Gold Mountain Updates Mineral Resource Estimate at the Elk Gold Property

VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX.V:GMTN, OTCQB:GMTNF, Frankfurt: 5XFA) 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 Measured & Indicated Resources at 6.1 g/t Au and 159,000 oz of Inferred resource at 4.8 g/t Au.
  • The updated resource estimate represents an increase of 43% of Measure and Indicated ounces and 67% of inferred ounces.
  • This update to the mineral resources followed the Company's successful $1,900,000 Phase 1 drill program that consisted of 8,739 metres of diamond drilling where all 41 holes hit mineralization.