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Gold Mountain Mining – Outlining the near term production and exploration potential at the Elk Project

Cory
March 18, 2021

Kevin Smith, President and CEO of Gold Mountain Mining (TSX.V:GMTN – OTC:GMTNF) joins me to provide a full recap of the move into production at the Elk Gold Project that is estimated for this summer. We also discuss the drill program planned for this year aimed at expanding the resource and testing some new targets on the Project.

If you want more information on the any aspect of the Company or have a specific question for Kevin please email me at Fleck@kereport.com.

Click here to view the Corporate Presentation and follow along on the slides we refer to.

Discussion
14 Comments
    cfs
    Mar 18, 2021 18:12 AM

    OFF TOPIC:
    Benchmark drills 52.91 m of 7.59 g/t AuEq at Lawyers
    2021-03-17 06:19 ET – News Release
    Mr. John Williamson reports
    BENCHMARK DRILLS 52.91 METRES OF 7.59 G/T AUEQ NEAR SURFACE AT THE AGB ZONE in B.C., Canada.

    cfs
    Mar 18, 2021 18:18 AM

    Engold estimates 1.71M t of 1.65% CuEq at Lac La Hache
    2021-03-18 10:41 ET – News Release
    Mr. David Brett reports
    ENGOLD REPORTS MAIDEN INFERRED RESOURCE OF 1.71 MILLION TONNES GRADING 1.65% COPPER EQUIVALENT AT G1 COPPER DEPOSIT AT THE LAC LA HACHE PROPERTY B.C.

    cfs
    Mar 18, 2021 18:23 AM

    Spruce Ridge drills 27.2 m of 8.06% Cu at Great Burnt
    2021-03-18 07:42 ET – News Release
    Mr. John Ryan reports
    SPRUCE RIDGE REPORTS FINAL ASSAY RESULTS AT GREAT BURNT COPPER DEPOSIT. NewFoindland.

    cfs
    Mar 18, 2021 18:25 AM

    Palladium One drills 47 m of 2.6 g/t PdEq at LK
    2021-03-18 07:20 ET – News Release
    Mr. Derrick Weyrauch reports
    PALLADIUM ONE EXPANDS HIGH-GRADE AT KAUKUA SOUTH, DRILLS 47 METERS @ 2.6 G/T PD_EQ, INCLUDING 12 METERS @ 4.2 G/T PD_EQ
    Palladium One Mining Inc.’s drilling has returned significant PGE (platinum group eleent) grades of 47 metres at 2.6 grams per tonne palladium equivalent, including 12 metres at 4.2 g/t PdEq (hole LK21-045), defining a high-grade core at Kaukua South on the Lantinen Koillismaa (LK) PGE-Ni-Cu (platinum-group-element-nickel-copper) project in Finland.

    cfs
    Mar 18, 2021 18:28 AM

    Radisson drills 2.8 m of 57.48 g/t Au at O’Brien
    2021-03-18 06:53 ET – News Release
    Mr. Rahul Paul reports
    RADISSON INTERSECTS 57.48 G/T AU OVER 2.80 M, 18.42 G/T AU OVER 5.00 M AND 4.79 G/T OVER 10.70 M UP TO 330 M BELOW CURRENT RESOURCES ALONG HIGH-GRADE TREND #2 AT THE O’BRIEN PROJECT, Quebec

    cfs
    Mar 18, 2021 18:30 AM

    Prime drills 20.1 m of 3.25 g/t Au, 380 g/t Ag at Reyes
    2021-03-18 06:14 ET – News Release
    Mr. Daniel Kunz reports
    PRIME MINING EXTENDS BONANZA GRADE GOLD-SILVER MINERALIZATION 150 METRES BELOW PREVIOUS DRILLING IN ESTACA VEIN
    Prime Mining Corp. has released initial results from its 15,000-metre phase 1 diamond drilling program at the Los Reyes project in Sinaloa state, Mexico.

    Mar 18, 2021 18:35 AM

    I am still in dismay as to what makes the price of gold move after twenty plus years studying it.
    This morning a thought came to me:
    Gold in the futures is nothing more than a hedge against other positions. The actual correlation of the futures with the actual supply of the metal is not what moves the price.

      Mar 18, 2021 18:49 AM

      The paper contract market controlled by the bullion banks determines price. If you monitor the daily price changes during a 24 hour period, you will note that there are trades of the contracts occurring at times when market volume is at it lowest. It is further interesting the note that often the trades exceed established position limits and often the annual mine supply of metals in a very short period of time. A legitimate seller would not drive price down to guarantee increased losses…and, if they were a legitimate seller the Regulators would not permit exceeding position limits. However, they will let bullion banks determine ,what amounts to price setting by insiders, price and exceed limits to influence price direction. They in effect nullify market factors such as how much does it cost to produce an ounce of gold and market it. Since PMs can be an embarrassment to Politicians as they destroy the value of the currency, the Regulators allow price suppression and thereby become complicit in price manipulation. Just my view.

        Mar 18, 2021 18:58 AM

        I will agree with you as to who the players are in the futures, that is no secret. I use to think the price of gold was manipulated for confidence reasons, but I no longer think as much.
        Sach posted a chart this week end that was something I have been looking for a long time.
        The correlation as to gold and the 10 year tips yield cannot be denied.

      CFS
      Mar 18, 2021 18:44 AM

      The is no free market in gold and silver. Prices are short term controlled by global banking including central banks.
      This has been the case forever, except for a limited ewlease of control after 1971 to allow the gold price to rise closer to reality (the cost of mining).
      While control WILL NEVER END, it is possible, in the case of silver, it will be relaxed in order to reduce future imminent shortages.

      Precious metals themselves are a place to conserve purchasing power. NOT A PLACE TO GET RICH.
      Mining companies allow speculation.

        Mar 18, 2021 18:11 AM

        Conserve purchasing power, I would agree with that one……
        I will think about the rest of the comment……. 🙂

        Mar 18, 2021 18:25 AM

        Time for a change. Corruption should never be tolerated. Just a personal view about crime.

    Mar 18, 2021 18:26 AM

    (EXN) Excellon Reports 2020 Annual and Fourth Quarter Financial Results

    @newswire on 17 Mar 2021

    Q4 2020 Financial and Operational Highlights (compared to Q4 2019)

    – Revenues increased by 41% to $9.0 million (Q4 2019 – $6.4 million)
    – Gross profit improved to $1.6 million (Q4 2019 – loss of $0.6 million)
    – Silver production increased by 37% to 355,581 oz (Q4 2019 – 259,282 oz), exceeding Q3 2020 as the strongest quarter of silver production since Q2 2014
    – All-In Sustaining Cost (AISC) per silver ounce payable decreased 21% to $21.19 (Q4 2019 – $26.76)

    https://ceo.ca/@newswire/excellon-reports-2020-annual-and-fourth-quarter-financial