Gold Mountain Limited (ASX: GMN) – Set To Commence Drilling – Gold – Highlands, PNG


September 26, 2017
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The Company has recently raised ~A$5.0 million at A$0.10/share, with this including a 1 for 2 free attaching A$0.15 unlisted option with an expiry two years from the date of issue. The aim of drilling is to estimate an initial JORC 2012-compliant Mineral Resource Estimate (“MRE”) for the interpreted palaeo-alluvial gold mineralisation identified from work to date. The Company will also complete drilling targeting the hard rock potential, the first such drilling in the Project.