Gold Mountain Mining (TSX-V:GUM, StockForum), a Vancouver-based resource firm engaged in the exploration and development of the Elk Gold Project in Southern British Columbia, announced today that the company had wrapped up analysis on the 2013 exploration program at its wholly-owned Elk Gold Property located 45 kilometres southeast of Merrit, British Columbia.
According to the news release, “Drilling occurred on several deep IP anomalies south of the existing bulk sample pit. The targets were chosen based on the IP anomalies from 2010 through 2012 IP surveys plus the Titan IP survey anomalies identified in 2011. A third party, testing a prototype percussion rig completed all the drilling at no cost to the company. This drilling provided valuable data for future planning purposes.”
The Siwash North 1300 vein was tested with two holes, SLH13-003 and SLH13-004, 50 metres further down the line to a maximum depth of 330 metres with both holes revealing anomalous gold values up to 4 g/t over 3 metres and confirming the 1300 vein remains open at depths in excess of 330 metres.
SSH13-001, drilled within the South Showing in order to test a larger resistivity low, was stopped in a fault zone considered to be the source of the anomaly, while Lake Zone drilling with SLH13-002 tested a Titan 24 resistivity high anomaly at 500 metres and sampled known gold quartz veins closer to the surface.
Assay results of 7.36% copper, 226 g/t silver, 0.24% zinc and 0.38% lead were produced with geologic mapping and soil/rock chip sampling performed on the property's southern claims where mineralized zone discoveries occurred in 2012.
Also mapping of the South Showing located quartz float within the overburden suggested the South Showing veining continues to the east beyond the most easterly 2012 drill section.
Gold Mountain Mining was in the news recently when the company completed a gold sale with its Elk Project bulk sample.
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