Today's Alert Is: GMTNF GMTNF may be the top gold stock of 2021 to be watching! Dear Subscribers, We have an exciting gold exploration company for you to look at tonight that could be positioned for an explosive 2021! This is a Canadian company called Gold Mountain Mining Corp. that trades under the ticker symbol GMTNF. One of the biggest gold discoveries on this planet may be right under the drills of GMTNF and the company seems to be flying heavily under the radar! GMTNF just struck pay dirt at the prolific "Elk Gold Project" with a discovery that could be one of the biggest finds in decades! Just a side note... Billionaire Eric Sprott has claimed that gold equities are âthe investment opportunity of [his] lifetime.â (Source: [ The Top Reasons to Be Watching GMTNF right now: - Independent (NI43-101) analysis puts the companyâs pre-exploration net present value at $212 million...
- A recent $10 million private placement locked down capital resources for advanced exploration, resource development and commencement of mining activity by Q4 2021...
- JDS Mining, one of the worldâs largest mine development and engineering companies is already on site doing pre-feasibility work....
- 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.
- 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...
- Key partnerships... The company has secured world-class toll milling partners in New Gold Inc. and Nhwelmen-Lake LP!.. GMTNF's 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 industry 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. 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.
Resource investors follow JDS like hungry puppy dogs .... It was in September of 2020 that GMTNF acquired Bayshore Minerals, with 100% ownership of the Elk Gold Project - a past producing mine located approximately 57 km from Merritt, BC.
This was not that long ago! 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 GMTNF claims that a half million ounces of gold resources already located... Highlights of the Property :
- I n 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 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 GMTNF has also entered into an Ore Purchase Agreement ("OPA") with New Gold Inc. ("New Gold") for a three-year term. The company will deliver ore to New Goldâs New Afton Mine located 130km from the Companyâs Elk Gold Project in Kamloops, British Columbia. Pursuant to the OPA, New Gold has agreed to pay Gold Mountain in a timely manner based on the tonnes and grade of the ore delivered to the mill independent of when itâs processed. The OPA provides the Company with an efficient path towards initial production following the receipt of necessary permits.Ore Purchase Agreement. GMTNF has additionally signed definitive agreement with Nhwelmen-Lake LP for contract mining services at the Elk Gold Project. The company will leverage the experience and expertise of Nhwelmen-Lake for mining and ore hauling services at the Elk Gold Property. Nhwelmen-Lake will be paid a fixed price per tonne mined at a price thatâs in line with the Companyâs Preliminary Economic Assessment (the âPEAâ) metrics over the first three years, which is determined based on the planned production rate, mined volumes, haulage distances and equipment productivity. The Mining Contract is for the life of mine while the price schedule carries a three-year term and gives Gold Mountain confidence in its forecast and cash flow to scale the business efficiently. 2021 could see a lot of explosive mining and merger-and-acquisition activity in the British Columbia mining sector of Canada. ...especially in gold. âThere was at least $14 billion in M&A activity in the precious metals mining business last year,â said Rick Rule, the president and CEO of Sprott U.S. Holdings. âI suspect that number increases â and I suspect it increases reasonably dramaticallyââin 2021. The industry is sorely lacking high-quality exploration projects or development projects,â Rule added. âThe consequence of that is, when somebody makes a good discovery, they can be taken at absolutely eye-popping multiples.â For example, Kodiak Mining shot up over 600% after its Canadian gold and copper discoveries! Gold rallied 30% in 2020 to produce its strongest annual return since the financial crash of 2008! Hitting just under $2,100 an ounce, gold was the second-best performing asset class of 2020. The metal's rally even outshined the rally that the tech heavy Nasdaq Composite Index experienced. "With drills turning and a clear path to production, we look forward to continuing to build shareholder value by developing B.C.'s next high-grade gold mine." - GMTNF CEO Kevin Smith
The exploration potential at the Elk Gold Project has only begun. This region in British Columbia is already well known for its potential for significant recoveries of gold, silver and other valuable metals. This may be one of the most exciting times to be reading about GMTNF! Start your research right away at: [( © 2021 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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