26 Feb 2013resource reserve update▲ GoodMajor
WestMountain reported a new technical report on its Terra Project in Alaska: 49,809 ounces of gold indicated and 369,795 ounces inferred (419,604 ounces total) at a 5.00 g/t cutoff, up from the company's 2010 report (the filing says tonnes up 100% to 852,943 and total ounces up 150%). Inferred resources are less certain than indicated ones. The company also cites 75 ounces of gold produced from late-2012 bulk sampling and a $4.2 million 2013 field budget (press release). This follows the Feb 25 letter of intent to buy the rest of the project. The press release names Corvus Gold as the joint venture partner while the 8-K text names Raven Gold Alaska, so the counterparty is inconsistent within the filing.