On October 23, 2024, Westmount Minerals Corp. (CSE: WMC) announced a strategic shift in its operations, focusing exclusively on precious minerals assets. The company is particularly emphasizing its Douay East Gold Property located in a prolific gold-producing region in Quebec.
The Douay East property is strategically positioned about 32 kilometers south of Matagami within the Casa Berardi Deformation Zone, which is known for hosting past producing gold mines and current gold exploration projects. In close proximity to advanced stage gold exploration projects like Douay Gold Project, Vezza Gold Project, and N2 Gold Project, the property has shown potential for gold mineralization.
Westmount Minerals Corp. has undertaken various exploration programs on the Douay East property, including high-resolution airborne magnetic surveys and Soil Gas Hydrocarbon Surveys. The company has identified multiple targets for gold mineralization and is preparing for diamond drilling to test priority targets.
In addition to focusing on Douay East, the company is also evaluating properties in established gold mining districts to expand its high-quality asset portfolio. The announcement also includes the resignation of Mr. Kenneth Cawkell as a director and the termination of non-core property agreements.
The content of this news release has been reviewed and approved by Mr. Jamie Lavigne, P.Geo., a Qualified Person as defined by National Instrument 43-101. Westmount Minerals Corp. is a mineral exploration company with a focus on developing gold projects in Canada, aiming to create value for shareholders through disciplined exploration and development of high-quality assets.
