Gold Mountain Sees Further Positive Assay Results At Elk Gold Project
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.
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.
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