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Gold Mountain Mining Corp.
Summary
| Project: | Elk | |
|---|---|---|
| Deposit: | Elk | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2016: Gold Mountain Mining Corp. announces a Resource Estimation report for its Elk deposit at the Elk project. Updated mineral resource estimation for Elk gold project. This report titled “Technical Report on Resources of the Elk Gold Project, Merri | |
| Resources: | (Resource): 1.043Mt @ 6.32g/t Au (M+I) and 1.097Mt @ 5.94g/t Au (Inf.) | |
| CP/QP: | [Resources]: Gary Giroux, Antonio Loschiavo (Giroux Consultants Ltd.;AKF Mining Services Inc.) | |
| ABSTRACT: | This report titled “Technical Report on Resources of the Elk Gold Project, Merritt, British Columbia” (the Technical Report), presents the results of an updated resource that incorporates additional drilling completed on the property since 2007. Additional diamond drilling was completed in 2010, 2011, and 2012 along with a bulk sample program which was completed in 2014. This new information on the mineralization provides the basis for new resource estimates for the Elk Project. The Elk Project (the Elk Property or the property) is located in south central British Columbia, Canada approximately 325 km northeast of Vancouver and 55 km west of Okanagan Lake, midway between the cities of Merritt and Kelowna. The property is within the Similkameen Mining District and consists of 27 contiguous mineral claims and one mining lease which in total cover 16,566 ha. Gold Mountain has a 100% interest in all claims subject to a 2% NSR. A further 1% NSR is payable on production from the Agur Option block, located approximately 4 km south of the previously mined Siwash North zone. Bulk sample mining operations on the mining lease is permitted under Small Mines Permit M-199, first issued in 1995 and as amended in 2012. | |
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