Gold Mountain (TSX.V: GMTN OTCQB: GMTNF) has been outperforming ever since completing the acquisition of the Elk Gold Project. The company is run by a team of young, hungry, and driven entrepreneurs and geological professionals.
Over the past 4 months, Gold Mountain has delivered milestones that most companies dream about achieving. Highlights include:
- Signed Ore Purchase agreement with New Gold (TSX: NGD),
- Completing an impressive 7,000 metre drill program,
- Appointed Dr. Quinton Hennigh to the Advisory Board, and
- Completed an over-subscribed $10M financing
Gold Mountain's chief executive officer, Kevin Smith, commented, "We're thrilled to be sharing these results with the market, further confirming our thesis that the veins at the Elk are getting higher grade the deeper we chase them." Mr. Smith further said: "All 36drill holes for which assays have been received to date have encountered significant gold vein intercepts, a testament to our project's scalability. Gold Mountain is confidently going to continue to chase these high-grade veins throughout the property with the focus of adding ounces to our resource and making Elk Gold B.C.'s next million-ounce producing mine."
The icing on the cake now, has been seeing insiders buying additional shares on the open market. A total of $160,225 worth of stock was purchased by senior officers of the company:
Currently, Gold Mountain (TSX.V: GMTN OTCQB: GMTNF) is trading at $2.29 and has 59.87M shares outstanding, giving it a market cap of $137.1M.
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