| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Gold Mountain Mining Corp. |
| Project name: | Elk |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2.07m @ 51.15g/t Au from 192.28m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, BC, February 15, 2022, Gold Mountain Mining Corp. (“Gold Mountain” or the “Company”) (TSX:GMTN) (OTC:GMTNF) (FRA:5XFA) 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 project. The Company intercepted significant high-grade mineralization in the campaign’s first drill holes at its Elusive Zone, displaying visible gold and resembling the high-grade veins drilled at Siwash North. Additionally, hole SND-049 (see “Assay Results” table) intercepted a wide interval of disseminated mineralization, unique from the Elk’s renowned ultra high-grade, narrow veins that make up Gold Mountain’s current resource. These drill results, all from the southern region of the Elk Gold property, are extremely encouraging to Management, presenting a potential avenue to developing additional mineral resources and a clear path to upscale the project. |
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