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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Company’s principal product is crushed ore produced from the Elk Mine. The Elk Gold Property is a 21,187-hectare (ha) land package. The Elk Gold Project hosts multiple gold mineralized zones within the 21,187-ha property boundary. The Elk Gold is a mesothermal, intrusive related, gold vein system. The Elk Gold Project is a past producing high grade gold mine.


TSX:GMTN - Post by User

Post by CADInvestor33on Apr 14, 2021 8:27am
170 Views
Post# 32991293

GMTN Encounters High-Grade Gold Intercepts in Down-Dip Drill

GMTN Encounters High-Grade Gold Intercepts in Down-Dip DrillGold Mountain Mining Corp announced gold results from the down-dip portion of its Phase 1 drill program at its 100% owned Elk Gold Project located near Merritt, BC. These high-grade asay reuslts continue to expand known veins down-dip indicating a clear path growth of the project. 

Highlights:

  • Assay results from down-dip drilling confirm the presence of high-grade vein extensions:
    • SND20-029 intercepted 1.42m averaging 37.00 g/t Au (including 0.42m averaging 124.00 g/t Au)
    • SND20-032 intercepted 1.22m averaging 16.23 g/t Au (including 0.30m averaging 62.20 g/t Au)
    • SND20-032 intercepted 1.30m averaging 7.95 g/t Au (including 0.30m averaging 31.30 g/t Au)
  • The assay results of the down-dip drilling continue to demonstrate the potential to expand the current resource at depth.
  • 100% of all drill holes have encountered significant mineralized intercepts.

Read the PR here:

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2907-tsx-venture/gmtn/97087-gold-mountain-encounters-high-grade-gold-intercepts-in-down-dip-drill-program.html
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