Elevation Gold announces inaugural drilling at Florence Hill

The exploration drilling programme will include approximately 3800 m of oriented diamond core drilling focused primarily on the Florence Hill exploration target. Additional drill testing of the nearby fault-hosted Silver Creek Springs and West Oatman epithermal vein exploration targets may be conducted as part of this programme, depending on information and results obtained from the main Florence Hill exploration target drilling.

Michael G. Allen, President of Elevation Gold, stated: “We are excited to be the first company to drill test the Florence Hill exploration target, especially considering its location between the historic Oatman District, from which over 2 million oz of high-grade gold were produced, and the currently producing Moss vein system. Our evaluation of the target has led us to believe that there is the potential for a significant new gold discovery.”

Warwick S. Board, Vice President, Exploration of Elevation Gold, added: “There are multiple different geological, geochemical, structural, geophysical, geographical, and alteration features coincident in the Florence Hill exploration target area. Our thesis is that the Florence Hill exploration target represents the upper steam-heated parts of a structurally controlled low- to intermediate sulfidation epithermal system that was superimposed on intermediate to felsic composition lava dome host rocks at the junction between the Silver Creek caldera margin and Walker Lane structures. Given the size of the alteration anomaly in the Florence Hill-Grapevine area and its coincidence with a major structural intersection, the possibility exists that the Moss and Oatman District low sulfidation epithermal vein systems were driven by a heat source located beneath Florence Hill. Geological similarities to the El Peñon Mine operated by Yamana Gold in Chile and the recently discovered AngloGold Ashanti Silicon deposit in Nevada are being used to guide our exploration efforts at Florence Hill. Three other target areas along the caldera margin exhibiting similar size and geological features to Florence Hill are currently being evaluated.”

Read the article online at: https://www.globalminingreview.com/exploration-development/02062022/elevation-gold-announces-inaugural-drilling-at-florence-hill/