News Bureau

Elevation Gold Announces Exploration

Elevation Gold Announces Recent Exploration Drilling Results that Continue to Demonstrate Moss Mine Expansion Potential and Announces New Drilling Program to Begin in November 2022

Assay results are presented for the final 26 near-mine resource definition and expansion RC drill holes containing several significant intersections of mineralization, including 48.8m grading 0.63 g/t Au, 3.79 g/t Ag at Center Pit (AR22-640R), 53.3m grading 0.49g/t Au, 4.24 g/t Ag (AR22-641R) at Center Pit and 147.8m grading 0.31 g/t Au, 5.61 g/t Ag at West Pit (AR22-636R).

Tim Swendseid, President of Elevation Gold stated: “Today we are announcing final results from our 2022 reverse circulation program at Moss Mine and the commencement of a new reverse circulation program at the mine beginning in November.  Our efforts continue to demonstrate the high expansion potential of the Moss Mine. 

Our recent drilling in the West Pit and Center Pit continued to intersect multiple stockwork vein zones in the hanging and footwalls to the main Moss and Ruth Veins confirming broadening of the system to the west and the presence of significant gold in the Ruth Vein beneath the Center Pit. 

The new reverse circulation program announced today will follow up on these results and aims to extend mineralization system continuity from the current West Pit, through the Mordor/West Pit Extension area to the historic drilling in the Mid-West Extension/Reynolds Pit area. 

It is hoped that the drilling will extend the active mining area an additional 0.5km to the west of the current open pit, resulting in an overall potential mine strike length of just over 2km, from the East Pit to the Reynolds Pit area.”

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