WestMountain Gold, Inc.
-
Upload
pamela-larson -
Category
Documents
-
view
218 -
download
3
description
Transcript of WestMountain Gold, Inc.
1 www.westmountaingold.com | WMTN-OTC The Terra Project
2 www.westmountaingold.com | WMTN-OTC The Terra Project
Safe Harbor Statement
“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995:
Statements in this presentation regarding WMTN/ Terra Mining Corporation business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this presentation. Specifically, the pro-forma financial summaries and balance sheet are a possible projections of future results based on the WMTN/ Terra Mining Corporation business plan. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's most recent Form 10-Q and 10-K. Investors and prospective investors should read this presentation in conjunction with the Company's reports on Form 10-K, Forms 10-Q, and other documents as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation.
3 www.westmountaingold.com | WMTN-OTC The Terra Project
Terra Project
u High-Grade Gold Project u Known Resource u Multi-Million Ounce
Potential u Gold Production for 2013
4 www.westmountaingold.com | WMTN-OTC The Terra Project
Our Team
Founder and President Minex Exploration & Selkirk Environmental, President and Director Silver Verde May Mining Company, CEO Golden Eagle Mining, BSc in Geology Co-founder High Plains Uranium, led successful TSX IPO (2005); Director & CEO Big Bear Mining, Bsc Geology Significant financial, capital market and relations experience in public microcap gold, silver and technology companies. 30 Years experience in financing small caps Principal of Capital Peak Partners and CEO of Silver Verde mining Managing Member and Founder of Logic International Consulting Former COO of Bank Julius Baer and Managing Director of UBS
Greg Schifrin CEO, President & Director
James Baughman COO & Director
Mark Scott CFO, Secretary & Treasurer
Mike Lavigne Director
Kevin Cassidy Director
u High grade deposits are extremely hard to find. u The number of 1Million+ oz. deposit discoveries
continues to decline.
Click here to view the entire report
7 www.westmountaingold.com | WMTN-OTC The Terra Project
Alaska Gold Deposits
Terra Project -130 miles northwest of Anchorage
344 Alaska State Mining Claims -54,000 acre land position
8 www.westmountaingold.com | WMTN-OTC The Terra Project
Alaska Gold Deposits
Company Deposit Au-Oz(Million) Cu lbs (billion) Mo lbs (billion) Kiska Metals Whistler 3.35 Kinross Fort Knox 5.729 Anglo American/ Northern Dynasty Pebble 107 81 5.6
International Tower Hill Livengood 20.6
Barrick/Nova Gold Donlin Creek 39
Teck Pogo 5 Fire River Nixon Fork 0.3
Alix Resource Corp Golden Zone 0.8 Sale Pending
WestMountain Terra 0.2* *New 43-101 due 4Q 2012
u Numerous World Class Gold Deposits in mine friendly jurisdiction u 3 of top 5 gold producers in the world are investing billions of dollars into the Tintina Gold Belt:
Barrick, Newmont and Anglo American u Tintina Gold Belt estimates at 180 Million ounces
9 www.westmountaingold.com | WMTN-OTC The Terra Project
9
u 50 years ago this area was undetected because it was covered in ice
u Today, this melted glacier has exposed the high-grade vein system with visible gold
10 www.westmountaingold.com | WMTN-OTC The Terra Project
Tintina Gold Deposits & Terra Project
Project Attributes:
u Glaciers receding exposed High Grade Gold Bearing Veins: • with exposures over 2 Km (1.2mi) with depths of 1000+ feet • steeply dipping and continuous • open ended at depth and laterally • rich gold concentrations – ore shoots with greater than 10 oz per ton gold
u Infrastructure in place - existing runway, 25 man camp, internet u 700 meters of the 2000m Ben Vein system has been drilled to date (65% yet to be drilled) u New 43-101 due 4Q 2012 with significant increase in gold projected u Developing large scale gold targets u Pilot mill construction and initial gold production completed in 2012 u Ramp up of gold production in 2013
11 www.westmountaingold.com | WMTN-OTC The Terra Project
BEN & FISH VEIN RESOURCE MAP
Additional resource expansion
Ben vein & current 43-101
Ben & Fish veins New 43-101 area
Ben vein area yet to be drilled
12 www.westmountaingold.com | WMTN-OTC The Terra Project
Ben Vein
u High grade vein system with extensive strike length & depth
u 2 Km zone with stockwork veins u Defined bonanza Gold veins u Over 2000 samples collected
from property u All drill holes have intersected
economic gold grades
HILLSIDE VIEW OF THE BEN VEIN
13 www.westmountaingold.com | WMTN-OTC The Terra Project
Claim Map
Core drilling to date has been focused on only 3 of the total 344 claims (less than 1%).
26 separate veins within the Ben vein system have been identified through core drilling.
14 www.westmountaingold.com | WMTN-OTC The Terra Project
Claim Map
Terra Project - Area Map
Geochem Anomalies
October 20120 1 20.5 Miles
1:100,000
LegendTR_CampLoc_Airstrip06_polyline
Camp
Terra Claim Boundary
Terra Anomalies<all other values>
NameCopper
Gold & Silver
Moly
Potassium
Silver
!( Drill Collars
Terra Claim Boundary
Camp & Airstrip
Other currently identified resource prospects on the property.
Ice Vein
Ben Vein
Camp Midway (porphyry)
15 www.westmountaingold.com | WMTN-OTC The Terra Project
Porphyry Target
u Emerging Porphyry District u Large Bulk Tonnage Mine Target u 85 sq. mile project with favorable geology u Breezy’s Breccia area identified 2006 u Camp Midway area identified 2011 u Geochemistry similar to other known Alaska
gold deposits in the Fairbanks district
AERIAL VIEW OF THE TERRA PROJECT
16 For the past several years the exploration phase has consisted of a successful drilling program with gold identified at each hole. 2012 included an additional 3,800 feet of core drilling.
Drill Results
18
2012 field season ended with the construction and completion of our on-site pilot mill. Click on the link to see a short video of the mill.
WestMountain Gold Pilot Mill Video
19 www.westmountaingold.com | WMTN-OTC The Terra Project
19
Ø Maintains value over time Ø A safe harbor for over 5000 years Ø Central banks around the world,
including China, Russia and India are increasing their gold reserves
Ø Surging U.S debt levels Ø Increased U.S. currency supply
20 www.westmountaingold.com | WMTN-OTC The Terra Project
QUADRUPLED IN 10 YEARS
21 www.westmountaingold.com | WMTN-OTC The Terra Project
21 QE1 QE2 QE3 …QE?
Ø Continued borrowing and printing of money by Fed has lowered the value of the dollar
Ø Latest QE has $40 billion/month being printed for the next 3 years and beyond
Ø Side by side chart shows the value of gold tracking with the amount of debt Ø Most analysts are not anticipating the amount of debt coming down Ø This chart reflects only debt in the U.S.
2012 IN REVIEW u Completed 3,800 foot drill program u Drilled an additional hole on the Fish vein u Surface exploration on porphyry target u Updated 43-101 due 4Q u Commenced engineering work on
underground mine u Completed installation of on-site bulk
sample mill u Produced gold in only 2nd year of
operating project
2013 OPERATING PLAN u Upgrade mill facility u Increase gold production u Positive cash flow u Begin underground exploration, development
and mining u Expand drilling in Ben vein gold system u Continue surface work on porphyry target
and other resources on the property u Update 43-101 with data from 2013 resource
definition drill program
INVESTMENT HIGHLIGHTS
u High-grade low CapEx project with known resource u Scalable project with multi-million ounce potential u Large land package with current drilling operations
covering less than 1% of the property u Management has done what it said it would do u Produced gold in 2nd year of operation u Transitioning to a producing gold miner u Cash flow due to increase in gold production u Management believes company is undervalued
26 www.westmountaingold.com | WMTN-OTC The Terra Project www.westmountaingold.com WMTN-OTC
WestMountain Gold, Inc. | Terra Mining Corporation 120 E. Lake Street #401
Sandpoint, ID 83864
Greg Schifrin President & CEO Email: [email protected] (208) 265-1717 Office (208) 290-1180 Cell