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Today I Learned (TIL)
2008.12.28 07:46 Today I Learned (TIL)
You learn something new every day; what did you learn today? Submit interesting and specific facts about something that you just found out here.
2023.06.02 19:58 Annual-One-994 [Update] Exciting Developments at South Salinas Project - Trio Petroleum Corp. (NYSE: TPET)
Trio Petroleum Corp. (NYSE:
TPET) has provided several updates on its main flagship project, South Salinas Project (85.75% working interest), which is a significant oil and gas resource in Monterey County, California . This project is surrounded by California’s prolific world-class oil-producing basins and fields, indicating the significant potential of the project.
On
April 19, 2023, Trio signed a drilling rig contract with Ensign Drilling for the ADR 350 rig (#540), capable of drilling to a depth of 10,000 feet. Drilling operations are scheduled to begin in approximately two weeks at the HV-1 well, which is a confirmation/development well located two miles away from the HV-3A discovery well.
In the following weeks, Trio expanded its leasehold by an additional 667 mineral acres, increasing its core acreage position at the South Salinas Project to 9,267 acres, an 8% increase. This expansion is seen as advantageous for Trio's aggressive development plans, allowing the acquisition of more reserves and enhancing the net present value of the project.
On May 3, 2023, Ensign Drilling Rig arrived at the South Salinas Project and commenced drilling operations within 24 hours. The HV-1 well is expected to reach a total depth of 6,500 feet, with an estimated drilling duration of 20 days. The purpose of HV-1 is to define the size and potential of the newly discovered oil and gas field.
A significant update came on
May 16, 2023, when Trio announced that the HV-1 well confirmed a major accumulation of oil and gas in the Presidents Field of the South Salinas Project. The well encountered strong indications of oil and gas within the Monterey Formation and reached a total depth of 6,631 feet. Trio is currently running well casing and evaluating the collected data to complete the well. With this positive development, Trio aims to put the HV-1 well into production once the evaluation is finalized, and production rates will be disclosed when available.
Trio's CEO, Mr. Frank Ingriselli, expressed satisfaction with the progress made so far, noting the expedited timeline from signing the drilling rig contract to the discovery at HV-1. He emphasized the company's commitment to growing shareholder value and its optimistic outlook for the project's future.
Overall, the recent updates provided by the company indicate positive developments and progress towards the project's advancement. Trio appears to be strongly poised for success in the coming stages of the project, and I am excited to follow along with their journey.
Note: this is not financial advice please do your own research before investing
submitted by
Annual-One-994 to
CanadaStocks [link] [comments]
2023.06.02 19:42 Annual-One-994 [Update] Exciting Developments at South Salinas Project - Trio Petroleum Corp. (NYSE: TPET)
Trio Petroleum Corp. (NYSE:
TPET) has provided several updates on its main flagship project, South Salinas Project (85.75% working interest), which is a significant oil and gas resource in Monterey County, California . This project is surrounded by California’s prolific world-class oil-producing basins and fields, indicating the significant potential of the project.
On
April 19, 2023, Trio signed a drilling rig contract with Ensign Drilling for the ADR 350 rig (#540), capable of drilling to a depth of 10,000 feet. Drilling operations are scheduled to begin in approximately two weeks at the HV-1 well, which is a confirmation/development well located two miles away from the HV-3A discovery well.
In the following weeks, Trio expanded its leasehold by an additional 667 mineral acres, increasing its core acreage position at the South Salinas Project to 9,267 acres, an 8% increase. This expansion is seen as advantageous for Trio's aggressive development plans, allowing the acquisition of more reserves and enhancing the net present value of the project.
On May 3, 2023, Ensign Drilling Rig arrived at the South Salinas Project and commenced drilling operations within 24 hours. The HV-1 well is expected to reach a total depth of 6,500 feet, with an estimated drilling duration of 20 days. The purpose of HV-1 is to define the size and potential of the newly discovered oil and gas field.
A significant update came on
May 16, 2023, when Trio announced that the HV-1 well confirmed a major accumulation of oil and gas in the Presidents Field of the South Salinas Project. The well encountered strong indications of oil and gas within the Monterey Formation and reached a total depth of 6,631 feet. Trio is currently running well casing and evaluating the collected data to complete the well. With this positive development, Trio aims to put the HV-1 well into production once the evaluation is finalized, and production rates will be disclosed when available.
Trio's CEO, Mr. Frank Ingriselli, expressed satisfaction with the progress made so far, noting the expedited timeline from signing the drilling rig contract to the discovery at HV-1. He emphasized the company's commitment to growing shareholder value and its optimistic outlook for the project's future.
Overall, the recent updates provided by the company indicate positive developments and progress towards the project's advancement. Trio appears to be strongly poised for success in the coming stages of the project, and I am excited to follow along with their journey.
Note: this is not financial advice please do your own research before investing
submitted by
Annual-One-994 to
10xPennyStocks [link] [comments]
2023.06.02 19:42 Annual-One-994 [Update] Exciting Developments at South Salinas Project - Trio Petroleum Corp. (NYSE: TPET)
Trio Petroleum Corp. (NYSE:
TPET) has provided several updates on its main flagship project, South Salinas Project (85.75% working interest), which is a significant oil and gas resource in Monterey County, California . This project is surrounded by California’s prolific world-class oil-producing basins and fields, indicating the significant potential of the project.
On
April 19, 2023, Trio signed a drilling rig contract with Ensign Drilling for the ADR 350 rig (#540), capable of drilling to a depth of 10,000 feet. Drilling operations are scheduled to begin in approximately two weeks at the HV-1 well, which is a confirmation/development well located two miles away from the HV-3A discovery well.
In the following weeks, Trio expanded its leasehold by an additional 667 mineral acres, increasing its core acreage position at the South Salinas Project to 9,267 acres, an 8% increase. This expansion is seen as advantageous for Trio's aggressive development plans, allowing the acquisition of more reserves and enhancing the net present value of the project.
On May 3, 2023, Ensign Drilling Rig arrived at the South Salinas Project and commenced drilling operations within 24 hours. The HV-1 well is expected to reach a total depth of 6,500 feet, with an estimated drilling duration of 20 days. The purpose of HV-1 is to define the size and potential of the newly discovered oil and gas field.
A significant update came on
May 16, 2023, when Trio announced that the HV-1 well confirmed a major accumulation of oil and gas in the Presidents Field of the South Salinas Project. The well encountered strong indications of oil and gas within the Monterey Formation and reached a total depth of 6,631 feet. Trio is currently running well casing and evaluating the collected data to complete the well. With this positive development, Trio aims to put the HV-1 well into production once the evaluation is finalized, and production rates will be disclosed when available.
Trio's CEO, Mr. Frank Ingriselli, expressed satisfaction with the progress made so far, noting the expedited timeline from signing the drilling rig contract to the discovery at HV-1. He emphasized the company's commitment to growing shareholder value and its optimistic outlook for the project's future.
Overall, the recent updates provided by the company indicate positive developments and progress towards the project's advancement. Trio appears to be strongly poised for success in the coming stages of the project, and I am excited to follow along with their journey.
Note: this is not financial advice please do your own research before investing
submitted by
Annual-One-994 to
PennyHaven [link] [comments]
2023.06.02 19:28 Jaerin General consensus on the LM2150 vs LM2160 self propel
I've seen a number of posts complaining about the new SpeedIQ and I'm just curious what people think about the new vs the old self propelled mowers?
I'm looking to upgrade from a Gen1 20" non-propelled so they likely will all be upgrades to me. I like the display of the 2160 in theory, not sure if people can speak to in practice. But is it worth it if the SpeedIQ is flaky.
My yard is about a half acre flat in the front with a decent hill going down a story into the back and then a somewhat sloped backyard. I mostly mow straight up and down the big hills as they are too narrow to do any other way. Full honesty here I'm a hefty guy so I'm probably slowing down quite a bit by the end of the mow so variable speed likely matters.
I have both 1-stage/2-stage snowblower so the 12AH package has some value to me.
What are your thoughts on it?
submitted by
Jaerin to
egopowerplus [link] [comments]
2023.06.02 19:10 Professional_Disk131 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
https://preview.redd.it/pca21yu80n3b1.png?width=461&format=png&auto=webp&s=e933feb32db49eefb2223371f881d2fdb81fdd03 Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its
November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra").
Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval.
"The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra."
Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.”
Element79 Gold’s Battle Mountain Portfolio
The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine.
The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine.
https://preview.redd.it/16hl3jca0n3b1.png?width=392&format=png&auto=webp&s=f2e99b8500d5f1eec03049c74edd8255912d3805 The Long Peak Project
Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak.
The Stargo Project
Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development.
About Element79 Gold
Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out.
For more information about the Company, please visit
www.element79.gold Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer E-mail: [
[email protected]](mailto:
[email protected])
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (613) 879-9387
E-mail: [
[email protected]](mailto:
[email protected])
submitted by
Professional_Disk131 to
PennyStocksWatch [link] [comments]
2023.06.02 19:09 Professional_Disk131 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
| https://preview.redd.it/cnx1l5320n3b1.png?width=461&format=png&auto=webp&s=a59646248b7ed4b4f1051db6e2cb1ea749d4b800 Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra"). Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval. "The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra." Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. https://preview.redd.it/wdkgfju30n3b1.png?width=392&format=png&auto=webp&s=a4b0ebb8a43b1f207d29536636ccc970660f1e26 The Long Peak Project Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak. The Stargo Project Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by Professional_Disk131 to PennyQueen [link] [comments] |
2023.06.02 19:08 Professional_Disk131 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra"). Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval. "The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra." Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine.
PennyCatalysts - Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF) The Long Peak Project Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak. The Stargo Project Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit
www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail:
[email protected] For investor relations inquiries, please contact: Investor Relations Department Phone: +1 (613) 879-9387 E-mail:
[email protected] submitted by
Professional_Disk131 to
Pennystock [link] [comments]
2023.06.02 19:08 Professional_Disk131 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
| https://preview.redd.it/g0jdqcjuzm3b1.png?width=461&format=png&auto=webp&s=f351a82300ecd1460e935aa87d84ebbfae1e99c5 Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra"). Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval. "The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra." Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. https://preview.redd.it/dbjzneawzm3b1.png?width=392&format=png&auto=webp&s=32abcbc403df67969744086692f5d1fbdd08b2e4 The Long Peak Project Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak. The Stargo Project Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by Professional_Disk131 to PennyStocksCanada [link] [comments] |
2023.06.02 17:02 UnDead_Ted Streams in the Desert Friday, June 2nd 2023
| 06/02/2023 Abraham in hope believed. Without weakening in his faith. — Rom 4:18-19 We shall never forget a remark that George Mueller once made to a gentleman who had asked him the best way to have strong faith. “The only way,” replied the patriarch of faith, “to learn strong faith is to endure great trials. I have learned my faith by standing firm amid severe testings.” This is very true. The time to trust is when all else fails. Dear one, you scarcely realize the value of your present opportunity; if you are passing through great afflictions you are in the very soul of the strongest faith, and if you will only let go, He will teach you in these hours the mightiest hold upon His throne which you can ever know. “Be not afraid, only believe.” And if you are afraid, just look up and say, “What time I am afraid I will trust in thee,” and you will yet thank God for the school of sorrow which was to you the school of faith. — A. B. Simpson “Great faith must have great trials.” “God’s greatest gifts come through travail. Whether we look into the spiritual or temporal sphere, can we discover anything, any great reform, any beneficent discovery, any soul-awakening revival, which did not come through the toils and tears, the vigils and blood-shedding of men and women whose sufferings were the pangs of its birth? If the temple of God is raised, David must bear sore afflictions; if the Gospel of the grace of God is to be disentangled from Jewish tradition, Paul’s life must be one long agony.” “Take heart, O weary, burdened one, bowed down Beneath thy cross; Remember that thy greatest gain may come Through greatest loss. Thy life is nobler for a sacrifice, And more divine. Acres of bloom are crushed to make a drop Of perfume fine. “Because of storms that lash the ocean waves, The waters there Keep purer than if the heavens o’erhead Were always fair. The brightest banner of the skies floats not At noonday warm; The rainbow traileth after thunder-clouds, And after storm.” submitted by UnDead_Ted to TheDailyDose [link] [comments] |
2023.06.02 15:09 MightBeneficial3302 Element 79 Gold Announces 60-Day Extension to Valdo LOI (CSE:ELEM, OTC:ELMGF, FSE: 7YS)
| https://preview.redd.it/2jo7iof2tl3b1.png?width=972&format=png&auto=webp&s=38b8736e86c5a74698a29c4b31722b9bca4947a5 VANCOUVER, BC / THENEWSWIRE / May 30, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) (" Element 79 Gold", the " Company") announces that, further to its November 17, 2022 release announcing that the Company had entered into a non-binding letter of intent (the “Valdo LOI”) with Valdo Minerals Ltd. (“Valdo”), the parties have mutually agreed to a 60-day extension to the exclusivity period to enter into a definitive agreement for the sale of three properties from its Battle Mountain Portfolio located in the northeastern Nevada, US. The other terms of the LOI, as announced by the Company on November 17, 2022, remain unchanged. Proposed Transaction Highlights - Valdo to acquire 100% interests and obligation in:
- The North Mill Creek Project - comprised of 6 unpatented claims located at the margins of the Goat Window in Lander County, Nevada, an exposure of lower plate rocks beneath the Roberts Mountains Thrust, the preferred carbonate host of Carlin-type gold deposits.
- The Elder Creek Project - comprised of 23 unpatented claims, which cover the historic Elder Creek open-pit mine in Lander County, Nevada, hosted in upper plate rocks where the mine area is believed to represent leakage from the deeper lower plate of the Roberts Mountains Thrust.
- The Elephant Project - comprised of 197 claims located at the foot of the mine dumps at Nevada Gold Mines' Phoenix operation hosting a covered pediment target with various depths of cover based on the displacement of fault blocks.
- Valdo to issue 3,750,000 common shares at a deemed price of $0.30 CAD per share representing an aggregate value of CAD 1,125,000.
- According to the revised exclusivity period, the transaction is expected to close by July 15, 2023.
“As we progressed toward the initial term of the LOI, Valdo expressed a desire for an extension as they finalize their project structuring and capitalization plans,” said James Tworek, Element79 Gold Corp CEO. “Our collaboration with Valdo holds great promise, spurred by their continued interest in how the optioned portfolio synergizes with their other regionally adjacent projects, we are confident that this extension will pave the way for a successful closing and strong Valdo story in the future.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. Qualified Person The technical information in this release 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. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department – Dylan Anderson Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by MightBeneficial3302 to CanadianStocks [link] [comments] |
2023.06.02 15:09 MightBeneficial3302 Element 79 Gold Announces 60-Day Extension to Valdo LOI (CSE:ELEM, OTC:ELMGF, FSE: 7YS)
| https://preview.redd.it/ia2neqz3tl3b1.png?width=972&format=png&auto=webp&s=8b52efbfb7066be483ca24fb19b98b69f9eed644 VANCOUVER, BC / THENEWSWIRE / May 30, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) (" Element 79 Gold", the " Company") announces that, further to its November 17, 2022 release announcing that the Company had entered into a non-binding letter of intent (the “Valdo LOI”) with Valdo Minerals Ltd. (“Valdo”), the parties have mutually agreed to a 60-day extension to the exclusivity period to enter into a definitive agreement for the sale of three properties from its Battle Mountain Portfolio located in the northeastern Nevada, US. The other terms of the LOI, as announced by the Company on November 17, 2022, remain unchanged. Proposed Transaction Highlights - Valdo to acquire 100% interests and obligation in:
- The North Mill Creek Project - comprised of 6 unpatented claims located at the margins of the Goat Window in Lander County, Nevada, an exposure of lower plate rocks beneath the Roberts Mountains Thrust, the preferred carbonate host of Carlin-type gold deposits.
- The Elder Creek Project - comprised of 23 unpatented claims, which cover the historic Elder Creek open-pit mine in Lander County, Nevada, hosted in upper plate rocks where the mine area is believed to represent leakage from the deeper lower plate of the Roberts Mountains Thrust.
- The Elephant Project - comprised of 197 claims located at the foot of the mine dumps at Nevada Gold Mines' Phoenix operation hosting a covered pediment target with various depths of cover based on the displacement of fault blocks.
- Valdo to issue 3,750,000 common shares at a deemed price of $0.30 CAD per share representing an aggregate value of CAD 1,125,000.
- According to the revised exclusivity period, the transaction is expected to close by July 15, 2023.
“As we progressed toward the initial term of the LOI, Valdo expressed a desire for an extension as they finalize their project structuring and capitalization plans,” said James Tworek, Element79 Gold Corp CEO. “Our collaboration with Valdo holds great promise, spurred by their continued interest in how the optioned portfolio synergizes with their other regionally adjacent projects, we are confident that this extension will pave the way for a successful closing and strong Valdo story in the future.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. Qualified Person The technical information in this release 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. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department – Dylan Anderson Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by MightBeneficial3302 to PennyCatalysts [link] [comments] |
2023.06.02 10:10 Relative-Delivery531 ACR value
Microalbumin 6.06 mg/l Creatinine 290 mg/dl Microalbumin creatinine ratio 2.48 mg/g
It is ok?
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Relative-Delivery531 to
trt [link] [comments]
2023.06.02 06:18 sportypokemon Selling Advice on half acre lot
TLDR; bought half acre house at peak price, land in front and behind being industrially developed and not sure to sell or buy
Hi there, thanks for taking the time to read this. I bought a old renovated house on half an acre on the border of Brampton/Mississauga/Georgetown (by the 401) which I am entirely happy with but there is industrial development taking place behind and in front of the house. The city plans to leave these houses as is and potentially allow small retail/commercial development in the future. I was wondering if anyone had been in a similar situation in the past and what the outcome was.
I believe the house value will be impacted significantly but unsure if the risk of commercial development is worth it.
Thanks
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2023.06.02 04:04 TXRichardCranium Anyone experienced with new construction?
All the homes on my street except for one are newer homes in the $400,000-$550,000 price range. The one that isn’t is right next door to me and is an older home on .8 acres worth about $150,000. The owner is using the home as a rental property and is doing a poor job of screening for quality tenants. I’m currently in talks with the owner about buying his property. I told him I have zero interest in the house and only the land. The home is on a cinder block foundation and I told him the home was all his and he could just move the home to another lot he owns and continue using it as a rental. I’m offering him $80,000 which is about $10,000 over similar lots in the area. I’m offering slightly above because the property does have utilities to it. The deal isn’t done but he’s seriously considering it. My plan for the property if the deal goes through is to have a new home built on the lot that is equivalent to or slightly better than the rest of the homes on the street. As soon as the home is completed I plan on selling it. I’m wondering if there is a decent return on investment on this sort of plan. I’m sure it would increase the value of my current home to a certain degree as well. Any feedback or tips would be appreciated. My current real estate experience is in single family home and commercial rentals.
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2023.06.02 03:20 Jlew14355 Don’t know if I’m just being dumb but why is it telling nutrients for 100g when it’s 90g
Is it just because it’s easier and the difference is insignificant?
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Jlew14355 to
caloriecount [link] [comments]
2023.06.02 02:36 adoptedschitt Avila Energy: A special situation with a large potential return
Avila Energy (CA: VIK, OTC: PTRVF), an established Canadian oil and gas producer, is on the verge of a potentially transformative merger that could bring immense rewards for its shareholders. The company has agreed to combine with Special Purpose Acquisition Company (SPAC) Insight Acquisition (NYSE: INAQ).
The proposed transaction, as detailed at the link below, will allow for Avila to up-list onto the Nasdaq, enhance its ongoing carbon-neutral business strategy, and further strengthen the capitalization of the company with an expected combined entity market cap of over $190 Million.
https://www.globenewswire.com/news-release/2023/04/03/2640013/0/en/Avila-Energy-Corporation-Expects-to-List-on-Nasdaq-Through-Business-Combination-with-Insight-Acquisition-Corp.html This article will discuss the specifics of the deal, Avila's potential to diversify its revenue stream, and how it presents a rare special situation investment opportunity that could potentially lead to a total return of 1450%.
A Breakdown of the Deal The Avila and Insight Acquisition merger is a complex one, but is potentially extremely lucrative for existing Avila shareholders. Under the agreement, Insight will continue from the State of Delaware to the Province of Alberta and acquire Avila in an amalgamation pursuant to a court-approved plan of arrangement under Alberta law.
According to the agreement, the fully diluted common shares of Avila, currently numbering 150,540,414, will be exchanged for 12,580,000 common shares of Insight Acquisition. This exchange ratio translates to about 11.97 shares of Avila for each share of Insight Acquisition.
Avila shareholders will own the following interest in the post-closing combined company:
100% Redemption (Proceeds retained from trust of US$ 1,250,000) 67.2% by Avila's shareholders;
50% Redemption (Proceeds retained from trust of US$15,781,215) 62.4% by Avila's shareholders;
0% Redemption (Proceeds retained from trust of US$29,062,430) 57.9% by Avila's shareholders.
At present, Avila shares trade at USD $0.0588 (5.88 cents), while Insight Acquisition shares trade at USD $10.23. However, given the merger and based on the exchange ratio, the post-merger price for each Avila share is projected to rise to around $0.855. This implies a staggering potential increase of up to 1450% for Avila shareholders, and forms the basis of the arbitrage opportunity that Avila presents as a special situation investment.
Avila Energy and Its Future Looking beyond the merger, Avila Energy presents an interesting opportunity as a stand-alone company
Avila's strategic growth plan is divided into three phases:
- Upstream, where it plans to invest towards becoming a low-cost, carbon-neutral energy producer.
- Downstream, diversifying its revenue stream through the development of direct-to-consumer sales, aiming to boost demand, margins, and profitability.
- Providing customers with the option to convert to Avila’s developing hydrogen-fueled solutions, expected to be commercially available in 2027, as part of its Corporate Vision.
The company has a diversified and growing portfolio of 100%-owned and operated wells, three oil and natural gas processing facilities, 150,000 acres of leased exploration rights, and over 300 kms of gathering and sales pipelines.
The P&L displays robust numbers with $3.08 M in net revenue, more than 50% margins, with the majority of the revenue attributable to clean burning natural gas.
Avila currently has a 2P valuation of CAD $30.7 Million and a 1P valuation of CAD $7.8 Million with a current market cap of CAD $8.9 Million. As of year-end 2022, the company also had CAD $6.5 Million of cash, CAD $2.067 Million of Debt, and a positive shareholder equity of CAD $53.17 Million. These third-party audited reserves, as presented below from Deloitte, are a vast value relative to the company’s current market cap.
Reserves Highlights Avila Energy’s reserves on a Proven + Probable basis (2P) for the Company is 5,256,100 BOE valued at CAD$30.734 million based on a net present value discounted 10% before income taxes (NPV10% BT).
The CAD $30.734 million is an estimate of future cash flows and do not necessarily represent fair market value and is supported by a sustainable capital program of CAD $10.432 million for proved reserves and CAD $17.517 million for proved plus probable reserves.
Clean Energy Future Moreover, beyond being a traditional oil company, Avila is set to launch its “Vertically Integrated Energy Business, through its partnership with MTT. Supported by over a decade of R&D, including Avila's equity investment in Micro Turbine Technology (MTT), this venture promises to leverage innovative cleantech. Avila is aiming to deliver its first direct-to-consumer energy sales in North America in 2023. It also is targeting net-zero tier 3 (scope 3) CO2 emission energy for consumers by 2027.
The EnerTwin is a small, environmentally friendly power plant that simultaneously produces heat and electricity using the smallest gas turbine in the world. It runs on natural gas, LPG, biomethane, and hydrogen mixes, and thereby facilitates the energy transition to a low-carbon future in buildings.
Avila Energy says it has purchased a license for the manufacturing and marketing of the EnerTwin in the North American market. Beginning in 2026, Avila plans to sell 50,000 EnerTwin systems in North America as part of an integrated offering that also includes the provision of energy to their end customers.
To achieve this goal, the company has laid out the following timeline:
- 2nd quarter of 2023 the preparation and filing of the application for the Canadian Standards Association (“CSA”) and Underwriter Laboratories (“UL”) Certifications for the EnerTwin in North America, based on past applications for CSA approval of KIWA certified equipment. The Company has estimated that this process is anticipated to 10-12 months in duration. 1st half of 2023 the commencement of pre-sales and servicing of the EnerTwin that are conditional on the Company attaining CSA and UL approval. In the event that the CSA and UL approval is not attained, the sales would be refunded to customers.
- The development of the Company’s manufacturing of the EnerTwin, including the assembly or 3rd part manufactured subassemblies and the final testing prior to shipping to the customer. The ramp up of this manufacturing facility is to be completed in parallel to the CSA approval, with the first 100 installations being demonstration installations to be replace by CSA approved equipment within targeted markets in North America utilizing the EnerTwin as KIWA Certified equipment.
- Initial contracts are anticipated to be executed 3 months after receiving CSA Certification.
The Company’s Vertically Integrated Energy Business is based on the following assumptions:
a) Power, Heat, Cooling and Daily Transportation in one invoice;
b) Reduce Consumers Carbon footprint by 40% and save the consumer money;
c) Mitigates concern for brownouts and protection from increasing transmission fees;
d) Fixed Contract plus only an annual inflation adjustment; and
e) Capacity to transition to Hydrogen in the future.
The Company’s long-term goal is to allocate a portion of its natural gas production to its newly acquired customers as a source of fuel with the cost of energy being billed to the customer at a fixed price plus an annual inflation rate adjustment. The Company’s strategy is to include the delivery of fuel and the maintenance, under long-term contracts that offers price stability. The Company plans to continue to still sell their current suite of customers in addition to the newly acquired customers from the Vertically Integrated Business.
The Company assumes early market development will qualify for government subsidies both in Canada and the United States as an efficient upgrade and or substitute for current heating and cooling. For example, the Company anticipates that the EnerTwin will qualify under the existing Canadian Greener Homes Program which will offer rebates on eligible home retrofits.
Conclusion: A Rare Opportunity Special situation investments like Avila's proposed SPAC up listing do not come often. They offer a chance for significant potential returns but are also complex and require a deep understanding of the specifics of the deal. For Avila shareholders, the potential upside of 1450% presents a remarkable opportunity. However, potential investors should conduct their own research and due diligence or consult with a financial advisor before making any decisions. With Avila's strong business foundation, ambitious future plans, and the exciting prospect of its up listing through the merger with Insight Acquisition, the future indeed looks bright.
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2023.06.01 19:18 Wereugo I own 16.66% of a family property and need help on what to do with it
Title. TLDR at the bottom if you don't want any backstory
.
A bit about me:
- 25 years old with some saving and some debt, probably net worth of $0 mainly due to $30k in student debt (excluding the value of the subject property)
- I live with my mom while I save money and hopefully buy a house next year depending on market conditions.
- Planning to get engaged in the next 1.5 years and married in the next 3 years with kids in the next 5 years.
- Decent paying job with good career trajectory.
.
Recently I have been very financially focused and want to channel my energy into saving, investing, and growing my wealth/net worth. I've found myself asking why do I own this property? What is the point for me to own this other than just having a slice of the pie to say that I own it? I would still be able to stay there and visit the property without owning part of it. So what's the point?
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I bought my share of the property about a year or so ago for $5,000 from a financially distressed relative. He came to me with this offer. The actual value today is somewhere between $30-40k. The entire property being worth in the ballpark of $200-250k. It is about 5 acres in a semi isolated area in Maine and has been in the family for decades/generations. It is primarily owned by my father, and I have been told I will inherit his ~42% no matter what. The rest is owned in ~10.5% increments by my cousins. Every cost you can think of is split evenly by ownership percentage, which is about $600 for myself every year. Edit: The property 5 acres with a small cabin and some utility sheds on it. It is historically used as a summevacation home for family. Valuation is a range based on online sources. Last appraisal was 5 years ago at about 150k
.
A month ago I asked my dad if he would buy it off me for $5,000 because I will just get it back in 15–20 years when I inherit after he passes, and I would be at a point in my life where it might be more appropriate to own something like this. He turned me down and said he would want to give other family members the opportunity to buy it. I told him I would want more money if I am not selling it to him, and he got upset at the idea of me making money off of family members, so I have just said that I am going to keep it for now. He brought it up again, so I have done some research and am now more interested in selling it to a family member for much higher and dealing with the family drama anyway.
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TLDR: I own part of a family property and don't see the point in owning it at this point in my life.
My questions: What would you do in my situation? Is there a point in owning this? Are there any benefits to keeping my ownership? Are there any benefits to selling? Does the fact I will be purchasing a home next year provide any way to benefit a sale of this ownership? Any advice surrounding jointly owned family property is also appreciated!
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Wereugo to
personalfinance [link] [comments]
2023.06.01 18:54 FirstContribution236 Real Estate agents consistently (and intentionally) failing to disclose HUGE deed restrictions - Seller or Agent Liable?
Background:
The county I live in (Midwest) and the surrounding counties have a program that is designed to preserve farmland and prevent it from being developed.
The program is state and federally sponsored (I'll call it the LPT program) - it effectively pays a landowner a certain amount of money to implement a deed restriction that: 1 - Prevents the land from ever being subdivided, 2 - Prevents any new structures from ever being built on the land, 3 - Has a list of restrictions (effectively covenants) on the land. You must have a minimum number of acres (45+) to qualify for the program, etc. so it is effectively only for medium to large farms in the area.
The difference in value between an LPT protected farm and a non-deed restricted farm is massive. We are talking - LPT farms sell for approximately 1/3 of what non-LPT farms sell for.
Real estate agents are intentionally failing to mention the LPT program - or the LPT status when listing LPT restricted farms. But farms that are not LPT restricted always mention that they are not LPT restricted (usually in the first sentence of the listing).
We have seen about a dozen LPT restricted farms in our area get listed, go pending, and then about a month or two later get relisted. This process seems to repeat itself numerous times until the farms either sell for their true value - or simply get pulled off of the market. (Buyers are discovering the LPT status and backing out.)
The main point:
We have a friend who purchased an LPT restricted farm ~2 years ago. Neither the selling agent or listing agent mentioned anything about it being LPT restricted (they have documents to prove this). 2 days before close the title search found the LPT deed restriction. The friend was from several states away - and had never heard of this program - so relied on the expertise of their real estate agent (and the seller's agent) to inform them on what this program was. The agents brushed it off as though it was nothing of consequence - and the friend moved forward with the purchase (Terrible decision).
They went to build a home on the farm and were stopped at the beginning of the permit process. They are not allowed to build any structures on the farm - and were told as much.
The question:
They have decided to sell the farm because of these restrictions - and have interviewed several real estate agents. All of these agents have effectively advised the friend not to mention anything about this LPT program restriction - and to deny that they know anything about it.
If they go this route, they may be able to trick someone into buying the farm and not losing a ton of money. However, this is both immoral and is simply kicking the ball down the road to the next person. Do the real estate agents who sold the friend this farm have any liability? Does the seller have any liability? Or is the buyer simply SOL in a scenario like this?
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FirstContribution236 to
RealEstate [link] [comments]
2023.06.01 17:46 Temporary_Noise_4014 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
| https://preview.redd.it/4ops5k8egf3b1.png?width=461&format=png&auto=webp&s=bbc1ef4b666ba809c42c8078b3a035bbce429e05 Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra"). Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval. "The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra." Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. https://preview.redd.it/y8rypjofgf3b1.png?width=392&format=png&auto=webp&s=0deef7409ca20645f826b2e7f4663bbe531da7c4 The Long Peak Project Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak. The Stargo Project Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by Temporary_Noise_4014 to PennyHaven [link] [comments] |
2023.06.01 17:45 Temporary_Noise_4014 Element79 Gold Announces Execution of Agreement with Centra Mining Ltd. for Sale of Properties from Battle Mountain Portfolio in Nevada (CSE: ELEM, OTC: ELMGF)
https://preview.redd.it/aksrnv0agf3b1.png?width=461&format=png&auto=webp&s=8d6b4f64fa44d8df722fef2a8c9a0276e3604323 Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) ("Element 79 Gold", the "Company") announces that, further to its
November 17, 2022 release, the Company has entered into an Asset Purchase Agreement (the "Agreement") for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd. ("Centra").
Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project ("Long Peak") and the Stargo Project ("Stargo") in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share (the “Payment Shares”). The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval.
"The sale of Long Peak and Stargo to Centra marks another milestone in Element79's journey for the strategic development of its high-grade gold assets," commented James Tworek, CEO of Element79. "Centra realizes that these projects have great exploration potential along with the rest of their portfolio and it will be exciting to see what their near-term development plans are. We are excited to maintain our exposure to the very promising development potential of these properties through our equity participation in Centra."
Tworek added, “We have been working at the sale of the non-core assets in the Battle Mountain for over a year now, and it feels great to confirm that we have one package of properties now signed up and pending their closing date. This achievement further helps to highlight the currently-unrealized value of the individual properties in the Battle Mountain portfolio, helping to re-envision a benchmark for corporate valuation and enabling us to unlock additional value from our extensive portfolio of prospective properties while increasing Element79 Gold’s focus, energy and capital flows on developing its flagship Maverick Springs and both defining a resource at and bringing production online at Lucero in 2024.”
Element79 Gold’s Battle Mountain Portfolio
The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine.
The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine.
https://preview.redd.it/8gwmgsvcgf3b1.png?width=392&format=png&auto=webp&s=086c5b2c33a1c0f9247af42daeb47874538bd6d3 The Long Peak Project
Long Peak is comprised of 34 unpatented claims located near Copper Basin and the Copper Canyon Mine in Lander County, Nevada. Long Peak hosts significant historic prospects, warranting further exploration at Long Peak.
The Stargo Project
Stargo is comprised of 337 unpatented claims located south of the Battle Mountain Trend in Nye County, Nevada. The large claim block contains attractive host rocks, tertiary age intrusives, and appropriate aged structural preparation to represent an attractive area for exploration target development.
About Element79 Gold
Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out.
For more information about the Company, please visit
www.element79.gold Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer E-mail: [
[email protected]](mailto:
[email protected])
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (613) 879-9387
E-mail: [
[email protected]](mailto:
[email protected])
submitted by
Temporary_Noise_4014 to
OTCstocks [link] [comments]
2023.06.01 16:46 Professional_Disk131 Element 79 Gold Announces 60-Day Extension to Valdo LOI (CSE:ELEM) (OTC:ELMGF)(FSE: 7YS)
| https://preview.redd.it/4tfxaxdq5f3b1.png?width=461&format=png&auto=webp&s=37f492753da00bac970fc68c6d27ca7152a88145 VANCOUVER, BC / THENEWSWIRE / May 30, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) (" Element 79 Gold", the " Company") announces that, further to its November 17, 2022 release announcing that the Company had entered into a non-binding letter of intent (the “Valdo LOI”) with Valdo Minerals Ltd. (“Valdo”), the parties have mutually agreed to a 60-day extension to the exclusivity period to enter into a definitive agreement for the sale of three properties from its Battle Mountain Portfolio located in the northeastern Nevada, US. The other terms of the LOI, as announced by the Company on November 17, 2022, remain unchanged. Proposed Transaction Highlights - Valdo to acquire 100% interests and obligation in:
- The North Mill Creek Project - comprised of 6 unpatented claims located at the margins of the Goat Window in Lander County, Nevada, an exposure of lower plate rocks beneath the Roberts Mountains Thrust, the preferred carbonate host of Carlin-type gold deposits.
- The Elder Creek Project - comprised of 23 unpatented claims, which cover the historic Elder Creek open-pit mine in Lander County, Nevada, hosted in upper plate rocks where the mine area is believed to represent leakage from the deeper lower plate of the Roberts Mountains Thrust.
- The Elephant Project - comprised of 197 claims located at the foot of the mine dumps at Nevada Gold Mines' Phoenix operation hosting a covered pediment target with various depths of cover based on the displacement of fault blocks.
- Valdo to issue 3,750,000 common shares at a deemed price of $0.30 CAD per share representing an aggregate value of CAD 1,125,000.
- According to the revised exclusivity period, the transaction is expected to close by July 15, 2023.
“As we progressed toward the initial term of the LOI, Valdo expressed a desire for an extension as they finalize their project structuring and capitalization plans,” said James Tworek, Element79 Gold Corp CEO. “Our collaboration with Valdo holds great promise, spurred by their continued interest in how the optioned portfolio synergizes with their other regionally adjacent projects, we are confident that this extension will pave the way for a successful closing and strong Valdo story in the future.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. Qualified Person The technical information in this release 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. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department – Dylan Anderson Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by Professional_Disk131 to Miningstocks [link] [comments] |
2023.06.01 16:46 Professional_Disk131 Element 79 Gold Announces 60-Day Extension to Valdo LOI (CSE:ELEM) (OTC:ELMGF)(FSE: 7YS)
| https://preview.redd.it/lpmrsbem5f3b1.png?width=461&format=png&auto=webp&s=1b71ae6b6c0cc5b593c33215ef940f5209d4529d VANCOUVER, BC / THENEWSWIRE / May 30, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE: 7YS) (" Element 79 Gold", the " Company") announces that, further to its November 17, 2022 release announcing that the Company had entered into a non-binding letter of intent (the “Valdo LOI”) with Valdo Minerals Ltd. (“Valdo”), the parties have mutually agreed to a 60-day extension to the exclusivity period to enter into a definitive agreement for the sale of three properties from its Battle Mountain Portfolio located in the northeastern Nevada, US. The other terms of the LOI, as announced by the Company on November 17, 2022, remain unchanged. Proposed Transaction Highlights - Valdo to acquire 100% interests and obligation in:
- The North Mill Creek Project - comprised of 6 unpatented claims located at the margins of the Goat Window in Lander County, Nevada, an exposure of lower plate rocks beneath the Roberts Mountains Thrust, the preferred carbonate host of Carlin-type gold deposits.
- The Elder Creek Project - comprised of 23 unpatented claims, which cover the historic Elder Creek open-pit mine in Lander County, Nevada, hosted in upper plate rocks where the mine area is believed to represent leakage from the deeper lower plate of the Roberts Mountains Thrust.
- The Elephant Project - comprised of 197 claims located at the foot of the mine dumps at Nevada Gold Mines' Phoenix operation hosting a covered pediment target with various depths of cover based on the displacement of fault blocks.
- Valdo to issue 3,750,000 common shares at a deemed price of $0.30 CAD per share representing an aggregate value of CAD 1,125,000.
- According to the revised exclusivity period, the transaction is expected to close by July 15, 2023.
“As we progressed toward the initial term of the LOI, Valdo expressed a desire for an extension as they finalize their project structuring and capitalization plans,” said James Tworek, Element79 Gold Corp CEO. “Our collaboration with Valdo holds great promise, spurred by their continued interest in how the optioned portfolio synergizes with their other regionally adjacent projects, we are confident that this extension will pave the way for a successful closing and strong Valdo story in the future.” Element79 Gold’s Battle Mountain Portfolio The Battle Mountain Portfolio was originally comprised of 15 separate projects totaling over 44,478 acres across 2,203 unpatented claims in five counties: Elko County, Eureka County, Humboldt County, Lander County, and Nye County. Most of the Battle Mountain Portfolio is located within the Battle Mountain Trend, with several projects close to globally reputable gold deposits including Nevada Gold's Cortez Mine. The Battle Mountain Portfolio is comprised primarily of early-stage projects. While drilling has been completed at some projects, such as Elder Creek (155 holes) and Clover (104 holes), many have only surface sampling and geophysical surveys completed. Of particular note are the Long Peak, Elephant, Elder Creek, North Mill Creek, Clipper, Pipeline South, West Cortez, and Walti Projects, which are interpreted to lie along the northwest trending fault that hosts the high-grade Pipeline deposit, which is included in Nevada Gold's Cortez Mine. Qualified Person The technical information in this release 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. About Element79 Gold Element79 Gold is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's main focus is on two core properties: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into production in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource estimate reflecting an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of October 19, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which are non-core to its primary business focus. In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. The Company also has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of exploration, sale or spin-out. For more information about the Company, please visit www.element79.gold Contact Information: James C. Tworek, Chief Executive Officer E-mail: [ [email protected]](mailto: [email protected]) For investor relations inquiries, please contact: Investor Relations Department – Dylan Anderson Phone: +1 (613) 879-9387 E-mail: [ [email protected]](mailto: [email protected]) submitted by Professional_Disk131 to marketpredictors [link] [comments] |