JDS Mining & Energy Inc. to Study the Potential of Underground Mining at the Elk Gold Project

VANCOUVER, BC / ACCESSWIRE / March 22, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company" ) (TSX.V:GMTN)(Frankfurt:5XFA) is pleased to announce that after completing several trade-off studies, JDS Mining & Energy Inc. ("JDS") 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 recent drilling encountering deeper vein extensions and JDS's trade-off study recognizing a case for transitioning to a potential open pit-underground hybrid mine plan, a very clear path is forming to showcase the Elk Gold Project's long-term expansion potential from both a resource and production perspective," commented Gold Mountain's CEO, Kevin Smith. "Over 118,000 ounces of our richest mineralization is beneath the current PEA pit shell. This latest underground concept allows us to consider those well-defined ounces and reduce the project's overall strip ratio to continue chasing the deep, high-grade mineralization at the Elk".