VANCOUVER, BC / June 18, 2025 / Gold Mountain Mining Corp. (TSX:GMTN) is temporarily pausing regular operations at its Elk Gold Mine.
The strategic shift is designed to allow the company to focus on resource development and refresh existing estimations. The temporary operational pause, formally communicated to the British Columbia Ministry of Mines in line with the Mines Act, is slated to last a minimum of four months, with a potential extension up to twelve. Gold Mountain will be submitting a Care and Maintenance Manual to the Ministry within the next three months. Crucially, the company’s Qualified Professionals, supervisors, and compliance contractors, AEW Limited Partnership, will remain in place throughout the cessation period, ensuring continuity in crucial compliance, management, and monitoring activities.
This move follows an internal review announced on March 17, 2025, which has yielded preliminary findings regarding QAQC (Quality Assurance and Quality Control) efforts on the Elk Gold Mine’s resource data. The company has determined that a comprehensive relogging and resampling of all available core materials is warranted. Gold Mountain estimates that approximately 65% of the available core will be analyzed. This undertaking is projected to be completed by the end of October 2025, paving the way for the immediate development of a new Preliminary Economic Assessment (PEA) and a 43-101 Technical Report thereafter.
About Gold Mountain
Gold Mountain is a British Columbia-based company focused on gold and silver production, exploration, and development, primarily centered on the Elk Gold Mine located 57 kilometers from Merritt in South Central British Columbia.
Further details can be found on the company’s new website.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Forward Looking Statements
Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company’s future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
SOURCE: Gold Mountain Mining Corp
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