alright GUM very good news indeed, permits are now in order for bulk sample : ) which is projected to be completed this fall ....... or maybe could be delayed until next season ?!?!? which way will the pendelum swing ?!?!?
GLTA
Gold Mountain Mining Corp. has recently received government permits to proceed with a bulk sample program to confirm open pit mining parameters projected in the preliminary economic assessment report that was completed in early 2011. The 10,000-tonne bulk sample is projected to be completed this fall and is estimated to contain 6,000 ounces of gold. Crews and equipment have been mobilized and mining is progressing. The location of the bulk sample pit is east of the previous Bonanza open pit and underground operations. The bulk sample program will mine the eastern extension of the same vein structure previously mined in the early 1990s and produced 51,500 ounces of gold. The operations will focus on determining the optimum open pit mining process and will also provide a more representative grade for the Elk gold potential resource. It had been noted previously that the high-nugget effect of the gold deposit yielded an underestimate of the in-situ gold grade based on the assays generated from surface diamond drill holes. The bulk sample program will provide a confirmation of this hypothesis for the Elk gold project.In addition, the bulk sample will provide more information on the structural and grade continuity as well as mining and milling characteristics for the Elk gold-bearing structures. Information gained from the bulk sample program will be invaluable for the planning of the production phase for the Elk gold project. This step toward the production of the Elk gold deposit will be most critical for future planning and optimization. The company's senior geologist, Robert Wilson, PGeo, acts as the company's qualified person for technical disclosure per National Instrument 43-101, and has reviewed and approved the technical content of this press release.