This Company Just Struck Pay Dirt At Prolific “Elk Gold Project” with a Discovery that Could Be One of the Biggest Finds in Decades!

Sponsored Content By: Gold Mountain Mining Corp.
8:53 4/20/2021

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Gold Mountain Mining Corp. is developing and drilling the Elk Gold Project in B.C. – a past producing HIGH GRADE gold mine!

Billionaire Eric Sprott has claimed that gold equities are “the investment opportunity of [his] lifetime.”

Gold rallied 30% in 2020 to produce its strongest annual return since the financial crash of 2008!



One of the Biggest Gold Discoveries on This Planet May Be Right Under the Drills of Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) and the Company is Flying Currently Under the Radar!







Multiple intercepts yielding incredible gold and silver mineralization have been reported...

Gold Mountain Receives Draft Mining Permit from the Ministry of Mines

(Released June 8, 2021)

Latest Press Release

As much as 10-x higher than cut-off grades!

The company had previously disclosed half-million-ounce gold equivalent resource...

Now could be the best time to have Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) on your radar as the company works towards gold and silver production THIS YEAR!




Top Reasons to Be Watching the Company:

  1. Independent (NI43-101) analysis puts the company’s pre-exploration net present value at $212 million...
  2. A recent $10 million private placement locked down capital resources for advanced exploration, resource development and commencement of mining activity by Q4 2021...
  3. JDS Mining, one of the world’s largest mine development and engineering companies is already on site doing pre-feasibility work....

Greetings Investors,


Now may also be one of the best times to keep an eye on the gold space as the metal is coming off an amazing year.

Gold rallied 30% in 2020 to produce its strongest annual return since the financial crash of 2008!

Hitting just under $2,100 an ounce, gold was the second-best performing asset class of 2020. The metal's rally even outshined the rally that the tech heavy Nasdaq Composite Index experienced!




Gold Mountain Announces $10.0 Million Bought Deal Private Placement Financing

(Released June 8, 2021)

Latest Press Release








Billionaire Eric Sprott made his epic claim to fame by investing hundreds of millions of dollars into junior mining companies. He is the biggest gold enthusiast in Canada and believes these companies could be on the verge of striking the motherlode!

He has said once that gold equities are "the investment opportunity of [his] lifetime.” (Source)

There's a further bullish outlook for gold with Leigh Goehring, the managing partner at Goehring & Rozencwajg Associates, expecting gold's price to push to $3,000 an ounce. (Source)

Goehring said in an interview with Kitco News, “2021 will be the year that investors believe that there is going to be a return of inflation. We haven’t experienced anything like that for 40 years. At some point in 2021, it will happen. This is when the next leg of the bull market will take off."

With all this said, exploration companies on the threshold of major discoveries can yield stunning gains when you catch them early. Especially if the metal is in demand!

For example, Kodiak Mining shot up over 600% after its Canadian gold and copper discoveries!

Gold Mountain’s promising Elk Gold Project lies in the prolific mining region of B.C Canada, one of the safest political jurisdictions for mining in this world!

The industry is valued at $12B and it has one of the shortest shipping routes from North America to Asia, minimizing transportation costs for gold concentrate sales to China and Japan.

JDS is one of the biggest, most respected mine engineering firms in the world. It now has dozens of mining operations underway worldwide, covering North and South America as well as Africa and Australia. Don’t overlook what this means.

Resource investors follow JDS like hungry puppy dogs looking for early-entry opportunities.

See the full stock chart here...

Their presence on the Gold Mountain project indicates something big may be on the way, and that makes this an especially urgent opportunity!



Could Gold Mountain Mining be on the brink of a breakout?


More Reasons to Put Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) at the Top of Your Immediate Watch List:

  • A strong cash positive position... The company recently closed a $10M oversubscribed private placement and announced a $5M brokered private placement! This means there’s money to spend and no time to waste. Drills are already in the ground!
  • While many mines are in remote areas and require extensive infrastructure investments, the Elk Gold project is cost effective as it is only 2km from all-season Highway 97C and adequate lodging!
  • The recent add of seasoned mining veteran Dr. Quinton Hennigh to the company’s Advisory Board. Dr. Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining and is currently President and Chairman of Novo Resources Corp!
  • Phase 1 of drilling at Elk Gold has recently been completed and now it’s on to Phase 2! This could be the biggest phase yet and could be the catalyst to getting the stock noticed!
  • Key partnerships... The company has secured world-class toll milling partners in New Gold Inc. and Nhwelmen-Lake LP!

Keep Reading to See Why Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) May be the Gold Stock of 2021!



We are excited to introduce you to:



https://gold-mountain.ca/

Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) is developing and drilling the Elk Gold Project in B.C. – a past producing HIGH GRADE gold mine!



The company has cash on hand, drills in the ground, and is already moving on to phase 2....

Plus, they recently added world renown economic geologist Dr. Quinton Hennigh on board.

See the full stock chart here...

This is the man who led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was sold in 2015 to First Mining Gold Corp!

Now may be one of the most opportunistic times to be watching the company as their story unfolds in the prolific mining region of British Columbia, Canada....

"With drills turning and a clear path to production, we look forward to continuing to build shareholder value by developing B.C.'s next high-grade gold mine."

- CEO Kevin Smith







The Elk Gold Project




It was in September of 2020 that the company acquired Bayshore Minerals, with 100% ownership of the Elk Gold Project - a past producing mine located approximately 57 km from Merritt, BC.

The claims and leases comprising the project cover over 16,000 hectares offering both exploration upside and a clear path to near term production.

The proposed multi phase production plan will see a Phase 1 – 19,000 Oz. production profile beginning in Q4 2021, which will fund the company's proposed ramp up to 50,000 Oz. by 2025!

Concurrently with developing the mine, company management plans to continue drilling the nine known high grade mineralized zones, while continuing to explore other areas showing exciting potential.

What also makes this so promising is that Gold Mountain has a half million ounces of gold resources already located...yet the company’s stock still trades at roughly one-third of the pre-tax net present value (NPV) of those resources.

That valuation comes directly from an independent 43-101 report filed last year!

The stock has been steadily rising since...

See the full stock chart here...

On 10/31/2020, Gold Mountain Mining was trading at 46¢ Canadian. As of 3/31/21, shares hit $1.28!




Highlights of the Property



  • n the Merritt area of British Columbia, Canada - 2.2 km from all-season highway and the Elkhart Lodge - commercial card lock gas station, diner and motel
  • A massive 16,716 hectares (41,306 acres) land package
  • A past producing high grade Gold Mine - 127,069m of historic drilling, extensive geochemical and geophysics programs


Mineral Resource / PEA

NI 43-101 mineral resource:

  • Measure and Indicated – 454,000 AuEq ounces*
  • Inferred – 95,000 AuEq Ounces*
  • PEA contemplates a 50,000 ounce per year mine plan by Year 4*
  • PEA results in a Post-Tax NPV of $191M*
  • Low Op Ex / Cap Ex*
  • CA$6.9M start up CapEx
  • CA$26M Expansion CapEx
  • AISC US$735/oz

See the full stock chart here...

Abundant Exploration

Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) has abundant opportunities for major discoveries!










To provide perspective over the abundance of valuable minerals being found in the Elk Gold region, the nearby Brenda Mine prolifically produced over decades, totaling:

  • 278,000 tonnes of Copper
  • 66,000 tonnes of Molybdenum
  • 125 tonnes of Silver
  • 2 tonnes of Gold

Source: https:// www.brendamines.ca/ en/history/ Pages/default.aspx

Elk Gold Mineral Resource remains open in both directions along strike and down-dip and there are 8 other established gold zones with drill results that indicate additional potential for discovery:

  • $3M drill program across 4 zones to delineate further resources and add to exploration targets
  • Exploration targets up to 638,000 ounces with grades between 2.13 g/t and 4.26 g/t

Could the Elk Gold Project Put This Stock On The Map?



Location:

  • Located between Kelowna and Merritt BC
  • Commuting distance – No camp required
  • 2km off all season highway and the Elkhart Lodge – future commercial cardlock gas station, diner and motel.

Ready to Expand:

  • Siwash zone has resource estimate – open at strike and depth
  • Eight other zones all showing similar grades and structure
  • $3,000,000 targeted Multi Phased Drill Program
  • 16,716 Hectare Land Package

Turn Key Operation:

  • 2 established pits with gold on surface
  • Ore stockpile pad
  • Water management infrastructure in place
  • 127,069m of historic drilling ($30m to replace)


Geology - Regional Overview

  • The Elk Gold Project is host to a gold-bearing mesothermal quartz + sulphide vein deposit.
  • High grade gold veins hosted by intrusive and volcanic rocks.
  • Gold mineralization occurs within structurally controlled pyritic quartz veins.
  • The mineralized veins strike east-west and occur along the discontinuity between the Nicola volcanic group and the Osprey Lake Batholith.

See the full stock chart here...








On top of the 500,000 ounces in known resources, the exploration potential at the Elk Gold Project could yield millions more ounces in future discoveries, plus other metals like silver, molybdenum, and copper.

This is where enormous growth potential resides...

Geologists and the investors behind Gold Mountain believe much more remains to be discovered at the Elk Gold Project site. Private investment has already put up $10 million to prove it!




DRILL RESULTS

On March 11th, the company announced initial results from the Phase 1 exploration program at the Elk Gold Project.

The initial assay results incrementally expand the strike of known mineralized zones beyond the current resource model.




Highlights



The initial gold results from Phase 1 drilling incrementally expand the strike of known mineralization which infills and steps-out from the current resource model. Drill results include the following:

  • SND20-004 intercepted 1.5m averaging 7.3 g/t Au (including 0.30m averaging 21.7 g/t Au)
  • SND20-001 intercepted 1.3m averaging 7.2 g/t Au (including 0.30m averaging 30.5 g/t Au)
  • SND20-020 intercepted 1.3m averaging 5.1 g/t Au (including 0.30m averaging 22.1 g/t Au)









Relogging and sampling program uncovered a new vein intercept in historic hole:

  • SND11-132, yielding 1.2m averaging 52.3 g/t Au (including 0.30m averaging 216 g/t Au)
  • Current drilling targets down dip continuations of mineralization. Visual indications from recent diamond core intercepts suggest promise for significant mineralization.

The full results are as follows:




Massive Sulphide Mineralization from the 1300 Vein!








“”Management has a goal of driving this resource to a million ounces and beyond. We plan to accelerate our relogging program, given the newly discovered 216 g/t intercept, and commence Phase 2 of our drill program as soon as Phase 1 is complete. Initial drill results are validating our thesis that gold mineralization can be predictably expanded at the Elk Gold Project. Having built a detailed geologic model utilizing over 127,000m of historic drillhole data, we are able to focus our drilling to add ounces in a cost-effective manner. The drill is now targeting high-grade zones below the current resource, and we're encouraged by visual indications to date.

—  Gold Mountain's CEO, Kevin Smith

RECENT DEVELOPMENTS




Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) has added renowned economic geologist Dr. Quinton Hennigh to its Advisory Board!

See the full stock chart here...

Early in his career, Dr. Hennigh explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation!

He then joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies, including Gold Canyon Resources Inc., where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was sold in 2015 to First Mining Gold Corp!

With Hennigh on board, Could TSX.V: GMTN Be Ready for Big Moves?

Dr. Hennigh was also instrumental in Kirkland Lake Gold's acquisition of the Fosterville gold mine, which is located in Australia and was previously owned by Newmarket Gold Inc.!

“A few years ago, I undertook a detailed review of the Elk high grade gold project. The vein system not only displays remarkable gold grades but strong persistence along strike and at depth. Geophysical data, particularly magnetic, indicates excellent potential to extend known veins along strike as well as target new veins. It is unusual to find an advanced project already on a fast track toward production that also displays strong exploration upside. I look forward to working with Gold Mountain's team to expand this remarkable high grade vein deposit.”

“When I reviewed the Elk Gold Project a few years ago, it was clear that the mineralization improved at depth. Developing an underground scenario was something that I encouraged management to consider during our initial conversations. After conducting a number of trade-off studies, JDS has concluded it is worthy to undertake a study of an underground mine plan to complement the open-pit scenario. This adds a new exciting dimension to the Elk Gold Project and I look forward to working with Gold Mountain's technical team to continue maximizing the value of this high-grade asset.”

—  Gold Mountain’s Advisor, Dr. Quinton Hennigh

Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) has entered into an Ore Purchase Agreement ("OPA") with New Gold Inc. ("New Gold") for a three-year term.




Highlights

  • Gold Mountain will deliver ore to New Gold’s New Afton Mine located 130km from the Company’s Elk Gold Project in Kamloops, British Columbia.
  • Pursuant to the OPA, New Gold has agreed to pay Gold Mountain in a timely manner based on the tonnes and grade of the ore delivered to the mill independent of when it’s processed.
  • The OPA provides the Company with an efficient path towards initial production following the receipt of necessary permits.Ore Purchase Agreement





Under the terms of the OPA, Gold Mountain will deliver 70,000 tonnes of ore per annum, approximately 200 tonnes per day, to the mill located at New Gold's New Afton Mine situated 130km from the Elk Gold Project, in Kamloops, British Columbia. The OPA has a term of three years, giving Gold Mountain sufficient time to scale its business accordingly.

The ore will be sampled and weighed at the Elk Gold Project site to determine the contained ounces of gold and silver being delivered to the New Afton Mine. Following delivery of the ore, New Gold will pay Gold Mountain at the end of each calendar month based on the value of the gold and silver in the ore, net of the agreed metallurgical recovery and concentrate selling costs. New Gold then has 17 days to deliver payment for the ore. The terms of the OPA mitigate the variance and volatility of operational throughput for Gold Mountain and allows the Company to avoid any risk of recovery.

“Signing the OPA with New Gold represents another key milestone and partnership for Gold Mountain. This agreement will help advance initial production at the Elk Gold Project by eliminating the time and capital required to build on-site infrastructure. We are confident in our ability to execute on our mine plan and deliver significant value for our shareholders.”

—  Kevin Smith, CEO of Gold Mountain

Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) has additionally signed definitive agreement with Nhwelmen-Lake LP for contract mining services at the Elk Gold Project.




Highlights

  • Gold Mountain will leverage the experience and expertise of Nhwelmen-Lake for mining and ore hauling services at the Elk Gold Property.
  • Nhwelmen-Lake will be paid a fixed price per tonne mined at a price that’s in line with the Company’s Preliminary Economic Assessment (the “PEA”) metrics over the first three years, which is determined based on the planned production rate, mined volumes, haulage distances and equipment productivity.
  • The Mining Contract is for the life of mine while the price schedule carries a three-year term and gives Gold Mountain confidence in its forecast and cash flow to scale the business efficiently.



MINING CONTRACT





The Mining Contract lays out a partnership that gives Gold Mountain certainty in its mining and ore haulage capital and operating costs. Nhwelmen-Lake will leverage its experience in mining operations to ensure that the Elk Gold Project is operated in a safe, efficient manner while protecting environmental and cultural resources.

The Mining Contract is for the life of mine while the price schedule carries a three-year term and gives Gold Mountain confidence in its forecast and cash flow to scale the business efficiently.

“The Nhwelmen-Lake partnership is a major milestone for Gold Mountain and its shareholders. Having an established mining contractor and solidifying a well-defined cost structure, is one of the key pieces necessary in order to confidently go into production. Creating thirty full time job opportunities to the various communities in our region allows us to root ourselves in the long-term development of the local economy.”

—  Gold Mountain's CEO, Kevin Smith

MANAGEMENT AND ADVISORS



KEVIN SMITH - CEO / Director

Entrepreneur with experience across a host of industries. Mr. Smith has extensive experience in organizing finance and construction of commercial and industrial development projects. Mr. Smith is currently the CEO/ Director of Gold Mountain (GMTN) and Polarity Minerals.

RONALD WOO - President

P.Eng, MBA COO for Rover Metals, Mining Engineer with over 20 years experience. Previously: Project Manager for Ledcor; Technical Services Manager for Western Coal Corp, Senior Mine Engineer for Hunter Dickinson.

BRAYDON HOBBS - CFO

B.A., CPA, CA - Mr. Hobbs is a professional accountant with 7 years experience. Former Manager at BDO Canada LLP. Previously with Woodbridge Homes as Director of Finance and with Deloitte UK LLP as Manager in Assurance - Private Markets.

GRANT CARLSON - COO

P.Eng - Mining Engineer with over 15 years experience, Previously Consultant with SRK and Mining Engineer with Taseko Mines Ltd.

ALEXANDER BAYER - General Counsel & Corporate Secretary

BA., LLB - Corporate and Securities Lawyer with over 15 years in the capital markets. Extensive experience as director and officer with mining companies operating at all stages of development. Principal of Bayer Law Corporation. Former Director of Azarga Uranium (AZZ.TO).

BLAKE STEELE - Independent Director

CPA, CBV - Experienced metals and mining executive – President and CEO of Azarga Uranium Corp (AZZ.TO) and Director of Azarga Metals Corp. (AZR.v) Formerly Director of Finance of SouthGobi Resources (1878.HK) (Ivanhoe Mines Group).

KEITH MINTY - Independent Director

P.Eng, MBA - Mining Engineer with 30 years experience. Currently Senior Vice President- Business Development, Stope Capital Advisors. Formerly Director of Asanko Gold (AKG.NYSE) and Auryn Resources Inc. (AUG.TO). Northern Miner’s Mining Man of the Year recipient in 2000. Director of FenixOro Gold (FENX.CN)

DAVID TAFEL - Independent Director

President, CEO and Director of Centurion Minerals Ltd. (CTN.v) Over 30 years of corporate structuring, strategic planning, financing and management experience. CEO and Director of Portofino Resources (POR.v) and Gold Mountain (GMTN)

HOWARD JONES - Independent Director

President of HJFC Corporate Development Inc. which sources and structures private transactions. Former Vice President of Corporate Development for Pembina Pipeline Ltd. Director of Gold Mountain (GMTN)

GERALD CARLSON - Director

PhD. P.GEO. - CEO and Director of Pacific Ridge Exploration Ltd. (PEX.V) and Director Almaden Minerals (AMM.TO). He is a past President of AMEBC and President of the Society of Economic Geologists Canada Foundation.

TOOKIE ANGUS - Advisor

PhD. P.GEO. - CEO and Director of Pacific Ridge Exploration Ltd. (PEX.V) and Director Almaden Minerals (AMM.TO). He is a past President of AMEBC and President of the Society of Economic Geologists Canada Foundation.

DANIEL KUNZ - Advisor

MBA, AA, P.Eng. - Executive Chairman of Prime Mining Corp. (PRYM.v). Director of Silver Bull Resources (SVB.TO). Former President/COO of Ivanhoe Mines Ltd. (IVN.TO) Mr. Kunz is credited with discovering and expanding the Oyu Tolgoi Deposit. Will support on the exploration of Elk Project.

DR. QUINTON HENNIGH - Technical Advisor

Dr. Hennigh is an economic geologist with 25 years of exploration experience who has obtained a Ph.D. in Geology/ Geochemistry from the Colorado School of Mines in 1996. He is a founder and current Chairman and President of Novo Resources Corp., which is exploring and developing gold projects in the Pilbara region of Western Australia, including its Beatons Creek, Karratha and Egina gold projects, the latter of which is under a joint venture with Japan’s Sumitomo Corporation.





THE BOTTOM LINE




With mining production scheduled for Q4 of 2021, Gold Mountain management projects it will generate sufficient free cash flow off gold sales to pursue aggressive development exploration into 2022.

This could be hugely significant for those reading about the company early on!

The exploration potential at the Elk Gold Project has only begun. This region in British Columbia is already well known for its potential for significant recoveries of gold, silver and other valuable metals.

Many of the prospects that abound in British Columbia have a solid history of exploration activity and resource calculation.

The Elk Gold project stands out, not just for its current resources, but for its history. Mining on the site dates back to 1992 when 51,000 ounces of gold was produced...worth nearly $100 million at today’s gold price. But in the 90s, gold traded under $390/ounce...roughly one- fourth what it trades at today.

Untold resources in gold were left in the ground as being uneconomical to produce.

With a massive $10 million private placement already on the books, everything is on track for gold revenue to begin flowing Q4, 2021!

Plus, with 500,000 ounces of gold resources in the ground, Gold Mountain is not likely to remain off-radar much longer!

Put Gold Mountain Mining Corp. (OTC:GMTNF | TSXV:GMTN) high on your watch list as the company moves on to Phase 2 of drilling!









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