GOLD MOUNTAIN MINING CORP V.GUM

Q1 available @ sedar

[M1DAS]

 

1. baseline environmental studies were completed to bring the existing baseline environmental data into compliance with current regulatory requirements for the submission of an amendment to the existing small mines permit. Data was collected up to the end of 2012 and reports are expected to be completed in Q2, 2013.
2. As at March 31, 2013, the Company had cash resources of $3,432,743 and working capital of $3,133,843 as compared to cash resources of $5,261,912 and working capital of $3,510,344 as at December 31, 2012. (deduction GUM will need to raise cash in the near future)
3. the permitting process took longer than anticipated, the bulk sample work was not completely finished during the 2012 exploration season before the onset of winter conditions. This program is now awaiting better weather to complete the bulk sample later in 2013. 
4. two months ago POG was $1600 and now today trades at $1386 compared to the $1800 price in October 2012 down in price 23% in value 7-8 months time 
5. share price is $0.15 
6. long road ahead for this outfit and the Elk Project - in Merritt, British Columbia
7. GLTA