Exploring and Growing Extremely Potential Gold Property in British Columbia
This Gold Mountain Mining profile is a part of a paid investor schooling marketing campaign.*
As Canada’s western-most province, British Columbia connects the enormous nation with the highly effective Pacific Ocean. As a result of the province occupies such a singular geographic spot, it’s house to nice oceanic sources and the right mixture of geological and mineral buildings.
For years, steel mining firms have been leveraging the province’s wealthy mineral historical past and numerous rock profile that dates again to tectonic plate formation. British Columbia has confirmed to be some of the thrilling treasured steel jurisdictions to discover, particularly for rising junior gold firms.
Gold Mountain Mining (TSXV:GMTN) is a BC-based exploration firm centered on growing the extremely potential Elk gold project in South-central British Columbia. Working out of such a secure and mining-friendly jurisdiction, the corporate is on a transparent path for fast-tracked growth of this shovel-ready, past-producing mine.
After buying the Elk gold property in Could 2019 from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX), Gold Mountain has been fast to start the exploration of this traditionally affluent asset. With over two centuries of mining historical past, British Columbia has seen over 32 million ounces of gold manufacturing from lode deposits alone. Each the sturdy numbers and one hundred pc possession means the Elk gold mission is well-positioned and will generate a big yield and money stream.
The property’s geological profile consists of high-grade gold veins with widespread gold mineralization. Earlier drilling and surveying campaigns have additionally pointed to highly-prospective mineralized zones which can be prepared for growth.
Gold Mountain occupies a singular spot within the bullish gold market as a junior pure gold firm working a shovel-ready mission with sturdy near-term economics. The energetic group has laid out structured timelines and offered traders with an entry alternative on the early growth of this flagship mission. Mining permits are anticipated to be achieved within the latter a part of 2021, and the corporate is already conducting exploratory campaigns to get a head-start on revealing what the Elk gold property has to supply.
Two years after the property acquisition, Gold Mountain has up to date the environmental baseline work of its 500,000 ounce useful resource and efficiently raised C$4.7 million to pursue its main 7,000 meter drill program. The developmental timeline anticipates allow approval, a PEA/Useful resource replace and important income manufacturing that might doubtlessly attain over C$35 million within the upcoming years.
The corporate’s capital construction is agency and has a powerful monetary free money stream basis. As it’s within the early phases of growth, it’s centered on working lean operations to keep away from dilution and attain worthwhile manufacturing. That is additionally made attainable with the tight-knit and numerous shareholder base, together with administration and insiders, who maintain 35 p.c of the corporate.
Gold Mountain Mining’s administration group includes progressive and skilled veterans within the mining, useful resource and capital market industries.
Gold Mountain’s deeply related and progressive minds have positioned the corporate for short-term and long-term successes with the execution of proposed growth and exploration plans.
Gold Mountain Mining’s Firm Highlights
- Gold Mountain Mining is a BC-based exploration firm centered on growing its extremely potential flagship Elk gold mission in Merritt, BC.
- In Could 2019, the corporate acquired the Elk gold mission from Equinox Gold. The corporate now has one hundred pc curiosity possession of the asset.
- The Elk gold mission website is shovel prepared and close to main useful resource and workforce networks in South-central British Columbia.
- Gold Mountain Mining is at the moment working to advance a C$3 million drill program throughout 4 zones and develop potential targets.
Gold Mountain Mining’s Key Mission
Elk Gold Mission
The Elk gold mission is an enormous 16,716 hectare land package deal that features a historic past-producing high-grade gold mine and wonderful infrastructure. Positioned close to Merritt, British Columbia, the mission website has been a number to historic drilling, geochemical surveying and superior geophysical programming. The strategic positioning provides the corporate entry to an all-season freeway, expert workforce and pure useful resource networks.
The property has open entry to mission sources in each instructions alongside the strike and down-dip and has eight different established gold zones primed for main discovery alternatives. The corporate at the moment intends to advance a C$3 million drill program throughout 4 zones to delineate additional sources and add to exploration targets. Potential exploration targets measure as much as 638,000 ounces with grades between 2.13 g/t and 4.26 g/t gold.
Gold Mountain expects to ship allow acquisition and start preliminary manufacturing inside 12 months. Long run objectives for the mission embody increasing multi-pit mining operations. Gold Mountain is working to get a toll mining settlement prepared in 2021 and has positioned the mission for continued manufacturing, growth and important income development.
Gold Mountain Mining’s Administration Workforce
Kevin Smith, CEO & Director
Kevin Smith is an entrepreneur with expertise throughout a number of industries. Smith has intensive expertise in organizing finance and development of business and industrial growth initiatives. He’s additionally at the moment the CEO/Director of Polarity Minerals.
Ronald Woo, President
Ronald Woo holds a P.Eng and MBA and is a mining engineer with over 20 years of expertise. Beforehand, Woo held the place of COO for Rover Metals, mission supervisor for Ledcor, technical companies supervisor for Western Coal Corp and senior mine engineer for Hunter Dickinson.
Braydon Hobbs, CFO
Braydon Hobbs holds a B.A., CPA and CA. Hobbs is knowledgeable accountant with seven years of expertise. He labored as a supervisor at BDO Canada LLP, and earlier than that he labored with Woodbridge Houses as director of finance and with Deloitte UK LLP as a supervisor in assurance – Personal Markets.
Grant Carlson, COO
Grant Carlson holds a P.Eng and has been a mining engineer with over 15 years of expertise. Prior, Carlson has been a advisor with SRK and a mining engineer with Taseko Mines Ltd.
Alexander Bayer, Basic Counsel & Company Secretary
Alexander Bayer holds a BA. and LLB. He has been a company and securities lawyer with over 15 years within the capital markets sector. Bayer has intensive expertise as director and officer with mining firms working in any respect growth phases and is at the moment the principal of Bayer Legislation Company.
*Disclaimer: This profile is sponsored by Gold Mountain Mining (CSE:NPA). This profile supplies info which was sourced by the Investing Information Community (INN) and accepted by Gold Mountain Mining in an effort to assist traders study extra concerning the firm. Gold Mountain Mining is a consumer of INN. The corporate’s marketing campaign charges pay for INN to create and replace this profile.
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The data contained right here is for info functions solely and isn’t to be construed as a suggestion or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly out there regarding the firm. Prior to creating any funding determination, it is suggested that readers seek the advice of straight with Gold Mountain Mining and search recommendation from a certified funding advisor.