JDS Mining & Energy Inc. has concluded, after several trade-off studies, that the Prefeasibility Study should include a section investigating underground mining at the Company’s 100 percent operated Elk Gold Project – announced Gold Mountain.
“With recent drilling encountering deeper vein extensions and JDS’s trade-off study recognizing a case for transitioning to a potential open pit-underground hybrid mine plan, an obvious path is forming to showcase the Elk Gold Project’s long-term expansion potential from both a resource and production perspective,” remarked Gold Mountain CEO, Kevin Smith.
Gold Mountain Mining Details (approved by Grant Carlson, P.Eng. – a competent individual)
Gold Mountain – a gold and silver exploration and production company based in British Columbia – concentrates on resource expansion at the Elk Gold Project – a past-producing mine in South Central British Columbia.
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Under applicable Canadian securities law, this press release contains some statements – better called “forward-looking statements” – founded on expectations as of the date of this press release.
Forward-looking statements may be based on estimates and assumptions that, while reasonable, are subject to factors that could change actual results from those reported. Forward-looking statements, therefore, aren’t 100% right.
Gold Mountain, however, disclaims any intention to amend any statements as a result of new knowledge or future events. Please see the Filing Statement on Gold Mountain’s SEDAR profile for risks that may affect the business.