Business
Westmount Minerals Focuses on Douay East Gold Project, Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Westmount Minerals Corp. (CSE: WMC) ("Westmount" or the "Company") is pleased to announce a s
About this update from Westmount Minerals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Westmount Minerals Corp. (CSE: WMC) (\"Westmount\" or the \"Company\") is pleased to announce a strategic shift in its operations, focusing exclusively on precious minerals assets, and in particular its Douay East Gold Property which is located in one of Quebec's most prolific gold-producing regions. This renewed direction includes the termination of its non-core properties as the Company concentrates on high-potential gold exploration opportunities. Douay East: Positioned for Exploration Success Located approximately 32 kilometers south of Matagami, the Douay East property is located within the regional scale Casa Berardi Deformation Zone which hosts past producing gold mines, the currently producing Casa Berardi Gold Mine and numerous gold exploration projects. The property is adjacent to 3 advanced stage gold exploration projects; the Douay Gold Project, operated by Maple Gold Mines Ltd. (with joint venture partner-Agnico Eagle Mines Ltd.) is located to the west of the Property, the past producing Vezza Gold Project is located to the north, and the N2 Gold Project owned by Wallbridge Mining Company Limited is located to the east of the property. The Douay East property has been the subject of both base metal and gold exploration programs. Historical geophysical exploration programs include magnetic, electromagnetic, and induced polarization surveys. During a gold exploration program completed in 1996 and 1997, 17 diamond drill holes were completed 13 of which contained anomalous Au assay values. Westmount has completed a high resolution airborne magnetic survey covering the complete property and has a completed a Soil Gas Hydrocarbon Survey (\"SGH\") consisting of the collection, analyses, and interpretation of 1,017 soil samples over 3 target areas. The Company has identified multiple targets to host gold mineralization and is currently preparing a permit for diamond drilling to test priority targets. Looking Ahead As Westmount sharpens its focus on Douay East, the Company is also evaluating additional properties in well-established gold mining districts. This approach aligns with Westmount's strategy of building a high-quality portfolio of assets in known gold-producing regions. Director Resignation The Company also announces that Mr. Kenneth...