WestMountain Gold in Gold Production at the Terra Project, Alaska
12 9월 2013 - 10:00PM
Business Wire
WestMountain Gold, Inc. (“WestMountain”) (OTCQB: WMTN), an
emerging mineral exploration and development company, reports that
bulk sampling at the Terra project in Alaska is progressing as
planned. The 2013 mill upgrade is complete and ore is being
processed. Assays received from ALS Chemex on samples taken from
the Ben Vein open cut level are presented as weight averaged sums
of the widths of the samples taken:
Level Au g/t Au oz/t
Ag g/t Ag oz/t
1338 236.68 7.61
520.17 16.72 1336 335.70
10.79 623.41 20.04
Levels 1338, 1336, & 1334 have been mined and the material
moved to the bulk sample mill for processing.
In addition to the bulk sampling program at Terra, road
construction from camp to the Ben Vein is complete, exploration
drilling is on-going, and surface prep construction of the
underground mine portal is underway. A new runway is near complete
and the site now has a 5,000 foot runway for larger aircraft.
“Bulk sample production at Terra is an important milestone in
the development of this project, which we believe will exceed a
million ounces of gold over the life of the mine,” said Greg
Schifrin, President and CEO of WestMountain Gold. “We have advanced
the project and reached our marks this field season with hard work
from our staff and support personnel.”
About WestMountain Gold, Inc.
WestMountain Gold, Inc. (OTCQB: WMTN) is an exploration and
development company that explores, acquires, and develops advanced
stage properties. The Company has rights to a joint venture 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 Geologic 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 that is owned by the Company’s wholly owned
subsidiary, Terra Gold Corporation (“TGC”). The WestMountain
property 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. TGC is a
joint venture partner of Corvus Gold, Inc. (“Corvus”) on this
project. TGC has the right to earn a 51% interest in the Terra
Project from Corvus by spending a total of USD $6.0 million by
December 31, 2013. TGC can further increase its ownership to 80%
with an additional USD $3.05 million investment, bringing to a
total of USD $9.05 million capital investment by December 31, 2014.
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 (PK) (USOTC:WMTN)
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부터 2월(2) 2025 으로 3월(3) 2025
Westmountain Gold (PK) (USOTC:WMTN)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025