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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Metals & Mining Gold
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 considers itself to operate in a single segment, being the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Elk Mine is in south central British Columbia, Canada, approximately 325-km northeast of Vancouver and 55-km west of Okanagan Lake, midway between the cities of Merritt and West Kelowna and hosts a number of known mineralized zones which the Company continues to investigate, develop, and mine. The project consists of approximately 32 contiguous mineral claims covering 22,152-hectare (ha) and two mining leases covering 646-ha.


TSX:GMTN - Post by User

Gold Mountain Mining Corp > GMTN Encounters High-Grade Gold Intercepts in Down-Dip Drill
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Post by CADInvestor33on Apr 14, 2021 8:27am
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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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