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Elevation Gold Mining Corporation (OTC: NHVCD) announced updated Mineral Reserve and Resource estimates for its Moss Mine, reflecting an increase in Measured and Indicated Resources by 36% since December 2019. Proven and Probable Reserves are now at 12,744 ktonnes, containing 184,500 ounces of gold and 2.2 million ounces of silver. The Moss Mine's life is extended to 2025, with a pre-tax NPV(5%) of $50.8 million. Recent drilling has shown significant mineralization, with 100 additional holes completed. Production results for Q3 2021 indicate a decline due to transition phases in leach pads.
