Gold Mountain Limited (ASX:GMN)
Gold Mountain Limited is an Australia-based gold exploration and development company. The Company’s two geographical segments include Australia and Papua New Guinea. The Company is focused on exploring porphyry copper- gold-molybdenum deposits in the prospective of Papuan Mobile Belt (PMB) in Papua New Guinea. The Company is focused on regional soil and rock chip campaigns at Sak Creek (EL1966), Lombokai Creek (EL2306 and EL 2563) and at the Mt Wipi tenement (EL2632). In addition, the Company drilled one diamond drill hole (MCD008) for approximately 684.20 meters at the Monoyal prospect (EL2306). It holds ten exploration licenses covering a total area of approximately 2,767 square kilometers in the Enga province, Papua New Guinea. The Company’s subsidiaries include Viva No. 20 Limited, GMN 6768 (PNG) Limited, Viva Gold (PNG) Limited and Abundance Valley (PNG) Limited.