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     181  0 Kommentare Gold Mountain Provides Corporate Update

    VANCOUVER, BC / ACCESSWIRE / December 15, 2022 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to report its third quarter FY2023 summary financial and operating results. The Company's …

    VANCOUVER, BC / ACCESSWIRE / December 15, 2022 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to report its third quarter FY2023 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three and nine months ended October 31, 2022, are available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars ("$"), unless otherwise noted.

    "After wrapping up our in-fill drill program in July and implementing changes to the pit design in August, we've resumed ore mining operations and delivery to our partner New Gold Inc. The 3,700m in-fill drill program targeting the mineral resources in our near-term mine plan, has allowed us to gain a greater understanding of our vein model and forecasted gold grades", commented Grant Carlson, COO of Gold Mountain.

    "Our new pit design and ore mining methodology has improved the exposure and visibility of the mineralized veins in the dig face and has allowed us to operate more efficiently. Looking into the New Year, we plan to continue ramping up ore production and are scheduled to release an updated resource estimate and preliminary economic assessment ("PEA") during the first quarter of 2023. Each month we continue to gain a better understanding of our geological model and are optimizing our ore recovery practices. With the price of gold beginning to show positive signs, we feel it's the perfect time for the Elk to find its feet and get back to executing for our shareholders."

    Highlights:

    • The Company generated $2,091,371 of revenue in the three months ended October 31, 2022.
      • Following the implementation of a revised pit design in August, the Company returned to ore mining and delivery in September which resulted in more consistent ore release and delivery in the final two months of the quarter.
    • The Company delivered 1,133 AuOz during the reporting quarter.
    • The Company continues to advance the permit amendment process to scale the Elk to its proposed Phase ll product profile of 65,000 ounces of AuEq per year.

    Mining

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    Gold Mountain Provides Corporate Update VANCOUVER, BC / ACCESSWIRE / December 15, 2022 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to report its third quarter FY2023 summary financial and operating results. The Company's …