 69 Unpatented Claims in Lander County
The Clover Project: 169 Unpatented Claims in Elko County
The Elder Creek Project: 6 Unpatented Claims in Lander County
The Elephant Project: 197 Unpatented Claims in Lander County
The Golconda Project: 108 Unpatented Claims in Humboldt County
The Horseshoe Basin Project: 50 Unpatented Claims in Lander County
The Long Peak Project: 34 Unpatented Claims in Lander County
The North Battle Mountain Project: 67 Unpatented Claims in Lander County
The North Mill Creek Project: 23 Unpatented Claims in Lander County
The Pipeline South Project: 144 Unpatented Claims in Lander County
The Stargo Project: 337 Unpatented Claims in Nye County
The Walti Project: 402 Unpatented Claims in Eureka County and Lander County
The West Cortez Project: 274 Unpatented Claims in Lander County
The West Whistler Project: 103 Unpatented Claims in Eureka County
The Fraser Institute just ranked this area as the top jurisdiction in the world for investment based on the Investment Attractiveness Index.55

A Gold Iceberg? The Snowbird High-Grade Gold Project

Located in British Columbia, the Snowbird High-Grade Gold Project is in the heart of a traditionally productive mining area. Centerra Gold’s Mount Milligan, very close to the north, produces copper and silver, and contains 2.4 million ounces of gold in proven and probable reserves.46 And to the south, the Artemis Gold Blackwater Project contains a proven and probable reserves of approximately 8.2 million gold ounces and 60.8 million silver ounces.47

Element79 Gold (CSE:ELEM)’s 2,700-hectare claim block includes an entire 4.8-kilometer vein system.120

But here’s the key: At Snowbird, the geology of the vein system is astonishingly similar to several other legendary regions that have produced multi-millions of ounces of gold,51 including the Mother Lode District, California’s legendary 150-mile-long gold belt that helped drive the Gold Rush in the mid-1800s.48 Located in the foothills of the Sierra Nevada Mountains, the Mother Lode includes the most productive and best-known mining districts in California’s gold country.49 Other analogous areas include the Bralorne Mine Complex in British Columbia, which produced 4.2 million ounces of gold before closing in 1971,51 and the Timmins Camp in Ontario, which has to date produced more than 70 million ounces.51

The Snowbird High-Grade Gold Project resembles a “junior Mother Lode” in an incredibly important respect: Both are structurally controlled mesothermal deposits. Unlike epithermal deposits (which are shallow), mesothermal deposits can have significant depth extent measured in kilometers.50 Note, however, that Snowbird has only been drilled to a maximum of 400 meters, with the overwhelming majority of the drilling less than 200 meters. 51 If geology is an indicator, there’s plenty of reason to believe veining persists deeper like it does in the Mother Lode, which has been mined as deep as 1.8 kilometers.52

In a depth scenario, the numbers at play could quickly skyrocket, sending shares of Element79 Gold along with it.

Positive Results Send Shares Skyrocketing

When another Canadian junior miner announced positive drill results last year, their shares soared over 500% in a matter of days.80 The key was that the company had drilled deeper than it had before and proved its potential resources extended much further than previously thought.

Positive drill results can send shares soaring.

to stay up to date on any upcoming announcements, including potentially game-changing drill results.

Speaking of Timmins: The Dale Property

Element79 Gold (CSE:ELEM)‘s Dale Property is a highly prospective early-stage gold project located in the Swazye greenstone belt, which is turn is part of the Abitibi Subprovince which hosts some of the world’s largest gold deposits including the Timmins camp which has produced over 70 million ounces of gold.88 The Swazye greenstone belt is best known for hosting IamGold’s Côté Lake deposit which contains 10.2 million ounces Measured and Indicated and 3.8 million ounces Inferred,53 and is located southeast of the Dale Property. The Côté Lake project received a Positive Construction Decision in July 202054 and plans to achieve commercial production in 2023.

Exceptional Access to Infrastructure and Labor

In the mining world, ready-to-go infrastructure means faster progress and lower costs. All of Element79 Gold (CSE:ELEM)’s projects offer this advantage.

At Snowbird, historic drill roads make it a cheap place to drill. Whereas industry averages are around CDN$343 per meter drilled in British Columbia105 due to the need for helicopters, Element79 Gold (CSE:ELEM)’s costs are expected to be significantly lower due to its proximity to roads.105 Using existing roads also means less rehabilitation and environmental liability in terms of site disturbance and cleanup.

The story is very much the same in Element79 Gold (CSE:ELEM)’s Nevada properties, which are attractive from an infrastructure perspective, including year-round gravel road access and a long history of pit mining in the surrounding area.98

For Element79 Gold (CSE:ELEM)‘s Dale property, access to all sides is gained by a series of logging roads and year-round by air using a float plane with skis or a combination of trucks, boat, all-terrain vehicle or snow machine.89 As a result, exploration work could be carried out year-round, allowing the company to progress faster than it otherwise might be able to.

Finally, because the properties are in mining-friendly areas, Element79 Gold (CSE:ELEM) has ample access to talent, from ground-level workers to geologists, engineers, and metallurgists.

Exploration, Development, Mergers and Acquisitions

Because the properties are in different stages, Element79 Gold (CSE:ELEM) will be taking a multi-faceted approach to bringing them to fruition.

For the initial Dale Property in Ontario, nearby the famed Timmins Camp, the Element79 Gold (CSE:ELEM) team plans to conduct soil sampling, mapping, prospecting and trenching to follow up historic prospecting by the vendors of the property which has returned up to 3.82 g/t gold, including several highly anomalous samples grading greater than 0.1 g/t gold. These highly anomalous prospecting samples are associated with zones of strong silicification and disseminated pyrite which Element79 Gold believes are prospective for bulk tonnage style gold mineralization.88

With mineral properties at different points in the mining lifecycle, Element79 Gold (CSE:ELEM) is diversified in its timelines as well as its resources.

Major Players Seeking New Acquisitions

Most major mining companies focus on their expertise, acquiring and bringing new mines online. They leave the exploration of high potential properties to the junior mining companies.

That’s why Element79 Gold (CSE:ELEM) ‘s proximity to so many majors is such a unique opportunity.

In fact, Barrick Gold has directly stated this in their 2020 annual report, “The Carlin Trend remains a target rich environment. The 2019 program focused on merging massive datasets in support of geological modeling. Drilling was initiated to test highly ranked target concepts as well as establish a geological framework in priority areas lacking drill information. Looking forward, the Carlin Trend will become the most active exploration area in Barrick’s portfolio.“117

On their own map, you can literally see Barrick and Newmont’s land holdings surrounding Element79 Gold (CSE:ELEM) ‘s Battle Mountain portfolio.

M&A Hungry Neighbors With Deep Pockets

  1. Barrick Gold ($35B market cap) paid over $2.3B to acquire Homestake84 which held mines in Nevada85
  2. Newmont Corporation ($45B market cap) acquired Fronteer Gold for more than $2B86
  3. Nevada Gold Mines is moving quickly to consolidate assets in the area87

With so many majors working alongside you, it’s hard not to be noticed.

Element79 Gold (CSE:ELEM) will undoubtedly be watched closely by all those in the surrounding area and positive drill results could quickly drive Element79 Gold to the top of every major producer’s M&A wish-list.

Because we’re so early to the Element79 Gold (CSE:ELEM) story we are privy to a very rare opportunity—the beginning of a breakout, as the stock has remained relatively under-followed since the company hit the market.

If history is any indication—as our last profile started quietly and soon picked up momentum—Element79 Gold (CSE:ELEM) may quickly become one of the best performing companies on the entire market.

The Top 10 Reasons To Invest

Why Element79 Gold Corp. (CSE:ELEM) Deserves to Be In Your 2022 Portfolio

  1. Billion Dollar Players Already Invested

    Already some of the biggest names in mining—including Newmont Corporation—have exposure to the upside of Element79 Gold’s claims. When successful billion-dollar companies are attracted to properties owned by a new junior mining player like Element79 Gold, it’s best to pay close attention.

  2. Acquisition Track Record

    The very same companies circling Element79 Gold Corp. (CSE:ELEM) have a proven track record in taking over junior mining projects and bringing them into full production, often times acquiring projects and companies for hundreds of millions, and even billions of dollars.

    A growing list of buyouts from nearby majors:

    $10 BILLION Merger (Newmont buys Goldcorp)63
    $7.1 BILLION Buyout (Kinross buys Red Back)60
    $1.07 BILLION Takeover (Pan American Silver acquires Tahoe)61
    $608M Acquisition (Iamgold takes over Trelawney)99
    $526M Buyout (Goldcorp buys Probe Mines)122
    $500M Valuation (Nevada Gold buys 10% of neighbor)62
    $456M All-Cash Transaction (Newmont acquires GT Gold)123
    …is Element79 Gold Corp. (CSE:ELEM) the next major buyout target?

  3. Analysts Predict Gold Buyout Fever

    The need to replace gold reserves means the M&A market will be a seller’s market this year, according to Bank of America’s analysts, and they see junior and intermediate producers as potential acquisition targets for larger producers struggling to make up their reserves.56

  4. Rare Triple-Threat

    Rare triple-threat mineral holdings: Having a mix of locations gives Element79 Gold Corp. (CSE:ELEM) an advantage of being able to smooth out peaks and valleys, when a given jurisdiction heats up or cools down.

  5. Location, Location, Location

    Home to one of the richest goldfields in the world,51 the Abitibi Subprovince is where Element79 Gold Corp. (CSE:ELEM) has acquired the Dale Property and on the other coast, secured the Snowbird High-Grade Gold Project with geology that is analogous to the famed Mother Lode District of California.51 The entire area is surrounded by a wealth of success stories and major mining corporations.

  6. Over 1.7 Million Reasons

    Element79 Gold Corp. (CSE:ELEM) ‘s Maverick Springs Project hosts a historic gold equivalent resource of 1.7 million ounces (indicated) and 1.9 million ounces (inferred) with cutoff grade calculated using circa 2004 values of $327 USD per ounce of gold and $4.77 USD per ounce of silver.98 Element79 Gold is not treating this historic estimate as current mineral resources and a qualified person has not reviewed the work to define the quality of work associated with this historic estimate.

  7. Institutional Investors Providing Massive Financing

    In September, Element79 Gold Corp. (CSE:ELEM) secured a $5,000,000 funding commitment from an international institutional investor. The agreement provides for significant purchases of stock at near market prices, at the option of the company, providing a significant and regularly accessible source of non-debt financing.97

  8. Work Program Underway

    Element79 Gold Corp. (CSE:ELEM) has announced a work program underway88 and has already secured funding necessary to pursue even more aggressive drill program expansion in the future. It only takes one major strike to send shares soaring.

  9. Insiders Holding Shares Tightly

    The number of shares held closely by direct insiders at Element79 Gold Corp. (CSE:ELEM) speaks volumes to the situation here, with millions of shares directly and indirectly held by its board of directors and senior executive team.97 Given the facts laid out above, it’s no surprise why insiders are holding so much stock in Element79 Gold (CSE:ELEM).

  10. Growing Momentum and Extremely Limited Share Supply

    Very tightly held capital structure at only ~44M shares outstanding97 with company insiders holding significant long-term positions alongside a significant escrow,97 there is little left in the public market. This is no doubt contributing to the growing momentum in Element79 Gold Corp. (CSE:ELEM).

Sources:

1 https://ca.rbcwealthmanagement.com/fjwealth/blog/3035167-Money-Never-Sleeps–Can-printing-10-trillion-be-all-pleasure-and-no-pain/

2 https://www.nasdaq.com/articles/money-printing-and-inflation%3A-covid-cryptocurrencies-and-more

3 https://www.investopedia.com/ask/answers/042415/what-impact-does-inflation-have-time-value-money.asp

4 https://markets.businessinsider.com/news/stocks/warren-buffett-elon-musk-michael-burry-jack-dorsey-inflation-warnings-2021-10

5 https://www.cnbc.com/2021/11/30/ray-dalio-says-cash-is-not-a-safe-place-right-now-despite-heightened-market-volatility-.html

6 https://www.nytimes.com/2021/12/14/business/economy/turkey-inflation-economy-lira.html

7 https://twitter.com/leadlagreport/status/1295707920823463938

8 https://www.dailyfx.com/us-dollar-index/what-is-us-dollar-index.html

9 Recent changes by the federal reserve have made “M2” the most reliable measure of money supply.10,11

10 https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200424a.htm

11 https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/

12 https://seekingalpha.com/article/4397470-gold-is-undervalued-look-money-supply-u-s-dollar-and-gold-prices

13 https://stansberryresearch.com/articles/gold-miners-are-primed-for-a-triple-digit-rally

14 https://www.nyse.com/quote/index/GDM

15 https://www.bloomberg.com/quote/XAU:CUR

16 https://www.bloomberg.com/quote/GDX:US

17 https://www.bloomberg.com/quote/GDXJ:US

18 https://www.rgj.com/story/money/business/2019/07/16/nevadas-second-biggest-land-sale-yields-new-fernley-industrial-park/1740852001/

19 https://www.barrick.com/English/news/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx

20 Renaissance Technologies LLC holds an indirect interest of Element79 Gold’s Snowbird Property via their 13F disclosed shareholding of 335,527 shares of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

21 https://www.element79.gold/projects/

22 https://www.marketwatch.com/story/this-investment-has-outperformed-warren-buffet-by-200x-over-the-past-30-years-but-good-luck-grabbing-a-piece-of-it-2019-11-19

23 Paulson & Co. holds an indirect interest of Element79 Gold’s Snowbird Property via their 2.68% shareholding of Seabridge Gold which holds ~7.48% of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

24 https://markets.businessinsider.com/news/stocks/john-paulson-quits-hedge-fund-family-focused-investment-firm-2020-7

25 Newmont Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 28.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

26 Kinross Gold Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 8.0% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

27 Maverix Metals Inc., September 1, 2021, Preliminary Short Form Base Shelf Prospectus https://www.investorx.ca/doc/2109011543295711

28 Gold Fields Limited has indirect upside exposure of Element79 Gold’s Maverick Springs Property via their 4,125,000 warrants held in Maverix Metals which holds a Net Smelter Return Royalty29

29 https://www.scribd.com/document/525577738/Maverix-Metals-SEDI-Summary-Report

30 Pan American Silver Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 17.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

31 Seabridge Gold Inc. holds an indirect interest of Element79 Gold’s Snowbird Property via their ~7.48% shareholding of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

32 https://www.mining.com/featured-article/ranked-worlds-10-biggest-gold-mining-companies/

33 https://finance.yahoo.com/news/element79-gold-completes-acquisition-nevada-003500329.html

34 https://fortune.com/2021/10/26/bitcoin-electricity-consumption-carbon-footprin/

35 https://coinmarketcap.com/currencies/pax-gold/

36 https://web.archive.org/web/20200301010350/http://wjw.wuhan.gov.cn/front/web/showDetail/2020011109036

37 https://www.businessinsider.com/modern-monetary-theory-mmt-explained-aoc-2019-3

38 https://seekingalpha.com/article/4371587-new-bull-market-for-precious-metals

39 https://www.fxstreet.com/news/global-stock-of-negative-yielding-bonds-declines-by-3-trillion-202102190107

40 https://www.businessinsider.com/todays-gold-market-looks-a-lot-like-the-crazy-1970s-2016-7

41 https://www.jmbullion.com/investing-guide/james/silver-demand/

42 https://sydneynewstoday.com/liechtenstein-gold-experts-say-they-will-maintain-value-together/209062/

43 https://sprott.com/insights/sprott-gold-report-one-of-the-greatest-bubbles-in-history/

44 https://www.fxstreet.com/news/gold-price-forecast-xau-usd-to-rebound-sharply-towards-2000-goldman-sachs-202107210411

45 https://capital.com/gold-analysis-will-the-metal-hit-new-price-record

46 https://www.centerragold.com/operations/mount-milligan/history

47 https://www.newgold.com/assets/blackwater/default.aspx

48 https://www.sierracollege.edu/ejournals/jsnhb/v2n1/motherlode.html

49 https://www.mindat.org/loc-73787.html

50 https://finance.yahoo.com/news/element79-gold-signs-letter-intent-110000506.html

51 https://finance.yahoo.com/news/element79-gold-signs-letter-intent-110000506.html

52 https://pubs.geoscienceworld.org/books/book/2183/chapter/121939235/The-Geology-of-the-Mother-Lode-Gold-Belt-Foothills

53 https://s2.q4cdn.com/610165863/files/doc_downloads/2021/02/FINAL-2020-AIF-Feb-17-2021.pdf

54 https://www.iamgold.com/English/investors/news-releases/news-releases-details/2020/IAMGOLD-to-Proceed-with-Construction-of-the-Ct-Gold-Project-in-Ontario-Canada/default.aspx

55 https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020

56 https://investorplace.com/2021/01/analysts-predict-a-wave-of-mergers-and-acquisitions-among-gold-mining-in-2021/

57 Maverix Metals Inc., September 1, 2021, Preliminary Short Form Base Shelf Prospectus https://www.investorx.ca/doc/2109011543295711

58 https://www.scribd.com/document/525577738/Maverix-Metals-SEDI-Summary-Report

59 https://www.mining.com/featured-article/ranked-worlds-10-biggest-gold-mining-companies/

60 https://www.kinross.com/news-and-investors/news-releases/press-release-details/2010/Kinross-and-Red-Back-combination-creates-high-growth-gold-producer-in-US71-billion-friendly-transaction/default.aspx

61 https://www.reuters.com/article/us-tahoe-resources-m-a-pan-amer-silver/pan-american-silver-to-buy-tahoe-resources-for-1-1-billion-idUSKCN1NJ0ZD

62 https://www.barrick.com/English/news/news-details/2021/Nevada-Gold-Mines-to-Consolidate-South-Arturo-Property-in-Exchange-for-Lone-Tree-and-Buffalo-Mountain-Properties/default.aspx

63 https://www.newswire.ca/news-releases/newmont-and-goldcorp-combine-to-create-world-s-leading-gold-company-806405145.html

64 https://www.barrons.com/articles/gold-sustained-rally-goldman-sachs-says-51585086840

65 https://www.kitco.com/news/2021-07-21/Goldman-Sachs-is-looking-for-2K-for-Gold.html

66 Newmont Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 28.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

67 Kinross Gold Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 8.0% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

68 Gold Fields Limited has indirect upside exposure of Element79 Gold’s Maverick Springs Property via their 4,125,000 warrants held in Maverix Metals which holds a Net Smelter Return Royalty,58

69 Pan American Silver Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 17.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

70 Seabridge Gold Inc. holds an indirect interest of Element79 Gold’s Snowbird Property via their ~7.48% shareholding of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

71 Renaissance Technologies LLC holds an indirect interest of Element79 Gold’s Snowbird Property via their 13F disclosed shareholding of 335,527 shares of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

72 Paulson & Co. holds an indirect interest of Element79 Gold’s Snowbird Property via their 2.68% shareholding of Seabridge Gold which holds ~7.48% of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

73 https://www.marketwatch.com/story/this-investment-has-outperformed-warren-buffet-by-200x-over-the-past-30-years-but-good-luck-grabbing-a-piece-of-it-2019-11-19

74 https://markets.businessinsider.com/news/stocks/john-paulson-quits-hedge-fund-family-focused-investment-firm-2020-7

76 Allied Market Research, https://www.alliedmarketresearch.com/electric-vehicles-battery-market

77 https://fpxnickel.com/wp-content/uploads/2020/09/FPX-PEA-Results-Sep-2020.pdf

78 https://minedocs.com/17/FiresideMinerals_AR_2017.pdf

79 https://www.rgj.com/story/money/business/2019/07/16/nevadas-second-biggest-land-sale-yields-new-fernley-industrial-park/1740852001/

80 https://kodiakcoppercorp.com/site/assets/files/5740/2020-09-03_mpd_gate_high_grade_final-1.pdf

81 https://www.usfunds.com/investor-library/frank-talk-a-ceo-blog-by-frank-holmes/how-gold-miners-can-leverage-the-price-of-gold/

82 https://www.newsfilecorp.com/release/38219/Great-Bear-Announces-HighGrade-Discovery-Drills-16.35-m-of-26.91-gt-Gold-and-7.00-m-of-44.47-gt-Gold-in-Two-Holes-at-Hinge-Zone-Dixie-Project-Red-Lake-District

83 https://abcdust.net/the-top-10-biggest-gold-mines-in-the-world/

84 http://edition.cnn.com/2001/BUSINESS/06/25/barrick.homestake/

85 https://www.nrc.gov/docs/ML0124/ML012410007.pdf

86 https://dealbook.nytimes.com/2011/02/03/newmont-mining-strikes-2-billion-gold-deal/

87 https://www.barrick.com/English/news/news-details/2021/Nevada-Gold-Mines-to-Consolidate-South-Arturo-Property-in-Exchange-for-Lone-Tree-and-Buffalo-Mountain-Properties/default.aspx

88 https://finance.yahoo.com/news/element79-gold-announces-dale-property-110000854.html

89 https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00050741&issuerType=03&projectNo=03170809&docId=5005735

90 https://minerals.nv.gov/uploadedFiles/mineralsnvgov/content/Programs/Geo/GeoLinks-MI2017.pdf

91 https://www.kitco.com/news/2021-04-05/Top-10-biggest-gold-mines-in-the-United-States-report.html

92 http://www.ssrmining.com/assets/pdfs/MaverickSprings.pdf

93 https://education.kitco.com/precious-metals/largest-gold-mines-north-america-q1-2020

94 https://s25.q4cdn.com/322814910/files/doc_financial/quarterly_results/2015/q4/Barrick-2015-Q4-Year-End-Report.pdf

95 http://s22.q4cdn.com/546540291/files/doc_news/2018/2018-06-18-Updated-Marigold-Life-of-Mine-Plan-FINAL.PDF

96 https://kinrossworld.kinross.com/en/round-mountain-celebrates-15-million-ounces-poured/

97 https://webfiles.thecse.com/Form_2A_-_Listing_Statement_32.pdf?ciFiLHFe4V.kXEaeBfI40G4Jea3RRH8n=

98 https://www.accesswire.com/666642/Element79-Gold-Announces-Execution-of-Agreements-for-Acquisition-of-Significant-Gold-Portfolio-in-Nevada

99 https://www.theglobeandmail.com/globe-investor/iamgold-acquires-trelawney-mining-in-608-million-deal/article4103976/

100 https://www.element79.gold/projects/

101 TMAS ran from $0.35 August 5, 2020 to $2.27 January 15, 2021, a gain of 548%

102 https://finance.yahoo.com/quote/GBR.V/chart?p=GBR.V

103 https://www.globenewswire.com/en/news-release/2020/01/07/1967150/0/en/FPX-Nickel-Achieves-Recoveries-up-to-99-5-in-Production-of-High-Grade-Nickel-Cobalt-Solution-for-the-Electric-Vehicle-Battery-Market.html

104 https://www.businessinsider.com/tesla-partners-adviser-nickel-mine-elon-musk-biggest-concern-2021-3

105 https://www.pdac.ca/docs/default-source/priorities/securities/levelling-the-playing-field—final.pdf

106 https://www.barrick.com/English/news/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx

107 https://goldprice.org

108 https://www.cnbc.com/2021/08/29/stock-market-futures-open-to-close-news.html

109 https://techstartups.com/2021/05/22/40-us-dollars-existence-printed-last-12-months-america-repeating-mistake-1921-weimar-germany/

110 https://www.ft.com/content/728eab35-4771-4b4f-9597-a25c6c863ef5

111 https://www.spglobal.com/marketintelligence/en/news-insights/blog/a-decade-of-underperformance-for-gold-discoveries

112 https://www.jmbullion.com/investing-guide/james/silver-demand/

113 https://www.nytimes.com/interactive/2021/09/03/climate/bitcoin-carbon-footprint-electricity.html

114 https://www.businessinsider.com/gold-miners-can-leverage-price-of-gold-2012-12

115 https://www.fxstreet.com/news/gold-price-forecast-xau-usd-looks-to-extend-consolidation-near-1-750-202108121837

116 https://www.mckinsey.com/~/media/mckinsey/industries/metals%20and%20mining/our%20insights/can%20the%20gold%20industry%20return%20to%20the%20golden%20age/can-the-gold-industry-return-to-the-golden-age-vf.pdf

117 https://www.annualreports.com/HostedData/AnnualReportArchive/b/TSX_ABX_2019.pdf

118 https://finance.yahoo.com/quote/VERY.V/chart?p=VERY.V

119 https://www.theverge.com/2020/9/22/21451670/tesla-cobalt-free-cathodes-mining-battery-nickel-ev-cost

120 https://gitennes.com/site/assets/files/5678/gitennes-january-presentation-md.pdf

121 https://www.foxbusiness.com/economy/home-prices-hit-new-all-time-highs

122 https://financialpost.com/commodities/mining/goldcorp-inc-to-buy-probe-mines-for-526-million-to-win-control-of-northern-ontarios-borden-gold-project

123 https://www.globenewswire.com/en/news-release/2021/03/10/2190281/0/en/Newmont-to-Acquire-GT-Gold-in-Agreed-All-Cash-Transaction.html

124 https://s24.q4cdn.com/382246808/files/doc_downloads/operations_projects/north_america/documents/Nevada-Gold-Mines-Launched-1-July-2019.pdf

Post Disclosure:

The website is not a broker, dealer, investment or financial advisor and does not purport to be one. All information contained herein is for informational purposes only and should not be construed as an offer to buy or sell any security of any kind. Information is provided on an equal basis to all readers intended for a general audience, with no adjustment bias or personalization to any individuals personal financial situation whatsoever.

Forward Looking Statements
Information provided herein contains forward looking statements. Any statements that express or involve discussions with respect to opinions, predictions, expectations, beliefs, plans, projections, goals, assumptions, future events, future performance, estimations or prophecies are not statements of historical facts and may be forward looking statements, and thus may be unable to be relied upon. The forward looking statements contained herein are based on personal opinion of estimates and projections resulting in personal expectations at the time the statements are made that may involve a number of risks and uncertainties which could cause actual results or events to materially differ from those presently anticipated or opined herein. Forward looking statements may be identified through the use of words such as, but not exclusively, “expects”, “will”, “anticipates”, “estimates”, “believes”, or statements indicating, but not limited to, certain actions such that “may”, “could”, “should”, or “might” occur.

Public Awareness Campaign
This website is owned by CorpComm Services Limited (“CorpComm IR”), an investor relations firm. CorpComm IR has been assigned a contract by its parent company, CorpComm Limited (“CorpComm”), which was hired by Element79 Gold Corp. (the “Company”) on April 15, 2021 in an agreement to provide investor relations services to the Company for a period of 12 months commencing May 1, 2021. Compensation for the agreement consists of a $30,000 initial cash payment, and $10,000 payments per month plus the Company issuing an option to acquire 600,000 shares of the Company at a price of $0.10 per share vesting evenly over 12 months with expiration date on April 15, 2026. CorpComm also beneficially owns 3,000,000 shares of the Company and 1,500,000 warrants which, upon exercise, each entitle CorpComm to acquire one common share of the Company at a price of $0.10 per share for a period of three years from July 14, 2020. CorpComm undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the Company. CorpComm IR is beneficially owned by CorpComm but is operated by an independent board from CorpComm. CorpComm IR does not maintain a trading account and relies on CorpComm to conduct any and all investment decisions regarding disposition and voting control of any options or holdings of the Company. CorpComm IR maintains its board independence from CorpComm to segment and isolate any potential non-public information provided to it from the Company from any trading activities conducted by its parent, CorpComm. CorpComm has recused itself of any insider information of the Company. CorpComm IR has recused itself of any investment authority (dispositive, voting or otherwise) of the Company. CorpComm IR expects to receive regular payments from its parent CorpComm to fund its continued public awareness marketing efforts above and beyond its budget received from the Company. CorpComm IR intends to spend the majority of funds received from its parent CorpComm on increasing the month over month public awareness campaign budget until May 2022. Factors that are likely to affect the month over month campaign budget increase include but are not limited to, the expected performance increases of A/B content testing for effectiveness of public perception and name recognition of the Company as judged through a variety of metrics, the anticipated increases in conversion numbers and ratios of ad spend and awareness budgets across all third-party hired companies and advertising outlets intended to include, but not limited to, awareness placements in Google, Facebook, Yahoo Finance, BNN, Fox Business, CNBC, CNN, CBC, MarketWatch, WSJ, among others. The placement of awareness campaign material is intended to raise the public profile of Element79 Gold Corp. as a company in compliance with all applicable law.

Limitation of Information
The information we provide represents only a small amount of information regarding the company and is not sufficient to formulate an investment decision and as such, that information should only be a starting point from which you conduct an in-depth investigation of the company from available public sources, such as sedar.com, otcmarkets.com, sec.gov, google.com and other available public sources as well as consulting with your financial professional, investment adviser, and/or registered representative with a registered securities broker-dealer. As of the date of publication of all materials, including this page, CorpComm IR is not aware of any intention by the company (and based on its currently disclosed public filings and access to capital, does not anticipate the company) to conduct any fundraising activities that may preclude the legal distribution of awareness materials. The website is not liable for any investment decisions by its visitors, readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment and should independently conduct their own research and arrive at their own decisions or consult with a qualified and registered broker, investment adviser or financial adviser.

Forward Looking Statements
Some of the information contained herein may be based on press releases or other information from Element79, which is subject to and should be considered in connection with the following forward looking information statement that is included in their press releases: “This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: closing of the Transaction, the Company’s plan to build an advanced base and special metals portfolio, the development of the Property, including drilling activities; and future mineral exploration, development and production. Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Element79, future growth potential for Element79 and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Element79’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Element79’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Element79 has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company’s dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company’s mining activities in Quebec; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the 6 failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Element79’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Element79 has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Element79 does not intend, and does not assume any obligation, to update these forward‐ looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

DISCLAIMERS APPLICABLE TO ELEMENT79 GOLD PROPERTIES

Written Disclosure to Include Name of Qualified Person
The technical information in this content has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a "qualified person" as defined by National Instrument 43-101.

Written Disclosure to Include Data Verification
Readers are also cautioned that this content contains historical technical information which is based on prior data prepared by previous property owners. A qualified person has not done sufficient work to confirm such information; significant data compilation, re-drilling, re-sampling and data verification may be required to do so.

Requirements Applicable to Written Disclosure of Mineral Resources and Mineral Reserves

Table 1. 2022 Pit-Constrained Mineral Resource Estimate for Maverick Springs

Class Tonnes Ag (g/t) Au (g/t) Ag (Moz) Au (Moz) Ag EQ (g/t) Ag EQ (Moz) Au EQ (g/t) Au EQ (Moz)
Inferred 125,421,000 43.5 0.34 175.7 1.37 68.9 278.0 0.92 3.71
  1. The classification of the current Mineral Resource Estimate into Inferred is consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves and 2019 CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines.
  2. Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
  3. All figures are rounded to reflect the relative accuracy of the estimate. Composites have been capped where appropriate.
  4. Resources are presented undiluted and in situ and are considered to have reasonable prospects for economic extraction.
  5. Open pit mineral resources are reported at a cut-off grade of 22.5 g/tonne Ag EQ. Cut-off grade is based on a gold price of US$1,650 per ounce and a silver price of US$22 per ounce, a gold recovery of 75%, a silver recovery of 85% and reasonable mining, processing and transportation costs.
  6. High grade capping was done on silver grades in the composite data. A capping value of 25 oz/ton Ag was applied to the silver grades.
  7. A fixed specific gravity value of 13.6 ft3/ton (2.35 g/cm3) was used to estimate the tonnage from block model volumes.
  8. The Authors are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues, or any other relevant issue not reported in the technical report, that could materially affect the mineral resource estimate.

Table . 2022 Maverick Springs Open-Pit Optimization Parameters

Parameter Unit In-Pit Maverick Springs
Gold Price $US per ounce $1,650
Silver Price $US per ounce $22
Gold Recovery Percent (%) 75
Silver Recovery Percent (%) 85
Pit Slope Degrees 45
Strip Ratio Waste:Mineralisation 5.8:1
Mining Cost $US per tonne mined $1.90
Processing Cost and G&A $US per tonne milled $12.50
Mining Dilution Percent (%) 5%
Mining Recovery Percent (%) 95%
Cut-Off Grade g/t Au EQ 0.3
Cut-Off Grade g/t Ag EQ 22.5

The Technical Report, filed on SEDAR on February 4, 2022, was completed by Allan Armitage, PhD., P. Geo., and Rohan Millar, B.Sc., P. Geo. of SGS Canada Inc. with an effective date of October 7, 2021. The Technical Report includes an updated Mineral Resource Estimate which incorporates an additional 52 drill holes drilled since the historical 2004 Mineral Resource Estimate by Snowden Mining Industry Consultants Inc. and is constrained by a conceptual Whittle Pit.

DISCLAIMERS APPLICABLE TO THIRD PARTY PROPERTIES

Third Party Properties Technical Disclaimer
This content and related maps contain information about adjacent properties and properties with similar characteristics on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties or properties that share similar characteristics are not indicative of mineral deposits on the Company's properties.