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Gold Mountain Mining Corp. (OTCQB: GMTNF) (TSX-V: GMTN) (FRA: 5XFA)
is pleased to announce that it has signed a Letter of Intent (“LOI”) with New Gold Inc (“New Gold”) to increase its tonnage delivered to New Afton from 70,000 to 350,000 tonnes per annum beginning in year four of production. This addition reflects a 400% bump to the delivery commitments outlined in the Company’s Ore Purchase Agreement with New Gold (the “OPA”) and provides a clear path to scale mining operations.
Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a past-producing mine located 57 KM from Merritt in South Central British Columbia.
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Gold Mountain Mining Corp.
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“Buzz on the Street” Show: Gold Mountain Mining (OTCQB: GMTNF) (TSX-V: GMTN) LOI with New Gold
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“Buzz on the Street” Show: Gold Mountain Mining (OTCQB: GMTNF) (TSX-V: GMTN) LOI with New Gold
