PRESS RELEASE: GDM Continues Growth in its’ Historically Proven Tenement Portfolio
Gold explorer, Great Divide Mining, today announced it had completed acquisition of additional tenements at its’ Devils Mountain project site.
The acquisitions extend GDM’s potential strike length at the site to 7.5+ km.
“At GDM we focus on historically worked sites,” said CEO, Justin Haines.
“A couple of certainties about our strategy,” he said, ”Firstly we know there’s gold there, we know that in the past it was commercial to mine, and it was commercial at way less than today’s $US 2600 oz.”
“There aren’t many certainties in gold exploration,” said Justin, “At GDM we do like certainties.”
The additional tenements provide GDM access to extensions of the known Devils Mountain historic gold mining area, as well as the Kilkivan gold and copper fields near the historic Clara Copper Mines.
“Importantly,” said Mr. Haines, “we’ve been able to now extend exploration works planned for Devils Mountain with minimal budgetary impact.”
“We’ve always sought to deliver value to our shareholders by working to deliver the so-called double bottom line. So, our focus on historically mined sites, known presence of workable gold deposits can be enhanced by modern exploration technologies and modern mining procedures.”
“There’s perhaps a triple bottom line too,” he said, “working on these brown field sites means we disturb less of the native environment and can then remediate the sites to modern 21st century environmental standards.”
“Seems a pretty complete package to me then,” quipped Justin.