Gold Mountain Mining Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase on a bought deal basis 3,572,000 hard dollar units at a price of $2.10 per Unit and 1,090,000 flow-through dollar units at a price of $2.31 per Unit, for total gross proceeds of $10,019,000 . Each FT Unit [...]
Gold Mountain Mining Corp. is pleased to announce that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office has released the Company's draft Mine Permit for review. "We were told our permitting timelines were aggressive since going public on December 31, 2020. Receiving this draft permit is a testament to the management team's ability to execute and maintain our ambitious schedule," said Kevin [...]
Gold Mountain Mining Corp. is pleased to announce that it has successfully executed three Memorandum of Understanding's with surrounding Indigenous communities, establishing a process for ongoing engagement towards social and economic collaboration. "By taking an inclusive approach since we acquired the project, we continue to build a strong foundation with surrounding Indigenous communities and governments," stated Kevin [...]
Gold Mountain Mining Corp. is pleased to announce an updated preliminary economic analysis of the Elk Gold Project. The update is based on the increased Mineral Resource Estimate announced on May 14, 2021, the Ore Purchase Agreement with New Gold Inc. announced on January 26, 2021 and the Mining Contract with Nhwelmen-Lake LP announced on January 19, 2021. An updated preliminary economic assessment will be filed on the [...]
Gold Mountain Mining Corp. is pleased to announce it has made the first $3,000,000 property payment to Equinox Gold Corp. with respect to the acquisition of the Elk Gold Project. The Company acquired the Elk Gold Project for $10,000,000 from Equinox for a $1,000,000 cash deposit and $9,000,000 interest free loan. The initial May 16th 2021 payment is a major milestone as it was perceived as one of the greatest risks [...]
Gold Mountain Mining Corp. is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase1 drill program at the Elk Gold Project. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Highlights: Gold Mountain increases its resource estimate at its flagship Elk Gold Project to: 651,000 oz of [...]
Gold Mountain Mining Corp. is pleased to announce it has received its Notice of Work permit, allowing it to expand its 2021 exploration program at its 100% owned Elk Gold Project. The NoW permits Gold Mountain to continue chasing it's deep, high-grade mineralization while exploring additional satellite zones throughout the property. Highlights: Gold Mountain receives authorization for an expanded Phase 2 exploration [...]
Gold Mountain Mining Corp. is pleased to announce that it has received its Notice of Departure to begin mine construction at its 100% owned Elk Gold Project located near Merritt. The Company anticipates construction to begin in May 2021 and is the first major operating catalyst to ore delivery in Q4 2021. Highlights On April 29, the Company received authorization from the Ministry of Mines to begin construction and [...]
Gold Mountain Mining Corp. is pleased to announce results from the Company's latest drill hole intercepts located at its 100% owned Elk Gold Project located near Merritt. These assay results extend known high-grade mineralization of the 2600 and 2700 vein systems and showcase near-surface gold grades consistent with the Company's successful deep drilling results announced on April 14th, 2021. Additionally, the Company's [...]
Gold Mountain Mining is pleased to announce that after successfully completing the application process it has been approved by FINRA for quotation in the U.S. The Company's common shares began being quoted on the OTCQB today, April 15, 2021, at the opening of the market under the stock symbol "GMTNF" and will remain listed on the TSX Venture Exchange under the ticker symbol "GMTN." The Company has also completed the [...]
Gold Mountain Mining Corp. is pleased to announce gold results from the Company's down-dip portion of its Phase 1 drill program at its 100% owned Elk Gold Project located near Merritt. These high-grade assay results continue to expand known veins down dip indicating a clear path growth of the project. Highlights: Assay results from down-dip drilling confirm the presence of high-grade vein extensions: SND20-029 intercepted [...]
Gold Mountain Mining Corp. is pleased to announce that after completing several trade-off studies, JDS Mining & Energy Inc. has concluded that the Prefeasibility Study should include a component examining underground mining at the Company's 100% controlled Elk Gold Project. "Our ability to demonstrate resource and mine plan scalability has been a recurring theme in our conversations with institutional investors. With [...]
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