WestMounatin Gold Announces 2014 Pilot Mill Gold Production for Terra Project, Alaska.
30.12.2014 | Accesswire
SANDPOINT, ID / ACCESSWIRE / December 30, 2014 / WestMountain Gold, Inc. has released preliminary pilot production numbers for the 2014 season at their Terra Project, Alaska. Over the course of the 2014 season, WestMountain Gold processed approximately 500 tons of ore from the Fish and Ben Veins in the pilot mill. The processing produced approximately 2250 ounces of gold dore equating to approximately 1350 ounces gold bullion for the season. The 2014 pilot production resulted in over a 500% increase in production from the previous year. Based on the preliminary numbers, an estimated 2.1 ounces of gold per ton was recovered from the Ben Vein. The gold dore processed resulted in an average content of approximately 60.5% gold and 24.5% silver and 15% other metals. With mill improvements and adjustments to the pilot processing method toward the end of the 2014 season, the gold concentration in the dore was successfully increased to 65-70% gold content.President and CEO Greg Schifrin is pleased by the Company's recent milestones and remarked, "The bulk sample mining and milling work conducted this year at Terra demonstrates that the veins consistently yields high grade gold as projected. The amount of gold dore recovered from the pilot mill processing further validates that a low cost, underground mine operation is feasible with continued assessment and development. In addition, we are planning for another year of substantial pilot production growth for the 2015 mining season. Terra has substantial gold along strike and at depth based on the drill data and exploration work conducted, which further confirms our expectations for growth at the project." Mr. Schifrin believes the high-grade deposit at Terra 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