Gold Mountain Mining Corp T.GMTN

351 g/t of gold means high-grade gold

[GoldenPolarBear]

& probably well over 1 million au ozs but financing is elusive after recently producing relatively low grades... Gold Mountain Mining has just been provided with expensive financing and been relieved of some serious debts for now but they must produce gold asap ORE else...

They need revenue generation asap 

https://gold-mountain.ca/media/

"... Highlights:

• Drilling highlights include:
  • 2.07m grading 51.15 g/t Au including 0.3m of 351 g/t Au
• Gold Mountain is the first operator at the Elk Gold Project to drill test the Elusive Zone and intercept significant gold mineralization in the first holes of this campaign.
• These high-grade intercepts mark a new discovery at the Elk Gold property, providing the Company with a potential path to significantly upscale its resource.

"When we acquired this project in 2019, we knew there was significant untapped mineralization within the Elk's 21,000 hectare land package. Rather than ending our Phase II drill program at Siwash North, we took a calculated risk by adding an exploratory drill test at the Elusive zone in hopes of making a new discovery," commented CEO and Director Kevin Smith. "Today, we're thrilled to announce that this decision has paid off with the discovery of a new high-grade gold system within the Nicola Volcanics. It is extremely rare for the first holes in an undrilled zone to return such strong results, and for us to encounter significant mineralization is a testament to our ability to upscale this project beyond Siwash ...." 
https://investingnews.com/gold-mountain-confirms-new-high-grade-gold-discovery-in-the-elusive-zone-at-the-elk-gold-project/

[TELEMARKER]

Underground mining requires multi million $ investment It will take a year to gear up for underground mining

[GoldenPolarBear]

Agreed, & Gold Mountain Mining needs more financial assistance ASAP! Star Royalties might...? https://www.starroyalties.com/ They must produce some revenue from their hopefully high-grade gold production soon ore else! https://www.forbes.com/sites/dereksaul/2024/04/01/gold-hits-another-high-despite-a-strong-stock-market-and-economy-heres-why/?sh=1301f0da8de3