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Gowest Gold Ltd V.GWA

Alternate Symbol(s):  GWSAF

Gowest Gold Ltd. is a Canada-based gold exploration and development company. The Company’s projects include Frankfield, Pipestone, Tully and Whitney. The Company is focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property. The Frankfield Property covers an area of approximately 842 hectares and is comprised of eight mining leases. The Company’s wholly owned Pipestone East Gowest, which consists of 21 unpatented mining claims (4,274 hectares). The Tully North Property is located three kilometers (km) northeast of the Bradshaw Gold Deposit and is comprised of one mining lease and one unpatented claim totaling 228 hectares. The Gowest Whitney Property consists of nine patented claims (mining and surface rights) totaling approximately 144 hectares. It is located in the center of the Timmins Gold Camp, 10 km west of downtown Timmins, Ontario and 25 km south of the Bradshaw Gold Deposit.


TSXV:GWA - Post by User

Bullboard Posts
Comment by TedOwenson Jun 24, 2012 1:54pm
309 Views
Post# 20049251

RE: GoWest Gold Due Dilligence

RE: GoWest Gold Due Dilligence

The developing Frankfield setting does have significant continuous strike length attributes being revealed throught drilling and this is a major reason why the company is seeking out additional property acquistiions along the same trend. In retrospect though, this same setting has a relatively narrow system corridor signature in which the economic gold mineralization zone is contained within and as such, the model appears to have relatively modest volume capacity which would exceed 2-3 million ounces measured. This scenerio may be challenged over time with a lot more drilling but when comparing the current Frankfield exploration model against the historicaly productivel systems, it becomes apparent that Frankfield will accordingly return smaller volumes of potential gold mineralization. Frankfield will become economic over time but increasing system widths will need to be encountered along the way before it would be considered to represent having major deposit considerations.

 

The market appears to have agreeance with the underlying notions of the above statement and this is supported by the low share price that has been placed against GWA in spite of having almost a couple million ounces of gold in the picture.

 

Tedsky,

Bullboard Posts