a little news from sedar
GOLD MOUNTAIN MINING CORP. PROVIDES A CORPORATE UPDATEVancouver, BC -January 14, 2021.Gold Mountain Mining Corp. (“Gold Mountain” or “The Company”) is pleased to announce the completion of itsQualifying Transaction with Bayshore Minerals Incorporated (“Bayshore”) along with approval for trading on the TSX Venture Exchange for December 31st, 2020, under the symbol GMTN. The company's CEO, Kevin Smith,states “The$4.7m financingisclosed,Phase 1of ourdiamond drill programis underway,and management isfocused oncontinuing todevelopour vision of a high-grade,multi-pit productionscenarioat ourElk Gold Project.Over the next six months our goal is tofinalize thedetails requiredto bringthe Elk Gold Project into production, as well as look to continue onto Phase 2 of our drill program.Our technical team continues to assesssimilar underappreciated, high grade depositshere in British Columbia, andthegreater Canadian region, that have large historic investmentsin resource development and require relatively low CAPEXto get into production.The increase ingold price in 2020 has further highlighted the opportunity outlined in theElkGold ProjectPEA. Last yearwas aboutlaying thefoundationof our plan. This year will be about bringing it to life and delivering on our commitments to our long-term shareholders and supporters. In our view, this is BC’s next Gold producer.” Gold Mountain is pleased to announce that it has engaged HEG & Associates Exploration Services Inc (“HEG”) to lead its exploration with an initial 14,000-metermulti-phase drilling program. Kelowna based HEG is one of the premier mineral exploration companies in Canada and located just 55km from the Elk Gold Project. Gold Mountain COO, Grant Carlson, says, “we have goals as a company to continually expand the Siwash North resource, as well as define new resources in our 8highly prospective known exploration zones throughout the property. It is unique to have an asset with this amount of drilling and exploration data. Leveraging this data allows us to approach our drill program with confidence that our budget is being deployed efficiently. Gold Mountain has a clear understanding of where the high-gradegold mineralization istrendingand where we need to drill tocontinue expanding the mineralresource. With seven drill tested exploration zones outside of our resource, weare confident that we will achieve ourlong-termvisionof a multi-pit production scenario.” Helm Diamond Drilling Ltd. has abrand-newdrillrigturning, as seen in photo above,on site to implementthe first7,150 meters. The Companylooks forward to deliveringthe marketassay results throughout Q1 2021.