Gold Mountain to Begin Mine Construction

VANCOUVER, BC / ACCESSWIRE / April 30, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company" ) (TSX.V:GMTN, OTCQB:GMTNF, Frankfurt:5XFA) is pleased to announce that it has received its Notice of Departure ("NoD") to begin mine construction at its 100% owned Elk Gold Project located near Merritt, BC. The Company anticipates construction to begin in May 2021 and is the first major operating catalyst to ore delivery in Q4 2021.

Highlights

  • On April 29, the Company received authorization from the Ministry of Mines to begin construction and upgrades required to put the mine back into production.
  • This milestone is inline with the Company's Q2 forecast and is a major catalyst to preparing the site for ore mining and delivery.
  • The Company has resolved the remaining Information Requests from the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI") and the Ministry of Forests, Lands, Natural Resource Operations and Rural Development ("FLNROD").
  • Once all Information Requests have been accepted, it is anticipated the Permit Amendment will be sent up for final approval.