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Gold Mountain reveals bulk gold mining potential at Crown Ridge

Thursday, April 6, 2017 16:09
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(Before It's News)

Gold Mountain (ASX:GMN) has completed further 3D geophysical modelling at its flagship Crown Ridge Project in the Papua New Guinea Highlands.

Importantly, the modelling has indicated the potential for bulk mining of gold at Crown Ridge.

The 3D modelling shows three vertical cross sections indicating that Crown Ridge is sitting on top of a body that is continuous over 4 kilometres.

One of the cross sections has an interpreted overlain weathered zone which is between 60 and 100 metres thick.

It is this layer that is producing the copious free gold in most of the pits completed to date during Gold Mountain’s phase 1 bulk sampling program.

Gold Mountain had completed the phase 1 bulk sampling program utilising smaller (8 cubic metre) pits and confirmed visible gold in over 92% of the 52 pits tested.

The Phase 2 bulk sampling program, recommencing early next month, will involve further testing of free gold and platinum across numerous 125 cubic metre pits in a 1 square kilometre area.

The program is the extension of ongoing works by Gold Mountain to establish a maiden JORC resource at the Crown Ridge Gold Project.

Story by ProactiveInvestors


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