WestMountain Gold Begins Field Season at Terra Project, Alaska; Restart of Bulk Sample Gold Producti
WestMountain Gold Begins Field Season at Terra Project, Alaska; Restart of Bulk Sample Gold Production
DENVER--(BUSINESS WIRE)-- WestMountain Gold, Inc. ("WestMountain") (OTCQB:WMTN), an emerging mineral exploration and development company, has commenced operations at the Terra Project in Alaska for the 2013 field season. The operations include an upgrade of the pilot mill facility, construction of a C-130 aircraft capable runway, road construction and mine portal construction. This infrastructure expansion should result in the recovery of gold during the 2013 season. An exploration and drill program will follow later in the season.
In April 2013, two bulldozers were added into the project, allowing aggressive plans for the season to get under way, including a scaled-up bulk sample program with a revamped pilot mill and underground mining. These developments are integral to the extraction of the natural resources at this location. Expansion of the gold and silver resource at the Ben Vein Zone through exploratory drilling will continue.
With the recent publication of a NI 43-101 Technical Report showing a solid increase in tons and inferred ounces of gold and silver and budgetary assets in place for the season, President and CEO Greg Schifrin is encouraged by the Company's recent milestones. "This infrastructure expansion should result in an increase in gold production during the 2013 season. The construction at Terra will provide the foundation for the company to move forward with resource development and gold recovery," 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 to a joint venture 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. WMTN's wholly owned subsidiary, Terra Gold Corporation ("TGC"), is a joint venture partner with Raven Gold Alaska, Inc. ("Raven") on the high-grade gold system called the TMC project. The TMC 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.
WestMountain Gold, Inc.
Greg Schifrin
Chief Executive Officer
Office: 208-265-1717
Cell: 208-290-1180
gschifrin@westmountaingold.com
KEYWORDS: United States North America Alaska Colorado
INDUSTRY KEYWORDS:
The article WestMountain Gold Begins Field Season at Terra Project, Alaska; Restart of Bulk Sample Gold Production originally appeared on Fool.com.
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