Gold may see further gains in 2021 [Image](?awt_a=1jS4A&awt_l=Dx3Vy&awt_m=hEhfzu.q1gvde4A) [Image]( Gold may see further gains in 2021 and now may be the time to be paying attention to the space and under the radar exploration companies such as Junior gold explorer Gold Mountain Mining Corp. (OTC: GMTNF). The company is developing the promising Elk Gold Project lies in the prolific mining region of B.C Canada, one of the safest political jurisdictions for mining in this world! The Elk Gold project stands out, not just for its current resources, but for its history. Mining on the site dates back to 1992 when 51,000 ounces of gold was produced...worth nearly $100 million at todayâs gold price. But in the 90s, gold traded under $390/ounce...roughly one- fourth what it trades at today. Untold resources in gold were left in the ground as being uneconomical to produce. Phase 1 of drilling at Elk Gold has recently been completed and now itâs on to Phase 2! This could be the biggest phase yet and could be the catalyst to getting the stock noticed! Other reasons to have Gold Mountain Mining Corp. (OTC: GMTNF) on your immediate watch list include a strong cash positive position... The company recently closed a $10M oversubscribed private placement and announced a $5M brokered private placement! This means thereâs money to spend and no time to waste. Drills are already in the ground! While many mines are in remote areas and require extensive infrastructure investments, the Elk Gold project is cost effective as it is only 2km from all-season Highway 97C and adequate lodging. Plus, the recent add of seasoned mining veteran Dr. Quinton Hennigh to the companyâs Advisory Board. Dr. Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining and is currently President and Chairman of Novo Resources Corp! Discover how GMTNF may be one of the best junior gold mining companies to learn about! We are excited to introduce you to: [Image]( [( Turn your attention to small-cap Canadian gold explorer Gold Mountain Mining Corp.! Canadian player Gold Mountain Mining Corp. (OTC: GMTNF) could be ready to shine as it develops the very promising Elk Gold Project in the prolific mining region of B.C Canada! [Image]( Now may be one of the most opportunistic times to be watching the company as their story unfolds in the prolific mining region of British Columbia, Canada.... Gold hit an all-time high of just under $2,100 an ounce in 2020. It was the second-best performing asset class of the year! [Image]( The metal's rally even outshined the rally that the tech heavy Nasdaq Composite Index experienced! Billionaire Eric Sprott made his epic claim to fame by investing hundreds of millions of dollars into junior mining companies. He is the biggest gold enthusiast in Canada and believes these companies could be on the verge of striking the motherlode! He has said once that gold equities are "the investment opportunity of [his] lifetime.â (Source: [( Could Gold Mountain Mining Corp. be sitting on such a motherlode? It was in September of 2020 that Gold Mountain Mining Corp. (OTC: GMTNF) acquired Bayshore Minerals, with 100% ownership of the Elk Gold Project - a past producing mine located approximately 57 km from Merritt, BC. The claims and leases comprising the project cover over 16,000 hectares offering both exploration upside and a clear path to near term production. The proposed multi phase production plan will see a Phase 1 â 19,000 Oz. production profile beginning in Q4 2021, which will fund the company's proposed ramp up to 50,000 Oz. by 2025! Concurrently with developing the mine, company management plans to continue drilling the nine known high grade mineralized zones, while continuing to explore other areas showing exciting potential. What also makes this so promising is that Gold Mountain Mining Corp. (OTC: GMTNF) has claimed that it has half million ounces of gold resources already located! Highlights of the Property: - In the Merritt area of British Columbia, Canada - 2.2 km from all-season highway and the Elkhart Lodge - commercial card lock gas station, diner and motel
- A massive 16,716 hectares (41,306 acres) land package
- A past producing high grade Gold Mine - 127,069m of historic drilling, extensive geochemical and geophysics programs Mineral Resource / PEA: NI 43-101 mineral resource: Measure and Indicated â 454,000 AuEq ounces* Inferred â 95,000 AuEq Ounces* PEA contemplates a 50,000 ounce per year mine plan by Year 4* PEA results in a Post-Tax NPV of $191M* Low Op Ex / Cap Ex* CA$6.9M start up CapEx CA$26M Expansion CapEx AISC US$735/oz GMTNF has abundant opportunities for major discoveries! To provide perspective over the abundance of valuable minerals being found in the Elk Gold region, the nearby Brenda Mine prolifically produced over decades, totaling: 278,000 tonnes of Copper 66,000 tonnes of Molybdenum 125 tonnes of Silver 2 tonnes of Gold Source: https:// [www.brendamines.ca/]( en/history/ Pages/default.aspx Elk Gold Mineral Resource remains open in both directions along strike and down-dip and there are 8 other established gold zones with drill results that indicate additional potential for discovery: - $3M drill program across 4 zones to delineate further resources and add to exploration targets
- Exploration targets up to 638,000 ounces with grades between 2.13 g/t and 4.26 g/t Could the Elk Gold Project Put Gold Mountain Mining Corp. (OTC: GMTNF) On The Map? Gold mining companies may start getting more and more attention as bullish targets on gold heat up. Wells Fargo recently reiterated their bullish stance on the metal with a target of $2,200 and said goldâs ââstrongest price rallyâ is on the way still. Gold Mountain Mining Corp. (OTC: GMTNF) is working on a promising project that has produced high grade gold in the past and may be on the verge of getting noticed. The company already has drills are in the ground.. lots of cash is in hand.. and a very big name in the mining sector has climbed aboard as an advisor... Gold Mountain Mining Corp. (OTC: GMTNF has added renowned economic geologist Dr. Quinton Hennigh to its Advisory Board! Early in his career, Dr. Hennigh explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation. He then joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies, including Gold Canyon Resources Inc., where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was sold in 2015 to First Mining Gold Corp. Dr. Hennigh was also instrumental in Kirkland Lake Gold's acquisition of the Fosterville gold mine, which is located in Australia and was previously owned by Newmarket Gold Inc.! Did we mention yet that Gold Mountain Mining Corp. (OTC: GMTNF) has also already secured world-class toll milling partners? JDS is one of the biggest, most respected mine engineering firms in the world. It now has dozens of mining operations underway worldwide, covering North and South America as well as Africa and Australia. Donât overlook what this means. JDS is already on site doing pre-feasibility work.... The mining industry in British Columbia (B.C.) is valued at $12B and it has one of the shortest shipping routes from North America to Asia, minimizing transportation costs for gold concentrate sales to China and Japan. This may be one of the most opportunistic times to be watching the company as their story unfolds in the prolific mining region of B.C. There's a further bullish outlook for gold with Leigh Goehring, the managing partner at Goehring & Rozencwajg Associates, expecting gold's price to push to $3,000 an ounce. (Source: [( Goehring said in an interview with Kitco News, â2021 will be the year that investors believe that there is going to be a return of inflation. We havenât experienced anything like that for 40 years. At some point in 2021, it will happen. This is when the next leg of the bull market will take off." Gold Mountain Mining Corp. (OTC: GMTNF) is a small-cap gold explorer that could be ready to hit the big leagues! EMAIL}/redirect GENERAL NOTICE AND DISCLAIMER - PLEASE READ CAREFULLY THE FOLLOWING NOTICE AND DISCLAIMER MUST BE READ AND UNDERSTOOD AND YOU MUST AGREE TO THE TERMS CONTAINED THEREIN BEFORE USING THIS WEBSITE OR SUBSCRIBING TO OUR NEWSLETTER. We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. 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As such, our opinion is neither unbiased nor independent, and you should consider that when evaluating our statements regarding Gold Mountain Mining Corp. (OTC:GMTNF). Rua Frei Tomé de Jesus n. 18
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