Gold79 Mines
Financials:
Primary ticker: TSXV:AUU, OTCQB:AUSVF
Stage of development: Exploration
Primary minerals: Gold, Silver
Project to promote: Gold Chain
Project location: Arizona, Nevada
Website: gold79mines.com
Corporate presentation: Click here
Corporate video: Click here
Gold79 is a southwest US precious metals explorer with 3 projects in 2 of the top mining jurisdictions in the world, Arizona and Nevada. All 3 projects have over 100 historic drill holes that have returned economic grades within multi-kilometer geophysical and geochemical anomalies. Our focus, has been our Gold Chain project Arizona, where we recently drilled 9.1m at 51.09 g/t Au and extended the Tyro target to nearly one kilometer of strike length. Additionally, our Jefferson Canyon project, where historic drilling returned 41.2m at 6.4 g/t Au and 402 g/t Ag, is under option to Kinross who operate the neighboring Round Mountain mine.
Cash: CAD$300,000
Debt: NIL
Major shareholders:
Kinross – 4.5%
Other Institutions – 11%
Management Ownership – 19.5%
Management Profile
Derek Macpherson – President, CEO and Director
Mr. Macpherson brings technical and capital markets experience to the Gold79 team. He has a Bachelor of Engineering and Management in Materials Science (Metallurgy) from McMaster University and a Master of Business Administration from the Schulich School of Business. He most recently was Senior Vice President, Investment Banking at Red Cloud Securities Inc. and formerly was Vice President, Mining Analyst at Red Cloud. Prior to completing his MBA, he worked for six years as a metallurgist. For the last 10 years, he has worked in capital markets, primarily in mining equity research and for the most part covering junior mining companies. For the last five years, his primary role at Red Cloud has been building the mining research practice; however, during the early days of Red Cloud, while helping to build the business he gained experience in banking, sales, and marketing.
What is your rationale for taking part in 121 Mining Investment?
Our objective is to meet new investors, both those who participate in financings and those that buy in the market. Gold79 is relatively unknown, so are main objective is to introduce it to new people.
What recent news would you like to highlight to investors attending?
January 12, 2023 – GOLD79 COMMENCES DRILLING WITH IMPROVED UNDERSTANDING FROM GEOPHYSICAL INTERPRETATION AT ITS GOLD CHAIN PROJECT
November 7, 2022 – GOLD79 ANNOUNCES PRIVATE PLACEMENT FINANCING OF UP TO $1,000,000
October 13, 2022 – GOLD79 SIGNS EXPLORATION AND OPTION AGREEMENT WITH KINROSS ON ITS JEFFERSON CANYON PROJECT, NEVADA
June 8, 2022 – GOLD79 RETURNS 19.52 G/T AU OVER 3.7M FROM THE SHEEP TRAIL MINE AREA AT ITS GOLD CHAIN PROJECT AND PRESENTS THE GOLD CHAIN PROJECT VIRTUAL TOUR
April 28, 2022 – GOLD79 SAMPLES 2.53 G/T GOLD OVER 25.4 M FROM THE UNDERGROUND WORKINGS AT THE TYRO MINE ON THE GOLD CHAIN PROJECT
November 2, 2021 – GOLD79 INTERSECTS 10.68 G/T GOLD OVER 3.1M AT ITS GOLD CHAIN PROJECT IN ARIZONA
October 25, 2021 -GOLD79 DRILLS 21.3M OF 2.0 G/T GOLD AT THE TYRO TARGET AT ITS GOLD CHAIN PROJECT IN ARIZONA
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Release results from the 2023 Gold Chain Phase 2 Drill Program
Complete the Permitting Process at Jefferson Canyon
6 Months:
Start the next Phase of Drilling at Gold Chain
Start the Maiden Drill Program at Jefferson Canyon
12 Months:
Determine the best Targets at Gold Chain to Define a Multi-Million Ounce Resource
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
Management has significant skin in the game
Compelling value proposition
Business Develioment Manager, EIT Raw Materials