Gold Mountain is 49 Metals’ flagship gold project, located approximately 7 kilometres south of Tonopah in Nevada’s Walker Lane mineral belt.
Gold Mountain is a drill-ready project with high-grade gold zones and a 10 km × 2 km mineralised footprint, offering multi-million-ounce discovery potential. Historical resource estimates, although unclassified, suggest between 100,000 and 462,000 ounces of gold equivalent, and the resource remains open in all directions. The project benefits from excellent site access and infrastructure, situated just 5 km southwest of Tonopah along Highway US 95. The area includes a mix of patented and unpatented claims and features an epithermal system with multiple overprinting mineralisation events, drawing parallels to other major discoveries in the region such as Round Mountain and Silicon.
49 Metals completed its maiden reverse circulation drilling program in 2026, comprising 22 holes for approximately 7,500 metres. Gold and/or silver mineralisation was intersected in every hole.
Drilling indicates that higher-grade, structurally controlled zones occur within a much broader envelope of gold mineralisation. Additional shallow intersections west of the main Adit Zone have further expanded the known mineralised footprint.
The emerging geological model identifies major faults and subsidiary structures as pathways for mineralising fluids, with the Oddie Rhyolite providing an important host at the Adit Zone. Drilling also indicates oxidation extending to approximately 300 metres depth in parts of the system.
The Adit Zone represents one mineralised centre within the broader Gold Mountain project. Additional targets include Combination, Monte Christo, Murane, Sealy Ridge, Divide and East Adit, which remain untested or only lightly tested by modern exploration.
49 Metals is integrating drilling results, geological logging, geochemistry and geophysical data to refine its geological model and prioritise further exploration. Follow-up drilling is planned to initially test extensions of known mineralisation at the Adit Zone.
