Gold Mountain Intersects 17.54 g/t Gold Over 1.10 Metres

Gold Mountain Mining (TSXV: GMTN) this morning released assay results from its phase two drill program. The program, which was conducted at its currently operating Elk Gold Project in British Colombia, was initially slated for 10,000 metres of drilling.

Highlights from the latest round of assays include:

  • SND21-014: 1.30 metres of 10.59 g/t gold
  • SND21-025: 0.90 metres of 14.59 g/t gold
  • SND21-026: 1.40 metres of 5.85 g/t gold
  • SND21-029: 1.10 metres of 17.54 g/t gold

The results have reportedly extended mineralization at the Siwash North zone, with mineralization said to indicate “clear vein continuity.” This mineralization is said to extend both high-grade data, as well as the open-pit amenable vein systems.

As a result of the continued strong results from the drill program, the phase two program has been expanded to a total of 13,000 metres of drilling in aggregate. The program is focused on both infill and step-out drilling at Siwash North, with a portion also allocated to the Lake, South and Elusive zones, for which drilling is expected to be released in the near term.

“Now that the mine is transitioning to commercial production, Gold Mountain’s focus is to scale our resource through proceeds of mining and uphold our commitment of getting the Elk past a million ounces,” commented CEO Kevin Smith on the results.

Gold Mountain Mining last traded at $1.95 on the TSX Venture.


FULL DISCLOSURE: Gold Mountain Mining is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Gold Mountain Mining on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

SKRR Exploration To Raise $3.5 Million In Private Placement

SKRR Exploration (TSXV: SKRR) this morning announced that it will be conducting a private placement...

Wednesday, February 17, 2021, 09:17:35 AM

McLaren Resources Announces Drill Program For McCool Property

McLaren Resources (CSE: MCL) is going exploring. The firm last night after the bell announced...

Wednesday, August 11, 2021, 08:03:02 AM

Pure Gold Hits 296.1 G/T Gold Over 4.9 Metres In Underground Drilling

Pure Gold Mining (TSXV: PGM) has released results from its ongoing drill program at its...

Tuesday, October 27, 2020, 09:01:02 AM

The De-Dollarization Frenzy: China Covertly Buying Gold to Reduce US Dollar Exposure

The West’s sanctions against Russia are backfiring, particularly for the US dollar, which is slowly...

Friday, November 25, 2022, 06:29:00 AM

New Found Gold Drills 430.17 G/T Gold Over 5.25 Metres At Golden Joint

New Found Gold Corp. (TSXV: NFG) announced today the assay results from four holes drilled...

Wednesday, June 30, 2021, 08:44:23 AM