Gold Mountain is a BC-based gold and silver exploration, and development company that is currently focused on expansion of resources at the Elk Gold Project, which is a a previously-producing mine 57 km from Merritt in South Central British Columbia.
Gold Mountain Mining Corp. announced earlier today that they engaged JDS Energy & Mining Inc. ("JDS") to complete the Pre-Feasibility Study (the "PFS") at the Elk Gold Project located in British Columbia.
Overall, the PFS was commissioned to reflect the advancements the Company has made on the Elk Gold Project, most notably, the signing of both the Contract Mining Agreement and the Ore Purchase Agreement. These key inputs provide Gold Mountain with the near-term cost certainty required to delineate a maiden reserve at the Elk Gold Project. It is anticipated that the PFS will also update the Company's resource estimate at the Siwash North Zone based on the results of its Phase 1 drill program.
Kevin Smith, Director, and CEO went on to state "We are very pleased to have JDS lead the PFS update. Their proven track record of engineering expertise in building 'fit for purpose' projects in Canada's north will greatly contribute to the Elk Gold Project," and also added that "Having a reputable group validate our economics, assess the underground potential, and continue to advance the Elk Gold Project, strengthens our upside and ability to deliver long-term value to our shareholders."
JDS will lead the PFS update with support from Knight Piesold Consulting and certain key independent consultants. The PFS is expected to be completed in Q3 2021.
Gord Doerksen, President of the Engineering Division at JDS, also went on to state, "We are happy to be working with Gold Mountain to support near-term production and long-term planning at the Elk Gold Project. The team has built a strong foundation for JDS to add our extensive operational and permitting experience on a number of quality projects in BC, and we look forward to maximizing value together as partners."
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Company Telegram: https://t.me/GoldMountainMining