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TORONTO,
ONTARIO--(Marketwire - Jan. 25, 2010) - Gowest Amalgamated Resources
Ltd. ("Gowest"
or the "Company") (TSX VENTURE:GWA) today provided an update
of the Company's 2010 development program for its Frankfield Project in
Timmins, Ontario.
- The 20,000 metre drill program commenced on January 19, 2010. This program will be completed in two phases with the first phase taking place in the winter months followed by the second phase after the spring thaw. This program is aimed at expanding the known resource base at the Frankfield East deposit and exploring additional gold anomalies located along similar geological contact structures; - Additional metallurgical testing to refine processing alternatives for the Frankfield mineralization; - Completion of an environmental baseline study to allow for future bulk sampling and mining; and - Evaluation of site locations for a Frankfield processing facility.
Greg
Romain, President & Chief Executive Officer of Gowest, commented,
"This will be a very busy and exciting year at Gowest as we begin
to execute the largest drill program ever planned on the Frankfield
Gold Project and as the company works toward demonstrating the economic
viability of the Frankfield East gold deposit. We look forward to
reporting results as they become available."
Qualified Person
This press release has been reviewed by Mr. Darren Koningen, P. Eng.,
Gowest's Vice President of Technical Services. Mr. Koningen is a
Qualified Person under National Instrument 43-101.
About Gowest
Gowest is a Canadian gold exploration and development company focused
on financing, exploring, growing and mining its 100% owned 510,000 oz
(2,200,000 tonnes @ 6.5 g/t, 43-101 inferred resource) Frankfield East
gold deposit, part of the greater Frankfield Project in the prolific
Timmins gold camp.
Forward-looking statements
This news release contains certain "forward looking
statements". Such forward-looking statements involve risks and
uncertainties. The results or events depicted in these forward-looking
statements may differ materially from actual results or events. Any
forward-looking statement speaks only as of the date of this news
release and, except as may be required by applicable securities laws,
the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
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