Gold Mountain Mining – Graduation To A Producer – The First Payment From The First Month Of Ore Delivery From The Elk Gold Project Has Been Received
Kevin Smith, CEO of Gold Mountain Mining (TSX:GMTN – OTCQB:GMTNF), joins us to discuss the successful graduation to a producing gold Company, as they have received their first payment for the first-month of ore delivery from the Elk Gold Project in British Columbia, processed at New Gold Inc.’s New Afton Mine. We reviewed the expected production metrics for 2022, and plans to grow the production from other satellite deposits being explored and expanded.
We then shift over to the ongoing Phase 3 exploration program that has hit high-grade intercepts at both the new Elusive Zone target, and also from continued drilling at the Siwash North area. After 30,000 meters of drilling from the first 3 Phase programs since late 2020, the exploration work to date has proved there is significant untapped mineralization within the Elk’s 21,000 hectare land package. Once all the Phase 3 drill results are completed and the assays are returned then the company will be updating the mineral resource estimate, with a goal to get it over 1 million ounces of gold, before working on the Pre-Feasibility Study later in the year. The company already has plans and budget to kick off the 20,000 meter Phase 4 drill program this spring.
If you have any follow up questions for Kevin regarding Gold Mountain Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.