Elevation Gold provides update on Florence Hill exploration project

Highlights:

• The first drill hole (FH22-001), drilled into the main Florence Hill exploration target, intersected significant structurally-hosted epithermal quartz-calcite-(gypsum) veinlets at the top of the hole, along strike of the nearby Gold Road and West Oatman Veins. In addition, the hole intersected porphyry-style alteration transitioning from propylitic to phyllic accompanied by an increase in alteration intensity with downhole depth.
• The second drill hole (HV22-001), drilled into the Hardy Vein target approximately 1300 m to the west of the main Florence Hill target, intersected a three m-thick epithermal quartz-calcite vein within a more than 90 m thick zone of vein stockwork at depths of between 94 - 187 m downhole. The vein and vein stockwork intersected in this drill hole is similar to the Moss Vein and mineralised epithermal veins historically mined in the Oatman District (e.g., Ransome, 1923).
• A third drill hole (FH22-002) is currently underway on the main Florence Hill target which is testing, at depth, the epithermal veining intersected at the top of FH22-001.
• The company is investigating the relationship between the strong alteration intersected in drill hole FH22-001, geomagnetic and radiometric anomalies, and surface geochemistry results for follow-up drilling optimisation.

The Florence Hill exploration area is located approximately 3.5 km southeast of the Moss mine in Mohave County, Arizona. The area is readily accessed via Silver Creek Road, which connects Bullhead City to Oatman. A block of patented claims, owned by the company, is located approximately 500 m to the west of the main Florence Hill exploration target. Several epithermal quartz-calcite veins and stockwork zones, including the Hardy Vein, are present on the surface in these claims, strike towards the main Florence Hill target, and are associated with historic mine workings. The two drill holes completed to date as part of the Florence Hill Exploration Program, FH22-001 and HV22-001, were drilled into the main Florence Hill and Hardy Vein targets, respectively.

Dr. Warwick S. Board, Vice President of Exploration for Elevation Gold, stated:

“We are excited about the multiple vein, stockwork, and alteration features intersected throughout the length of the first hole drilling into the Florence Hill target. It seems that the upper-parts of the structural system that contains both the West Oatman and Gold Road vein hosting structures was intersected towards the top of this hole. We intend to conduct step-back drilling to test the structure at greater depths, especially given the tendency of key mineralised epithermal veins in the historic Oatman District (e.g. United Eastern, Tom Reed, Gold Road) to open into mineralised features from depths of between approximately 50 - 110 m below surface. Furthermore, the change in nature and intensity of the alteration intersected in the hole with depth and towards coincident surface geochemistry and airborne geophysical anomalies suggests vectoring towards a potential porphyry-style system.”

Read the article online at: https://www.globalminingreview.com/mining/16112022/elevation-gold-provides-update-on-florence-hill-exploration-project/