WestMountain Gold Continues Exploration at the Terra Project; Signicant Gold Present Along Strike
11.09.2014 | Accesswire
Sandpoint, ID / ACCESSWIRE / September 11, 2014 / WestMountain Gold, Inc. ("WestMountain") (OTCQB: WMTN), a mineral exploration and development company, continues exploration and bulk sample mining and milling operations at the Terra Project in Alaska. The Company has been working on identifying additional gold and silver resource at the Ben and Fish Veins and has been processing this material at its pilot gold mill. Surface trench work and bulk sample mining continue to prove significant gold present. An average of 5 to 10 tons, are being processed daily and will continue into the fall.The Ben and Fish Vein have been trenched and bulk sample mined to the north and south of their discovery locations with proof of multi-ounce per ton gold in the veins from for hundreds of feet in either direction. The pilot mill and vein sample assay data will be released once finalized.
President and CEO Greg Schifrin is encouraged by the Company's recent milestones and recently remarked, "The work this year at Terra supports the model and idea that the veins at Terra have substantial gold along strike and at depth and further confirm our expectations for the growth at our this project." He 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