If it's a nice young animal, just cook it like U would beef....but just don't over cook it and end up with a big chunk of shoe leather!!! Salt,pepper or your favorite beef spice, a little beer or water to keep it moist and make some steam!!!
I know a buch ot folks will come back with all sorts of ways to smother it with this or that ....but then you just might as well not have the elk!!! I like the flavor of wild game and don't like to cover it up!!!! If it's some ole rancid nasty smelling 6X6 or such...the best thing to do is make a bunch of pepperoni and sausages out of it!!! BUT this is just my opinion!!!