WestMountain today announced that two D7 CAT bulldozers arrived at the Terra project on April 14, 2013. Arrival of the two bulldozers was imperative to plans for the 2013 Terra project operations and a milestone for WestMountain. The construction of infrastructure, including a large aircraft airstrip, a road network and a mine portal opening for underground development is expected to start in May 2013. These efforts will [...]
WestMountain today announced a significant expansion of the gold and silver resource base at its flagship Terra Project in Alaska. The NI 43-101 Technical Report, completed by Gustavson Associates, showed solid increases in tonnes, inferred ounces and gold grade as compared with the Company’s 2010 report. The WestMountain report highlights the high-grade nature of the Terra deposit with a 5.00 g/t cutoff estimate [...]
WestMountain today announced it has signed a letter of intent (LOI) to acquire Corvus Gold’s remaining interest in the Terra Project in Alaska. Upon closing, this transaction will give WestMountain 100% ownership in the project, which the Company expects to yield greater than 1,000,000 ounces of gold over the life of the mine. Under terms of the proposed transaction, which is subject to customary closing conditions [...]
WestMountain is pleased to announce the closing of its private placement on January 4, 2013. The Company sold 1,519,699 common shares for total proceeds of $1,139,751. The majority of the financing was taken by individual accredited investors. The Company has paid customary fees and costs in connection with a portion of the Offering. The restricted securities issued in the Offering have applicable hold periods in the [...]
WestMountain today announced metallurgical results from its initial production scale bulk sample test milling at the Terra Project. The results are from a 23-ton surface bulk sample of the Ben and Fish Creek veins. A total of 75 ounces of gold and 28 ounces of silver were produced using the Company’s new onsite milling and gravity recovery system, yielding recoveries of 60% for gold and 15% for silver (Figure 1). These [...]
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