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Gowest Gold Ltd.
Summary
| Project: | Bradshaw | |
|---|---|---|
| Deposit: | Bradshaw | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 7-7-2017: Gowest Gold Ltd. announces an Exploration/Drilling Update report for its Bradshaw deposit at the Bradshaw project. Drilling results incl. 7.7m @ 8.26g/t Au from 38.5m. TORONTO, ONTARIO – Marketwire – July 07, 2017: Gowest Gold Ltd. (“Gowest” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kevin Montgomery (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – Marketwire – July 07, 2017: Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX-VENTURE: GWA) is pleased to announce the results from the recently completed Advanced Exploration (“AE”) drill program at the Bradshaw Gold Deposit (“Bradshaw”). The Company completed 2,097 metres (“m”) of HQ* diameter drill core from 23 holes, all drilled in the area where the 30,000 tonne AE bulk sample is to be collected. (*Approximately 63.5 mm.) Observed Jeremy Niemi, Gowest’s Director of Exploration, “We are very pleased that every drill hole in this drill program intersected gold mineralization. This gives us confidence in our resource model and with several holes intersecting gold grades higher than anticipated it supported our interpretation that the Bradshaw Deposit has room to grow and the potential to be a very successful gold mine.” "These findings further support our conviction that the Bradshaw Gold Deposit will be the next new mine in the Timmins Camp," commented Gowest CEO, Greg Romain. "More importantly though, these drill results also provide a strong demonstration of the significant upside potential of the deposit that has thus far been untapped.” The proceeds derived from the sale of the Shares will be used to fund the exploration work on the Company's North Timmins Gold Project and for general working capital purposes. In connection with the Offering, the Corporation paid certain finders fees totalling $60,000 in cash and 130,435 non-transferable compensation warrants. Each compensation warrant entitles its holder to acquire one common share in the capital of the Company at a price of $0.23 per share for a period of two years after the closing date. | |
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