Path Forward and Prospective Exploration Areas slide image

Path Forward and Prospective Exploration Areas

TSXV: ELVT OTCQX: EVGDF REYNOLDS PIT & MID-WEST EXTENSION +2000 C +1500 AR22-656R, 190/-45, 213.4m " • 44.2-47.2m, 3.1m @ 0.740 g/T Au 68.6-70.1m, 1.5m @ 1.872 g/T Au • 97.5-205.7m, 108.2m @ 0.360 g/T Au • • Incl 128.0-138.7m, 10.7m @ 0.916 g/T Au Incl 153.9-160.0m, 6.1m @ 0.824 g/T Au Incl 175.3-178.3m, 3.1m @ 0.919 g/T Au AR22-655R, 190/-45, 213.4m WO91-05 N Cross Section RP5 C' AR22-651R, 010/-45, 152.4m Cross Section: Reynolds Pit/Mid-West Extension • 9.1-54.9m, 45.7m @ 0.375 g/T Au 80.8-100.6m, 19.8m @ 0.365 g/T Au • Looking West 30.5m section width Previously only historic drilling existed Potential to expand mining more than 500 meters to the west AR22-652R, 010/-65, 182.9m 18.3-42.7m, 24.4m @ 0.305 g/T Au 94.5-135.6m, 41.2m @ 0.310 g/T Au • 170.7-172.2m, 1.5m @ 0.657 g/T Au 176.8-179.8m, 3.1m @ 0.326 g/T Au Legend Topography Moss Vein North-dipping vein and stockwork structure AR22-653R, 010/-45, 243.8m • " 44.2-102.1m, 57.9m @ 0.424 g/T Au 126.5-137.2m, 10.7m @ 0.339 g/T Au 153.9-157.0m, 3.1m @ 0.337 g/T Au 187.5-192.0m, 4.6m @ 0.365 g/T Au Au (g/t) >3.00 2.00 3.00 1.00 -2.00 15.2-18.3m, 3.1m @ 0.381 g/T Au " AR22-654R, 010/-60, 274.3m " " 32.0-45.7m, 13.7m @ 1.102 g/T Au 83.8-128.0m, 44.2m @ 0.338 g/T Au Incl 33.5-36.6m, 3.1m @ 3.655 g/T Au • " " Incl 106.7-128.0m, 21.3m @ 0.433 g/T Au 173-7-187.5m, 13.7m @ 0.308 g/T Au Elevation in Feet 50.3-150.9m, 100.6m @ 0.498 g/T Au • Incl 82.3-86.9m, 4.6m @ 2.228 g/T Au Incl 102.1-108.2m, 6.1m @ 1.090 g/T Au Host Rock: Tps/Tpsb 0.50-1.00 Drillhole grades 20.15 g/t Au shown 0.30-0.50 0.15-0.30 0.002 -0.15 152.4m Note: For more information, see Elevation news release dated March 16, 2023, titled "Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program" ELEVATION GOLD 26
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