WestMountain Gold Begins Field Season at Terra Project, Alaska; Restart of Bulk Sample Gold Processing
SANDPOINT, ID / ACCESSWIRE / July 15, 2015 / WestMountain Gold Inc. ("WestMountain") (OTCQB: WMTN), a mineral exploration and development company, has commenced operations at the Terra Project in Alaska for the 2015 field season. On June 22 and 29, 2015, the first shipments of 410 ounces of gold dore were shipped to the refinery for assay and refining to bullion. This represents the first 2 and a half weeks of operations of the pilot gold mill. The company continues to process material at the pilot gold mill facility; averaging 8 to 10 tons daily and plans to upgrade the milling facility. Project development, construction, bulk sample mining and milling and exploration will continue throughout the field season.
CEO Greg Schifrin stated, "We are pleased to have operations underway at Terra this year and production from our pilot mill to generate cash flow. We continue to explore and develop the high grade veins present and increase our operations at Terra."
About
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 43-101Technical 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 http://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
SOURCE: WestMountain Gold Inc.