Gold Mountain Mining – Reviewing development updates, drill results, updated gold resource and PEA
Kevin Smith, CEO of Gold Mountain Mining (TSX.V:GMTN – OTCQB:GMTNF) joins me to provide a comprehensive update for the Elk Gold Project in BC. We discuss the recent drill results, starting of a Phase 2 drill program, updated resource estimate, and PEA that was released today.
If you have any follow up questions for Kevin please email me at Fleck@kereport.com.
Click here for a summary of the recent news out of the Company.
Sounds good to me but LOMLF has gone down today. probably a good chance to buy…
Maple Gold Intersects 132 Metres of 1.58 g/t Gold in the Nika Zone at the Douay Gold Project
2021-05-26 07:32 ET – News Release
Vancouver, British Columbia–(Newsfile Corp. – May 26, 2021) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company”) is pleased to report results from the second hole of the recently completed 10,270-metre winter drill campaign at the Douay Gold Project (“Douay” or the “Project”) in Quebec, Canada. Douay is held by a 50/50 joint venture (the “JV”) between the Company and Agnico Eagle Mines Limited.
Highlights:
Drill hole DO-21-282X at the Nika Zone intersected 132 m of 1.58 g/t Au (from 185.5 m downhole), including 100.3 m of 1.76 g/t Au (from 185.5 m downhole) and 9.6 m of 5.49 g/t Au (from 247.6 m downhole). This result was within a broader envelope of mineralization that returned 195 m of 1.28 g/t Au (from 152 m downhole).
Nice to get the update from Gold Mountain here today, and they are moving along with development towards production in the not-so-distant future where they’ll be trucking the ore to the New Afton mine of New Gold (NGD), and basically just selling them their ore. The simplicity of this allows (GMTN) Gold Mountain to have very low costs, and no expensive capex, permitting, or mill construction to get into production, as they are are just mining, stacking, weighing, and trucking, to then get paid 17 days later. Brilliant.
Lion One Metals drills 6.47 m of 17.9 g/t Au at Tuvatu
2021-05-26 15:18 ET – News Release
Mr. Walter Berukoff reports
LION ONE ENCOUNTERS NUMEROUS HIGH-GRADE INTERCEPTS AT ITS TUVATU ALKALINE GOLD PROJECT
Lion One Metals Ltd. has released results from numerous shallow and deep high-grade drill intercepts from its 100-per-cent-controlled Tuvatu alkaline gold project, Fiji. Although the company now has all six of its drills operational, drilling is temporarily paused due to a COVID-19-related lockdown in Fiji.