Positive assay results continue to come in for Gold Mountain Mining (TSX: GMTN). The firm this morning reported additional results from its phase two drill program at its flagship Elk Gold project in British Columbia.
Much like the results released last week, the latest assays come from the Siwash North zone of the property. Highlights from the results include:
- SND21-008: 1.30m grading 12.00 g/t gold including 0.30m of 44.7 g/t gold
- SND21-017: 1.40m grading 9.68 g/t gold including 0.40m of 24.60 g/t gold
- SND21-020: 1.10m grading 10.05 g/t gold including 0.30m of 46.1 g/t gold
- SND21-020: 1.30m grading 5.59 g/t gold including 0.30m of 18.60 g/t gold
The results continue to bode well for Gold Mountain, in that highlight results come from separate veins that are said to currently be 300 metres apart, yet show signs of converging at some as of yet undiscovered location further to the west.
Sponsored · Nord Precious Metals
Drilling under the phase two program is now complete, with a total of 13,900 metres drilled. The majority of the drilling occurred at the Siwash North Zone, while 3,400 metres of drilling was spread between the Lake, South and Elusive zones.
“These results from our Siwash North drilling reinforce the consistency and grade continuity in the mineralization surrounding our open pits. With mine production now ramping up and the first two batches of assay results from our Phase II program delivering as expected, we continue to showcase the scalability of the Elk,” commented CEO Kevin Smith on the results.
Gold Mountain last traded at $1.68 on the TSX.
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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
