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• Early stage investment in a high-grade gold exploration and development project

• Opportunity to buy low and sell high • S1 effective February 6, 2012 • Potential return of 5 to 10 times initial investment


G O L D, I NC .


• Purchase by a large mining concession for production • •

potential Go into production. Conservative estimates range from $30 Million to $50 Million of net revenue per year with a gold price of $1,700 per ounce. Should gold prices move higher then these projections will increase. | WMTN OTC

Building shareholder value by advancing the Terra Project toward production

CORPORATE PROFILE WestMountain Gold, Inc.Inc is aisjunior mineral exploration and develWestMountain Gold, a junior mineral exploration and opment company specializing in the acquisition advanced stage development company specializing in the ofacquisition of mining properties. Our objective is to be Our a leader in the exploration advanced stage mining properties. objective is to be a and development of U.S. baseand anddevelopment precious metals.ofOur is toand leader in the exploration U.S.goal base elevate standards responsible the Resource precious metals.ofOur goal is topractices elevateforstandards of Industry responwhilepractice building afor profitable businessIndustry and to maximize shareholder sible the Resource while building a value. Our current project in Alaskashareholder is called The Terra profitable business andlocated to maximize value. Our Project. project, located in Alaska is called The Terra Project. current


• Million2012 2012exploration explorationprogram program • $535Million Poisedfor forgrowth growth • Poised Alaska- Mining - MiningFriendly FriendlyState State • Alaska PermitsininPlace place- drill - drillready ready • Permits Alaskastate stateclaims claimsland landpackage package mi Alaska • 8585sqsqmile to 1ounce million oz gold potential 1 million exploration po • Project

168,000 168,000oz. gold&&310,000 310,000oz. oz.silver silverresource resource

FACTS Overview Project Snapshot Location // 85 sq mile range in Alaska Ownership // Joint Venture Position, 80% TGC (Terra Gold Corp*) & 20% RGC (Raven Gold Corp) Products // Gold and Silver Resource // Measured 168,000 oz Gold and 310,000 oz Silver * Terra Gold Corp is an Alaskan Subsidary of WestMountain Gold Corp

Resource Gold (x1000) Silver (x1000) Inferred 43-101

168 oz

310 oz

Expected 2012



Market Data OTC.OB: WMTN


Share Capital WMTN Shares

19,119,028 19,181,028 19,181,028


6,609,351 6,609,351

Fully Diluted

25,790,379 25,790,378



G O L D, I NC .


The Terra Project Specs

The Terra Project has significant potential for the development of a large high-grade gold deposit.

ood Liveng

WestMountain has positioned the property for near-term small-scale production in 2012 transitioning in 2-3 years to anticipated 30,000 ounce per year mine operation. WestMountain has a full camp and air strip on The Terra Project on site.



NI 43-101 Technical Reports updated 2010 (TSX compliant) 168,000 oz gold, 310,000 oz silver (ITH NI 43-101) Gold rich Bonanza Veins (>80% free gold) Project to 1 million oz gold potential Development Plan, Environmental Assessment and Permitting, in progress towards mine feasibility. • Significant exploration potential for additional resource • Extended vein along strike & Intersected vein systems 2011 drilling • 594 meters core drilling - 4 holes completed • 375 samples taken from drill core* • Visible gold observed in core • Vein system is undrilled; extending to the north and in downward projection to the vein below 300 meters * Data available on website

The Terra Project Background & History

• Gold bearing veins first discovered and claimed by Kennecott in 1997 Ben Porterfield, a Kennecott geologist retain claims and artisanal mines vein from 2000-2010

• Porterfield leases property to Anglo Gold Ashanti Exploration USA in 2005 for the first year drill program

• International Tower Hill Mines LTD (spin out from Anglo Gold)

advances project 2006 and 2007 with drilling identified through the three seasons of drilling

• Total investment of 2010-2011 $2.4 million with additional resource estimation pending

er Whistl age Anchor


Terra Project Highlights: • • • • •


Location The Terra Project is located 130 miles west of Anchorage, Alaska in the Revelation Mountains. Located in southwestern Alaska at 61° 41’ 52.17”N latitude by 153° 41’ 05.59W longitude.

Access: The project is remote accessible only by air.

Claims: The property consists of 344 Alaska

State Mining claims covering approximately 85 square miles. Drilling: A total of 36 drill holes have been completed on The Terra Project resulting in the identification of a gold and silver resource that continues to grow. Drilling on the Ben Vein has outlined an open-ended mineralized zone over 350m long and 350m down dip with an average true width of ~1.3m at an average grade of 23 g/t gold. Drilling on the project has identified numerous veins, which in total offer potential of greater than 1 million ounces. Environmental baseline studies are underway, on the The Terra Project in anticipation of future development. Ben Vein: The veins have excellent gravity recovery characteristics for gold from the ore (+80%), the veins have favorable mining configuration and their high-grade nature are all positive aspects for near-term development.




+Letter of intent for joint venture +Key personnel and equipment positiioned





2011 [June]

+Terra Camp opens + JV agreement + Camp Opens +Surface sampling signed with ITH + Mill site setup & geo samples +Visible gold + Mill site ships collected recognized to Terra Camp + Geological Exploration




+ Continue Drilling + Drilling + Commencement of bulk Commences sampling plant, operations + Excavating and mining operations at Commences Ben Vein + Corvus Site Visit

2012 Proposed Program The goal for 2012 is to drill, to increase gold resource, produce gold from the bulk sample plant, and site survey activities for a scoping study in 2013. WestMountain Gold (WMG) is planning a 2012 program that will focus on the following accomplishments:

Key Accomplishments in 2011 • The extension of the Ben Vein zone two hundred meters to the north. This extension has opened up a large area for further development and adds to the viability of construction of a Camp Level adit with year round operations. • The mobilization of the bulk sample pilot mill to Terra Camp. • The procurement and mobilization of the excavator to the Ben Vein area and the construction of the cat trail, drill pads, removal of Ben’s tailings and opening up the Ben vein. Surface field work in 2011 has generated numerous geochemical anomalies at Ben Vein, Hartman River, and Ice Vein in which to expand on in future years.

• Continue drilling the Ben Vein with extension and infill drill holes • Continue exploration on porphyry intrusive related gold target • Commencement of bulk sample plant operations • Commencement of bulk sample mining operations at Ben Vein • Continue surface exploration (mapping and sampling) on Ben Vein (South Extension) • Continue environmental baseline sampling (water) • Conduct a site survey for upper Ben Vein adit entrance • Conduct site survey at Strand Pass for future development (survey & auger drilling) • Conduct road survey from Strand Pass to Terra Camp • Conduct satellite aerial survey of Terra claim block • Conduct a Airborne Geophysics over project area • Conduct ground geophysics along strike of vein system


Management Team Gregory Schifrin | Chief Executive Officer, President & Director

• Successful businessman and professional geologist with 28 years of exploration and mining experience. • Founder and President of Minex Exploration & Selkirk Environmental, President  and Director of Silver Verde May Mining Company, CEO Golden Eagle Mining,  BSc in Geology & “Qualified Person”

James G. Baughman | Chief Operating Officer, Director

• Geologist & business executive with 25 years of gold and uranium exploration and  development experience. • Cofounder High Plains Uranium, led successful TSX IPO (2005); Director of Big Bear Mining Corp; BSc Geology & “Qualified Person”

Mark Scott | Chief Financial Officer, Secretary

• Mr. Scott has significant financial, capital market and relations experience in public microcap gold, silver and technology companies. • CFO of WestMountain Gold, Sonora Resources Corp, U.S. Rare Earths, Inc. and Visualant, Inc.

Mike Lavigne | Director

• 30 years experience in financing small caps. • Principal of Capital Peak Partners and CEO Silver Verde May Mining Company

Kevin Cassidy | Director

• Managing Member and Founder of Logic International Consulting • Former COO of Bank Julius Baer and Managing Director of UBS

Herbert L. Haft | Investor relations, communications

• President, The Haft Group,Inc, Investor & Public Relations Council. 35 years experience representing micro cap and small cap equities in the US, Canada, UK and Peru. • Served as corp vice president for the then Warner Communications, public relations director for Esquire and GQ magazines, former limited partner on the NYSE, and active in the financial community.

WestMountain Gold, Inc 120 East Lake St., Suite 104 Sandpoint, ID 83864 Tel: (208) 265-1717 Fax: (208) 906-8621 2186 S. Holly St., Suite 104 Denver, CO 80222 Tel: (303) 800-0678 Fax: (208) 906-8621


G O L D, I NC .

The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements included in the Company’s SEC Filings. As used in this Document, the “Company” refers to WestMountain Index Advisor, Inc. (WestMountain Gold, Inc.) also known as Terra Mining Corporation.

THE COMPANY WestMountain Gold, Inc. (the “Company”) engages in the acquisition, exploration, and development of mineral properties. The Company primarily focuses on gold. West Mountain owns two subsidiary companies, Terra Mining Corporation (TMC) that engages in acquisitions of high quality gold resource projects and Terra Gold Corp (TGC) an Alaskan subsidiary engaged in gold exploration and development in Alaska. Terra Gold Corp entered into (September 2010) a Joint Venture (JV) opportunity to earn an 80% ownership interest after 9.5 million dollar expenditure in a group of State of Alaska mineral claims, the Terra Project, located off the Hartman River in the Alaska Range. WestMountain believes that these claims are a rare opportunity for development of a high quality Bonanza Gold Vein deposits in Alaska, unique in its exceptional enrichment in gold and silver mineralization, with the potential for a million ounce gold deposit. The Company was incorporated on October 18, 2007 under the laws of the State of Colorado and is headquartered in Denver, Colorado. WestMountain Index Advisor, Inc. currently trades on the OTC Bulletin Board under the symbol “WMTN”.

THE TERRA PROJECT Target Type: High-grade gold system, Resource Definition Phase, Porphyry intrusive related gold target, Cash Flow History: Outcropping gold veins were first discovered at Terra in the late 1990s by Kennecott Exploration, who transferred ownership of 5 State of Alaska claims (800 acres) to one individual. AngloGold Ashanti Exploration (U.S.A.) Inc. acquired 100% of the Terra project in 2005 and conducted initial drill testing which returned encouraging results. ITH acquired the project in 2006 as part of a take-over of the AngloGold exploration assets in Alaska. The drilling conducted by ITH in 2006 and 2007 outlined highly attractive high-grade gold vein systems, which has now moved to the initial stage of resource development and expansion. TMC signed a Letter of Intent in February 2010 with ITH and TGC signed a JV Definitive Agreement in September of 2010 with Raven Gold Corp a wholly owned subsidiary of Corvus Gold to acquire an 80% interest in the project and form a JV company and act as operator. The Company was able to secure this project as ITH was occupied in development of a large gold deposit in another part of Alaska. Land Status & JV Agreement: Property consists of 344 Alaska State Mining claims covering approximately 85 square miles (Figure 1). All Government permits and reclamation plans are current through 2014. Terra Gold Corporation (TGC) has a Joint Venture (JV) Agreement with Raven Gold Corp, a subsidiary of Corvus Gold, Inc. and International Tower Hill Mines, Ltd. (ITH) for 80% interest on the Terra Project through expenditures of $9,050, 000 of work into the project over four years plus a $450,000 payment to Corvus Gold. Background: The Terra Property is located between the Revelation and Terra Cotta mountains in southwestern Alaska at 61° 41’ 52.17”N latitude by 153° 41’ 05.59W longitude. The infrastructure at the project consists of a modern camp with a fully equipped core facility, kitchen and tents to accommodate 25 people, small bulldozer, excavator, bobcat, wireless internet and a pilot mill on site. The 800m gravel airstrip provides year-round aircraft access and will be expanded 700m to handle larger aircraft in 2012. | WMTN - OTC



G O L D, I NC .

A total of 36 diamond drill holes have been completed on the Terra Project property. The primary target covers a 5km area with highgrade gold mineralization located in four vein zones (Fish, SD, Ice and Ben Vein zones in Figure 1). These vein systems appear to be intimately associated with the margins of the Donlin Creek age diorite intrusions (67 Ma) and generally trend north to northwest. To date, our focus has mainly been on the Ben Vein. A NI 43-101 compliant resource model was created in the first quarter of 2008 and updated for Terra Mining Corp in June of 2010. Figure 1: Terra Property illustrating target vein locations

The Ben Vein contains a core zone of about 23 grams/ton (g/t) gold at a 3 g/t cutoff which expands significantly when the cutoff is lowered to 1 g/t. Drilling on the Ben Vein has outlined an open-ended mineralized zone over 550m long and 350m down dip with an average true width of ~1.3m at an average grade of 23 g/t gold. The drilling on the project has identified numerous gold bearing veins, which in total offer potential of greater than 1million ounces gold present. In 2011 a 25 ton per day pilot mill for bulk sample mining was constructed at the Terra Project. In 2012 bulk sample mining and pilot milling of ore with gold production will begin. Environmental baseline studies are underway on the Terra Project in anticipation of future development. | WMTN - OTC



G O L D, I NC .

The Terra Project mineralization has been characterized as deep epithermal and could have significant extent down dip and along strike. Furthermore, there is potential to develop a number of continuous high-grade veins forming a promising mining target. Gold characterization work on the Ben Vein indicates a very large percentage (+80%) of the gold and silver reports to a gravity concentrate. The 2005-2007 results for the Ben Vein Area are encouraging not only because they outlined a consistent and well mineralized main vein structure but also because a large number of well-mineralized subsidiary veins were encountered. These subsidiary veins offer significant potential for expansion of the system with intercepts such as holes TR-07-20 with new footwall zone of 0.6m @ 43.2 g/t gold and TR-0722 with new hanging wall zone 0.8m @ 14.5 g/t gold. From the data currently available it appears that a higher grade shoot is developing within the overall Ben Vein system which could form the nucleus for an initial mining target on the project. In 2011 drill results from the 4 holes drilled that intersected the Ben Vein and extended the mineralized zone 200 meters north. An updated resource model will be forthcoming in future 43-101 reporting. Preliminary proforma cash models of a prospective deposit look highly positive.

Opportunity: The Terra Project has significant potential for not only the development of a large high-grade gold deposit but for nearterm production from our pilot mill on-site. The excellent gravity recovery characteristics of the ore (+80%), favorable mining configuration and the high-grade nature of the deposit are all positives for near-term development of the initial ore zone while underground exploration is developing additional ounces. WestMountain has positioned the property for near-term small-scale production transitioning to anticipated 30,000 ounce per year mine operation. Data Available: WestMountain has the ITH surface and subsurface geochemical and geological database including geological mapping, gold characterization study, and structural interpretations as well as the historical Kennecott Exploration surface geochemical data and geological map. The State of Alaska has airborne geophysical data over this area acquired in 2008, which has been interpreted by the Company’s geophysicist. In 2011, drill data from the 4 drill holes and data from rock, soil and stream sediment geochem data collected, identified new areas with gold anomalies that are being explored by the company. 43-101 Report-June 2010 Terra Project Technical Report available at | WMTN - OTC



G O L D, I NC .

Figure 2: Ben Vein long section (cross section view of vein and mountain) showing drill intercepts (pierce points of the vein) and the most prospective areas for mining based on these results.

Figure 3: Ben Vein visible gold | WMTN - OTC



G O L D, I NC .

Moving Forward • Identification of additional high grade veins within the structural zone to increase potential gold resources to over one million plus • • • •

ounce potential Upgrade and increase the ITH NI 43-101 inferred 168,000 oz gold resource and advance project to a measured and indicated resource 2012 bulk sampling program with anticipated revenues from gold production Exploration for bulk mineable intrusive deposits Cash flow through pilot bulk sample mining & milling converting to 30,000 ounce gold per year mine operation | WMTN - OTC


100 meters

2011 Drill Holes

33 34B 25 12 31 11 4

1 2

Ben Vein

21 19 24

Au g/t 321.00 319.00 11.00 1035.00 13.05

Ag g/t 698.00 14.55 35.30 2530.00 30.00

Ben Vein Plan + 30 g/t AU


Sample 903103 903104 903105 903106 903107

2010 Surface Rock Samples



Donlin Creek

Ben Vein Plan + 10 g/t AU

Proposed Adit

28 27 26

18 20 22 16 23 Proposed Drill Hole Pad



2011 Extension





Whistler Anchorage




Ben Vein

35.29 76.69 139.59 21.00 111.04 115.52 117.00 117.30 117.65 121.60 122.00 122.50 123.00 123.60 124.00 124.30 124.65 114.00


WGC-34B-11 WGC-34B-11 WGC-34B-11


Drill Hole 35.44 76.89 139.90 21.30 111.40 115.82 117.30 117.65 117.95 122.00 122.50 123.00 123.60 124.00 124.30 124.65 125.00 114.53


Au g/t 31.80 12.05 15.60 8.01 35.70 18.30 8.88 7.71 6.26 5.58 13.40 6.10 4.84 4.75 14.05 42.00 10.70 25.60


0.15 0.20 0.31 0.30 0.36 0.30 0.30 0.35 0.30 0.40 0.50 0.50 0.60 0.40 0.30 0.35 0.35 0.53

2011 Drill Results

15.20 6.30 138.00 68.50 174.00 121.00 42.10 4.60 7.70 26.30 15.10 18.40 24.90 63.90 429.00 445.00 28.30 4.90

Ag g/t

Terra Gold Project Alaska


WesMountain Gold Investor Documents  

WesMountain Gold Investor Documents March 2012

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