Gold Mountain Spends September quarter drilling at Mt Wipi
- Gold Mountain (GMN) releases its September quarterly, highlighting drilling at the Mt Wipi Prospect in Papua New Guinea (PNG)
- Drilling began in late August with a focus on the Northwest Copper anomaly to test an interpreted buried porphyry system
- Sampling at the anomaly intersected more than 1000 parts per million (ppm) copper in soils with a peak value of 2900 ppm copper associated with 0.52 g/t gold
- As of September 30, GoldMountain had total available funding of just over $3.66 million, representing 2.9 quarters of use if spending levels remain the same
- Shares in GoldMountain are up 5.26 per cent and are trading at 2 cents
