Update On Exploration Program At Florence Hill

VANCOUVER - Elevation Gold Mining Corporation reported on its diamond drilling program at Florence Hill.  In July, the Company commenced a planned 3,800-meter diamond core drilling program to test several high-priority targets at Florence Hill, Grapevine, Silver Creek Springs, eastern West Oatman, and the Hardy Vein. The initial hole, which was intended to test both the extension of the West Oatman and Gold Road epithermal vein structures in the Florence Hill area and as well as the cause of the extensive surface advanced argillic alteration in this area, has been completed at almost 1,100 m in total depth. The drill hole was terminated in promising highly altered rock due to drill rig limitations. Core from the initial drill hole is currently being analyzed and shipped to an independent assay lab, and once results are received and reviewed, results will be released, expected to be in Q1 2023.  Key information discovered from this drill hole will be used to target further drilling at Florence Hill and similar targets in the area.

Warwick Board, Vice President Exploration, said, "The first diamond core drill hole at Florence Hill intersected multiple encouraging structural, vein, and alteration features throughout the length of the drill hole. Of particular note was the intersection of a significant structure along strike of both the West Oatman and Gold Road vein-hosting structures. Additional encouraging intersections included several vein-filled structures followed by a continuous intensification and up-temperature transition of the alteration assemblages with depth. We are in the process of planning further follow-up drilling, targeting the geophysical target towards which the alteration was vectoring with shorter drill holes. Additional information on Florence Hill and Moss Mine exploration will be provided in later this month."