FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Gold Mountain Signs Letter of Intent with New Gold to Increase its Tonnage Limit in its Ore Purchase Agreement.”
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.
For more information, please visit: Gold Mountain Mining Corp.
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