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Gold Mountain sets out to share Mt Wipi spoils


Gold Mountain sets out to share Mt Wipi spoils
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When Gold Mountain made the decision to undertake a capital raising of up to $5.1 million recently, it did so with its shareholder interests firmly in mind.
Gold Mountain (ASX:GMN) decided to go down the path of raising the funds by way of a 1-for-3 renounceable rights issue, priced at just 2c – a significant 49% discount on its 90-day volume weighted average price of 3.9c.
With every three new shares, shareholders will receive a free attaching option with an exercise price of 4c and a term of 18 months, with the ability to apply for additional shares and options. ....

Papua New Guinea , Mt Wipi , Tim Cameron , Gold Mountain , Mahe Capital , Sak Creek , Lombokai Creek , Papuan Mobile Belt , பப்புவா புதியது கினியா , நேரம் கேமரூன் , தங்கம் மலை , மேஹீ மூலதனம் , சக் க்ரீக் ,

Gold Mountain Ltd (ASX:GMN) Commencement of Maiden Diamond Drilling Programme at Mt Wipi


Gold Mountain Ltd (ASX:GMN) Commencement of Maiden Diamond Drilling Programme at Mt Wipi
  
Commencement of Maiden Diamond Drilling Programme at Mt WipiSydney, July 14, 2021 AEST (ABN Newswire) - Gold Mountain Limited (
ASX:GMN) is pleased to announce that drilling will recommence at its Wabag project in July, with an initial four-hole programme planned for the highly prospective Mt Wipi tenement.
Highlights
- Mt Wipi (EL 2632)
o The Mt Wipi (EL 2632) tenement was granted on the 14th of August 2020 to Gold Mountain Limited
o Over the last 9 months, GMN has undertaken stream sediment sampling, rock chip sampling, soil sampling and trenching programs ....

Papua New Guinea , New South Wales , Mt Wipi , Phil Jones , Tim Cameron , Gold Mountain Limited , Gold Mountain , Gold Mountain Ltd , Maiden Diamond Drilling Programme , Mountain Limited , Waa Creek , North West , Papuan Mobile Belt , Papua New , பப்புவா புதியது கினியா , புதியது தெற்கு வேல்ஸ் , பில் ஜோன்ஸ் , நேரம் கேமரூன் , தங்கம் மலை வரையறுக்கப்பட்டவை , தங்கம் மலை , மலை வரையறுக்கப்பட்டவை , வா க்ரீக் , வடக்கு மேற்கு , பப்புவா புதியது ,

Gold Mountain Ltd (ASX:GMN) Wabag Project MCD009 Drill Hole Update - ABN Newswire (@ABN_Newswire)


Gold Mountain Ltd (ASX:GMN) Wabag Project MCD009 Drill Hole Update
  
Wabag Project MCD009 Drill Hole Update Sydney, May 14, 2021 AEST (ABN Newswire) - Gold Mountain Limited (
ASX:GMN) is pleased to update the market on the progress of its exploration activities at the company s flagship Wabag Project in PNG.
Highlights
MCD009
o Completed to a depth of 637m, having intersected a tonalite porphyry in the top 309m of the hole (Wale Batholith) and a strongly potassic altered micro-diorite from approximately 309m to 637m
o Evidence of porphyry mineralogies including quartz, magnetite, epidote and sulphide veins and fracture fill sulphides occur throughout MCD009 ....

Papua New Guinea , New South Wales , Mt Wipi , Tim Cameron , Gold Mountain Limited , Gold Mountain , Gold Mountain Ltd , Wabag Project , Hole Update , Mountain Limited , Wale Batholith , Papuan Mobile Belt , Papua New , Financial General , Asx Gmn , பப்புவா புதியது கினியா , புதியது தெற்கு வேல்ஸ் , நேரம் கேமரூன் , தங்கம் மலை வரையறுக்கப்பட்டவை , தங்கம் மலை , மலை வரையறுக்கப்பட்டவை , பப்புவா புதியது , நிதி ஜநரல் ,