WestMountain Index Advisor, Inc. Reports Positive Assay Results Pilot Mill at Alaska Terra Project; Appoints Dale Rasmussen as Board of Director
November 16, 2012 at 09:00 am EST
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WestMountain Index Advisor, Inc. 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 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.
The company 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. is an exploration stage mining company. The Company, through its wholly owned subsidiary, Terra Gold Corporation (TGC), is focused on exploration at a gold system project in the state of Alaska (the TMC Project). The TMC Project consists of approximately 339 Alaska state mining claims plus an additional five unpatented lode mining claims held under the lease covering approximately 86 square miles (55,040 acres). The property is centered on a five-mile-long trend of gold vein occurrences. The property lies approximately 120 miles west-northwest of Anchorage and is accessible via helicopter or fixed-wing aircraft. The property has an aircraft runway, haul roads, a mill facility and adjoining camp infrastructure, a tailings pond and other infrastructure. The remote camp is powered by diesel-powered generators and water is supplied to the mill by spring-fed sources and a water well.
WESTMOUNTAIN GOLD, INC. 
