BRITISH COLUMBIA – Gold Mountain Mining Corp. of Vancouver continues to drill at its Elk gold project near Merritt as it upgrades the existing resource. The company says that the mineralization potential continues to the west and southeast of the outlined resource area.
The current NI 43-101 resource, based on drill data available to 2009, stands at 200,000 measured tonnes at an average grade of 8.77 g/t Au (for 55,000 oz contained) and 2.00 million indicated tonnes grading 3.82 g/t Au (245,000 oz), plus 1.15 million inferred tonnes at 7.13 g/t Au (263,000 oz) using a cut-off grade of 0.5 g/t Au.
Gold Mountain is taking a bulk sample from an area 130 metres east of the historic pit. Drilling there cut three or four high grade sub-parallel quartz veins carrying grades up to 88.8 g/t Au and 121 g/t Ag over a 50-cm sample interval.
The company is also drilling at the southeast extension to extend the known mineralization of the Siwash North deposit. Both low grade (7.88 g/t Au and 3.60 g/t Ag over 0.28 metres) and high grade (26.00 g/t Au and 24.20 g/t Ag over 0.31 metres) were intersected. The far west extension was also drilled, but results were not good enough to warrant further drilling in that area.
The Gold Mountain presentation at AuMtn.com contains details of the Elk gold project.