Aiming To Becomes British Columbia’s Next High-Grade Gold And Silver Producer
Gold Mountain Mining Corp. (TSXV:GMTN, OTCQB:GMTNF) has received its Notice of Departure (NoD) approval from the Ministry Of Mines to begin mine construction at its 100% owned Elk Gold Project located near Merritt, British Columbia.
CEO, Kevin Smith, said the company anticipates construction to begin in May 2021 and is the first major operating catalyst to ore delivery in Q4 2021.
“Feedback from institutions has always been that our projected timelines are aggressive and might be difficult to achieve,” Mr Smith said.
“Receiving this Notice of Departure allows us to take the critical steps of upgrading our existing water management system, installing a weigh scale, as well as leveraging a gravel borrow to start stripping waste from our initial pit and repurpose it into aggregate needed to resurface roads throughout the property.
“By getting into construction early, we will be ready to hit the ground running once our various mine permit amendments are approved. Since acquiring this project, we were very clear about our intent to quickly put this mine back into production, with efficient deployment of capital.
“Management intends to continue maintaining our strong treasury, while pushing the pace of project advancement and delivering key milestones, week after week.
“With the snow on site nearly gone, our mine construction partner, Nhwelmen-Lake LP, has been notified to begin mobilising their equipment, in anticipation of developing BC’s next high-grade gold and silver producer.”
The NoD is an authorisation allowing the company to begin construction and site preparation at the Elk Gold Project under Gold Mountain’s existing M-199 mine permit.
The NoD includes permission for the Company to facilitate a “gravel borrow” at the Elk Gold Project. This authorisation allows Gold Mountain to begin waste rock mining operations where the material can be recycled and reused for road construction. With this permission, the company avoids the need to purchase and haul additional material to site, mitigating high capital costs, carbon emissions, and wasteful mining procedures.
Following the issuance of the NoD, Nhwelmen-Lake LP, the company’s mining partners, will begin mobilising the equipment needed to begin constructing roads, a site offices, support facilities and upgrading the projects water management system.
Meanwhile, Gold Mountain has continued to advance its Mine Permit amendment (with the necessary regulators to adhere to its aggressive timelines. permitting team is now cohesively working with the Ministry of Environment and Climate Change Strategy to address its final information requests for the receipt of the Effluent Discharge Permit.
Additionally, the company continues to emphasize and foster it’s relationships with Indigenous Communities in the region and has made significant progress in developing strong relationships. Gold Mountain looks forward to sustaining its rapport with the communities and building a working relationship built on transparency and respect.
Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a past-producing mine located 57 KM from Merritt in South Central British Columbia.