Gowest Amalgamated Resources Ltd.

Published : August 21st, 2017

Gowest Gold Advances Bradshaw Close to First Ore Zone

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Gowest Gold Advances Bradshaw Close to First Ore Zone

TORONTO, ONTARIO--(Marketwired - Aug 21, 2017) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update on its progress on the Company's Advanced Exploration - Bulk Sample program at its wholly-owned Bradshaw Gold Deposit ("Bradshaw.")

Highlights

  • Ramp development exceeds 350 meters; closing in on first ore zone
  • Operating two shifts at the mine site, seven days per week, 24 hours per day.
  • Ore-sorter expected to arrive at site by end of Q3
  • Completed detailed bulk sample mine plan.
  • Water treatment plant and ponds to be commissioned by the end of Q3.
  • Continuing work with Northern Sun Mining Corp. ("Northern Sun") to close transaction to operate and co-own Redstone Mill
  • Expect first shipment of ore to the mill in Q4.
  • On track to meet our milestones.

Greg Romain, Gowest's President said, "We are extremely pleased with all that we have been able to accomplish in recent months as we have moved from breaking ground to closing in on the first mineralized zone. We are extremely confident that we are on the right path, with the right team and partners to enable Bradshaw to become the next new gold mine in the Timmins Camp."

UPDATE:

Ramp development

Since Gowest initiated underground development at the Bradshaw mine site in Q2 2017, the mining team has advanced more than 350 metres. The development work includes the main ramp decline to the south in anticipation of reaching the first mineralized zone in mid Q3 to begin the 30,000 tonne bulk sample. An underground diamond drill station has been driven off the main ramp decline and will be used to further delineate the mineralized zones for the bulk sample and future mining.

Ore sorter

The X-ray ore sorting unit supplied by Steinert US, which is to be used to sharply reduce processing cost by increasing mill feed grade and reduce tons milled, is currently in transit from Europe and scheduled to arrive at site near the end of Q3. The run of mine (ROM) ore will first be crushed before it is sent through the ore-sorter.

Mine plan

A previously announced definition drilling program from surface (see Gowest news release dated July 7, 2017) enabled Gowest to refine its geological model and the stope design in the upper portion of the Bradshaw deposit where the bulk sample will be extracted. Using the results of this program, the Company has optimized its bulk sample mine plan for Bradshaw.

Water Treatment

The water treatment plant will be delivered in late August. Pond work will be completed in early September and commissioning is expected by the end of Q3.

Redstone Mill

Gowest announced the execution of the definitive agreement with Northern Sun to create a 50/50 joint venture corporation that will own and operate the Redstone Mill (see Gowest news release dated June 16, 2017.) The parties are working together to obtain required third party consents and regulatory approvals and to satisfy other typical closing conditions. Gowest does not expect any delay in being able to use the mill to process the mineralized material from the bulk sample when it arrives at site.

First Ore

The Company expects to ship the first ore to the mill early in the first half of Q4. The gold concentrate will then be shipped to a refinery for final processing and sale.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Corporation's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the *Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Kevin Montgomery, P.Geo., Gowest's Manager of Exploration, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward-Looking Statements

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. 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.

Read the rest of the article at https:

Gowest Amalgamated Resources Ltd.

EXPLORATION STAGE
CODE : GWA.V
ISIN : CA38383Q1090
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Gowest Res. is a gold and copper exploration company based in Canada.

Gowest Res. holds various exploration projects in Canada.

Its main exploration property is FRANKFIELD in Canada.

Gowest Res. is listed in Canada. Its market capitalisation is CA$ 44.6 millions as of today (US$ 32.9 millions, € 29.6 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 0.70, and its lowest recent point on January 23, 2009 at CA$ 0.02.

Gowest Res. has 297 420 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Option Grants of Gowest Amalgamated Resources Ltd.
2/28/2011Grant of 2.575.000 Options to directors, officers and consu...
Nominations of Gowest Amalgamated Resources Ltd.
6/6/2011Gold Appoints New Board Member
Project news of Gowest Amalgamated Resources Ltd.
5/29/2013(Frankfield)Gold Signs Letter of Intent; Plan to Process Frankfield East...
4/8/2013(Frankfield)Gold Intercepts 5.42 g/t Gold Over 12.3m at Frankfield East
1/7/2013Files NI 43-101 Technical Report on SEDAR
11/12/2012Advancing Towards Early Gold Production with Third Party Pro...
11/12/2012Advancing Towards Early Gold Production with Third Party Pro...
7/13/2011(Frankfield)Continues to Define Deep Mineralisation Extensions at Frankf...
12/1/2010(Frankfield)Completes Acquisition of 100% Interest in Additional Mining ...
1/25/2010(Frankfield)20,000 Metre Drill Program Underway at The Frankfield Gold P...
2/15/2006(Frankfield)2006 Technical report
Corporate news of Gowest Amalgamated Resources Ltd.
6/29/2016Gowest Gold Enters Into Right to Negotiate A Milling Agreeme...
6/22/2016Gowest Gold Announces Grant of Options
6/16/2016Gowest: Fully Permitted for Advanced Exploration
5/30/2016Gowest Gold Leveraging Latest Exploration Results Along Pipe...
4/28/2016Quarterly Activities Report - March 2016
1/28/2016Quarterly Activities Report - December 2015
1/22/2016Appointment of New Directors
1/15/2016Fortune Future Holdings invests $2 million in Eastern Iron L...
12/22/2015Gowest Closes Private Placement
12/21/2015Gowest Announces Private Placement
10/29/2015Gowest Completes Early Exercise of Warrants
9/24/2015Gowest Provides Further Update on Early Exercise of Warrants
9/16/2015Gowest Provides Update on Early Exercise of Warrants
8/26/2015Gowest Announces Program to Encourage Early Exercise of Warr...
8/26/2015Gowest Completes Acquisition of 100% Interest in Claims Adja...
8/13/2015Gowest Gold Reaches Another Major Milestone
7/22/2015Gowest Enters Into Agreement to Acquire 100% Interest in Cla...
7/15/2015Gowest Gold: Permitting Process Advancing for Bradshaw Gold ...
6/23/2015Gowest Gold Announces Grant of Options
1/7/2015Gowest Gold Granted Additional Extension for Letter of Inten...
11/7/2014Gowest Announces Appointment of New Director
7/8/2014Gowest Gold Granted Further Extension for Letter of Intent W...
10/22/2013Signs Letter of Intent to Receive $1.5 Million for 2 Percent...
10/3/2013Gold Issues Shares in Lieu of Cash
9/11/2013Gold Continues to Advance Bradshaw Gold Deposit Towards Prod...
8/16/2013Gold Renames Areas in Honour of Key Contributors
7/5/2013Gold Regrets the Passing of Randal Roussain
7/5/2013Gold Regrets the Passing of Randal Roussain
6/19/2013Gold Intercepts 5.01 g/t Gold Over 4.4 M on New Target Area ...
4/15/2013Gold Issues Final Tranche of Shares to Mattagami First Natio...
1/14/2013Gold Joined by Senior Engineering Consultant
9/10/2012Demonstrates Potential to Reduce Capital and Operating Costs...
10/6/2011Gold Update
7/19/2011Announces $3,200,000 Offering
6/14/2011Gold Ltd. Retains Renmark Financial Communications Inc.
5/31/2011Gold Announces Conference Call Wednesday 11am ET Correspondi...
2/17/2011Gowest Amalgamated Resources Ltd=2E: Implementation of Share...
2/17/2011Implementation of Shareholder Rights Plan
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GWA.V)
0.150+3.45%
TSX-V
CA$ 0.150
09/18 14:57 0.010
3.45%
Prev close Open
0.145 0.150
Low High
0.150 0.150
Year l/h YTD var.
0.050 -  0.150 36.36%
52 week l/h 52 week var.
0.050 -  0.150 42.86%
Volume 1 month var.
3,949 3.45%
24hGold TrendPower© : -24
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202436.36%0.150.05
202357.14%0.260.06
2022-48.15%0.200.06
2021-60.29%0.380.13
202047.83%0.510.10
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.