Gold Mountain Mining Corp. is pleased to report its second quarter FY2023 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three and six months ended July 31, 2022, are available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars , unless otherwise noted. "Since acquiring the project [...]
Gold Mountain Mining Corp. reports its first-quarter 2022 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three months ended April 30, 2022, is available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars , unless otherwise noted. Highlights Gold Mountain achieved $3,706,423 in [...]
Gold Mountain Mining Corp. is pleased to announce that it has closed its previously announced bought deal public offering of 14,800,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $18,500,000. In connection with the Offering, Eight Capital acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Research Capital [...]
Gold Mountain Mining Corp. announced today that it has entered into an amended agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 14,800,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $18,500,000. Each Unit consists of one common share [...]
Gold Mountain Mining announced today that it has entered into an agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,600,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $12,000,000. Each Unit consists of one common share in the capital of [...]
Gold Mountain Mining Corp. is pleased to announce it has intercepted additional mineralization at the Elk Gold project during its Phase lll drill campaign in the Siwash North Zone. Highlights: Drilling highlights include: 1.50 m grading 42.39 g/t Au including 0.30m of 207.00 g/t Au 2.31 m grading 18.90 g/t Au including 0.43m of 101.00 g/t Au 1.60 m grading 26.03 g/t Au including 1.09 m of 38.20 g/t Au 1.17 m grading 16.46 [...]
Gold Mountain Mining is pleased to announce it has received payment for its first-month of ore delivery to New Gold Inc.'s New Afton Mine . Highlights: Following its first month of production, Gold Mountain received $548,862 for ore delivered in February. After utilizing its low-grade stockpile to put the sampling plants at both sites into operation. Gold Mountain has begun delivering high-grade ore from the 1300 vein [...]
Gold Mountain Mining Corp. is pleased to announce the discovery of a new high-grade gold system in the Elusive Zone, located 5km southwest of the Siwash North gold resource, both part of the Company's 100% controlled Elk Gold Project. These diamond drill intercepts confirm the presence of multiple high-grade zones at the Elk Gold property, further illustrating the robust exploration potential and scalability of the [...]
Gold Mountain Mining is pleased to announce that it has completed its first delivery of ore to New Gold Inc.'s New Afton Mine in Kamloops, BC located 133 km from the Elk Gold Mine. Highlights: Following the extended provincial review and approval of New Gold's custom milling permit, the Company is now positioned to deliver high-grade ore to accommodate its Year 1 production profile. The material was mined from the 1300 [...]
Gold Mountain Mining is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase 2 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: 806,000 oz of Measured [...]
Gold Mountain Mining Corp. is pleased to announce the Company hit one of the widest intercepts ever recorded at the Elk Gold project during its Phase II, Siwash North drill program. Highlights: Drilling Highlights Include: 2.4m grading 20.2 g/t Au including 0.4m of 127.0 g/t Au 1.3m grading 6.87 g/t Au including 0.3m of 28.6 g/t Au 1.3m grading 4.48 g/t Au including 0.3m of 19.4 g/t Au 1.3m grading 4.25 g/t Au including [...]
Gold Mountain Mining Corp. is pleased to announce additional assay results from its Siwash North portion of its Phase II drill program at the Elk Gold Project. The Company continues to uncover high-grade mineralization along its well-established vein systems near the project's open pits, which show strong grade continuity and openness on strike and at depth throughout the Siwash North zone. Drilling Highlights Include [...]