Intersections Of Stockwork Mineralization Below The West Pit At The Moss Mine

VANCOUVER - Elevation Gold Mining Corp. reported on the multi-phase infill and resource expansion drilling program at the Moss Mine in northwestern Arizona. Results discussed include those from infill drilling below the active West Pit as well as from condemnation drilling in the proposed 3B leach pad area.

Michael G. Allen, President, said, "We anticipate that this drilling will result in the delineation of additional mineral resources and mineral reserves in the West Pit.  With the excellent metallurgy at the Moss Mine, the results further demonstrate the potential for reducing the strip ratio in the West Pit. The scale of these results highlights the potential for Moss to grow into a multi-million-ounce gold system."

Drilling beneath the active West Pit intersected broad intervals of stockwork and vein-hosted epithermal gold-silver mineralization from surface down to almost 280 meters in depth. Drillhole AR21-562R intersected 344.42 meters of hanging wall stockwork mineralization grading 0.31 g/t gold and 1.12 g/t silver, starting at surface. Drillhole AR21-560R intersected 137.16 meters of hanging wall stockwork mineralization grading 0.30 g/t gold and 1.92 g/t silver starting at surface, including 22.86 meters grading 0.47 g/t gold and 1.35 g/t silver. Drillhole AR21-545R intersected 88.39 meters grading 0.40 g/t gold and 4.29 g/t silver in the Moss Vein and associated hanging wall stockwork starting at surface, including 27.43 meters grading 0.67 g/t gold and 7.13 g/t silver. Drillhole AR21-570R, a condemnation drillhole drilled in the proposed 3B Leach Pad area intersected 48.77 meters of stockwork and vein hosted mineralization grading 0.36 g/t gold and 0.82 g/t silver, including 3.05 meters grading 0.71 g/t gold and 0.90 g/t silver, 10.67 meters grading 0.47 g/t gold and 1.60 g/t silver, and 4.57 meters grading 0.65 g/t gold and 0.47 g/t silver. This mineralization is likely associated with the Rattan Vein system mapped to the west of the current West Pit. Additional drilling is being planned to follow up on these results.

Warwick S. Board, Vice President, Exploration, said, "The broad zones of silicification and stockwork veining intersected below the current West Pit are reflective of the surface outcrop of the pre-mining surface in this area. Additional similar zones of silicification and stockwork veining crop out in the Midwest and Far West Extension areas of the Moss Property, approximately 750 meters to 1,500 meters, respectively, to the west of the active West Pit, highlighting the potential of finding additional mineralization to the west of the West Pit. Furthermore, recent modeling has suggested that the Moss and Ruth Veins appear to diverge west of the Center Pit, further enhancing the potential for a westward widening of the broad stockwork zones between the two veins to the west of the current mine."

Infill and near-mine drilling continues at the Moss Mine with two Reverse Circulation (RC) drill rigs currently active. The drilling presented in this news release is focused on infill and resource expansion drilling targeting the Moss and Ruth Veins and associated hanging wall stockwork beneath and adjacent to the West Pit, as well as condemnation drilling in the proposed 3B Leach Pad area.