GOLD: Bulk sampling resumes at Elk pit

BRITISH COLUMBIA – Gold Mountain Mining Corp. has resumed bulk sampling of open pit material at its Elk gold property near Merritt. The program will confirm pit parameters as outlined in the preliminary economic assessment.

Up to 10,000 tonnes of material will be removed. The grade is expected to be similar to the 13.8 g/t Au in the 2012 bulk sample. The earlier program provided 500 tonnes of material that was processed in 2013. A gold recovery of 97.88% was achieved, and similar recovery is expected from the current sample.

Gold Mountain expects to sell 4,000 oz of gold when sample is processed, putting it into a positive cash flow position.

The Elk deposit is comprised of multiple high grade gold veins hosted by intrusive and volcanic rocks. Gold is hosted by pyritic quartz veins, which occur as multiple stacked arrays, generally trending east-west and dipping shallowly to the south, making them potentially amendable to open pit mining. The veins are narrow but high grade, with gold assays ranging from 1 g/t to 400 g/t over 20- to 40-cm widths.

Additional information is available at AuMtn.com.