DENVER–(BUSINESS WIRE)–WestMountain Gold, mind Inc. (“WestMountain”) (OTCBB:WMTN), look a mineral exploration and development company, announced positive assay results from the gold concentrates from the initial test run of its pilot mill, which became operational in September 2012 at its Terra Gold Project in Alaska. The pilot mill gravity concentrates assayed indicate 5,561.52 ounces of gold per ton and 2,254 ounces of silver per ton. There were concentrations of copper, tungsten, antimony and zinc present ranging from 0.8% to 2.7%. From the concentrates of one ton of ore processed by the pilot mill, there were 1.4 kg of gold concentrate recovered which produced a 401 gram gold bar of which the Company anticipates 9 oz of gold and 4 oz silver upon refinement based on current metallurgical analysis.
“The Terra Project pilot mill has produced high concentration gold from the gravity mill. We are enthusiastic about the equipment and pilot mill upgrades underway and the anticipated production during the upcoming 2013 season.”
Greg Schifrin, WestMountain Gold CEO, said, “The Terra Project pilot mill has produced high concentration gold from the gravity mill. We are enthusiastic about the equipment and pilot mill upgrades underway and the anticipated production during the upcoming 2013 season.”
The assay results of gold concentrates from the Terra Project pilot mill are 71% gold and 29% silver. The gold recovery from the first metallurgical testing of the concentrates is greater than 98.5% recover from the concentrate. There is additional metallurgical testing and gold recover currently underway and a complete report will be provided by year-end.
Further, WestMountain also announced the appointment of Dale Rasmussen to the Board of Directors. Mr. Rasmussen served as the Chairman of the Board of Quantum Fuel System Technologies Worldwide from 2002 to 2012, as well as being a member of the Board of Directors since 2000. Mr. Rasmussen’s responsibilities included acquisitions, joint ventures, strategic alliances and investor and shareholder relations.
WestMountain Gold, Inc. will be in attendance and exhibiting at the Hard Assets Investment Conference being held November 16 and 17 at the San Francisco Marriot Marquis.