WestMountainn Gold, Inc. Begins Field Season at Terra Project, Alaska
08.07.2014 | Accesswire
Restart of Bulk Sample Gold ProcessingSandpoint, ID / ACCESSWIRE / July 8, 2014 / WestMountain Gold, Inc. (“WestMountain”) (OTCQB: WMTN), a mineral exploration and development company, has commenced operations at the Terra Project in Alaska for the 2014 field season. The Company has begun processing material at the pilot gold mill facility after refurbishing and repairing equipment from winter damage. An average of 5 to 10 tons are being processed daily. Project development, construction, bulk sample mining, milling and exploration will continue through the season.
In February of 2014 WestMountain secured 100% ownership of the Terra Project and work continues on the C130 airstrip construction as well as road construction to the proposed portal site.
President and CEO Greg Schifrin is encouraged by the Company’s recent milestones. “The consolidation of ownership by buying out our JV Partner and the continued construction at Terra will provide the foundation for the company to move forward with resource development,” he says. He believes the high-grade deposit at this project will yield more than a million ounces of gold over the life of the mine.
About WestMountain Gold, Inc.
WestMountain Gold, Inc. (OTCQB: WMTN) is an exploration and development company that explores, acquires, and develops advanced stage mineral properties. The Company currently has rights 100% interest in a high-grade gold system in the resource definition phase with 49,809 ounces of indicated and 369,795 ounces of inferred gold for a total of 419,604 ounces of gold based on the NI 43-101 Technical Report completed by Gustavson Associates on February 19, 2013. This high-grade gold system in total offers potential of greater than 1,000,000 ounces. The Terra project consists of 344 Alaska state mining claims covering 223 square kilometers. All government permits and reclamation plans for continued exploration through 2014 were renewed in 2010. Additional details are available at www.westmountaingold.com.
Safe Harbor Statement
Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "desires," "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause its actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, the potential of the Terra Project, gold recovery, indicated and inferred resources, and expectations to run milling operations at 50 tonnes per day. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the Company’s SEC filings. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.
Contact:
WestMountain Gold, Inc.
Greg Schifrin, Chief Executive Officer
Office: 208-265-1717
Cell: 208-290-1180
gschifrin@westmountaingold.com