U.S. gold and silver producer Elevation Gold Mining Corp. reported updated mineral reserve, mineral resource estimates and technical report for its Moss mine, located in Mohave County, Arizona.
Elevation Gold’s new leadership believes the Moss mine and surrounding 168 square kilometer land package possesses unrealized gold exploration potential. Consequently, the company began an aggressive near mine and regional exploration drilling program in March to deliver new resource ounces while beginning to demonstrate the potential of the property.
Elevation has completed approximately 100 drill holes and continues to encounter significant mineralization, which are not included in the mineral resource and mineral reserve estimates presented in a technical report.
The mine has measured and indicated mineral resources of 38,857 kilotons with grades of 0.39 grams/t gold and 4.6 g/t silver, containing 490,200 ounces (oz) of gold and 5.75 million oz of silver with inferred mineral resources of 6,562 kilo tonnes with grades of 0.35 g/t gold and 4.5 g/t silver, containing 73,800 oz gold and 940,000 oz silver.
“The Moss mine has been historically constrained by tenure and permitting that limited the mine’s footprint and production capacity,” Chairman Douglas J. Hurst said. “It has also hindered the company’s ability to expand the resources and reserves. These constraints have now largely been removed, and the potential of the property is just beginning to be realized.”