GOLD: Gold Mountain receives effluent discharge permit for Elk project

BRITISH COLUMBIA – Gold Mountain Mining of Vancouver has received the effluent discharge permit that allows it to passively release ground and rain water that accumulate in the two bulk sample pits at its Elk gold project near Merritt. The permit was issued by the BC Ministry of Environment. The permit specifies the location and frequency of water quality and other sampling that will is done to ensure the water leaving the mine area remains within the provincial guidelines for the protection of aquatic life. The bulk sample permit allows Gold Mountain to remove 4,000 bcm³ of mineralized material, and so far 2,440 bcm³ have been mined. The sample was taken east of the old Bonanza open pit and from underground. Sadly, the weak gold price has forced the company to put the Elk property on care and maintenance. Based on data available at the end of 2007, the Elk property contains 2.19 million measured and indicated tonnes grading 4.26 g/t Au plus 1.15 million inferred tonnes grading 7.13 g/t. Together the resource contains about 500,000 oz of gold. Visit AuMtn.com to see the corporate presentation and additional information.