Gowest reports "highest ever" gold values Gowest reports "highest ever" gold values
File photo of gold-bearing drill samples from the Gowest Gold Bradshaw property located north of Timmins. The company this week is reporting its “highest ever” gold values from recent drilling there. LEN GILLIS / The Daily Press
TIMMINS – Gowest Gold, a junior mining company in Timmins, has reported finding its highest ever gold values from the Bradshaw Gold Deposit.
In a news release issued this week the company reported its first assay results from the recently completed underground infill drilling program.
The Bradshaw project is part of Gowest’s North Timmins Gold Project, located roughly 30 kilometres north of the built-up area of Timmins, northeast of the Kidd Mine.
"We are extremely pleased with the results of this infill drilling campaign," said Gowest President and CEO, Greg Romain. "We have seen evidence for years indicating that Bradshaw has not yet revealed its full potential. In intersecting the highest ever gold values, we feel we have clearly demonstrated the significant upside of our project and are still further encouraged about the coming results of our bulk sample program."
The release said results have been received from 17 of the 29 holes drilled in the campaign, and assay results from the remaining holes are expected in the coming weeks.
Highlights of the drilling include the following results:
-Hole BGM17-045-015 intersected 156 grams per tonne (g/t) (5.02 oz/t) of gold over 1 metre (m). This is the highest gold sample intersected to date at the project. Located within 2.5m grading 66.7 g/t (2.14 oz/t).
-Hole BGM17-045-004 intersected 1.75 m grading 11.0 g/t (0.35 oz/t) gold, including 0.5 m grading 26.5 g/t (0.85 oz/t).
-Hole BGM17-045-014 intersected 1.05 m grading 16.4 g/t (0.53 oz/t) gold including 0.5 m grading 32.2 g/t (1.04 oz/t).
The company release said the infill underground drill program is being conducted as part of the plan to gather as much information on the deposit as possible, including tightening the drill spacing in order to increase the technical team's detailed knowledge of the mineralized structures.
So far, 29 holes have been completed for a total of 3,604 metres. The company said this reduces the distance between drill holes in the area of the advanced exploration bulk sample to between 12.5 metres and 20 metres. As expected, all holes intersected gold mineralization to contribute to the geological model supporting the bulk sample, said Gowest.
In addition to the infill drilling, one exploration hole is in progress to test an area directly north of the bulk sample where historical drilling indicated potential for a new gold zone, said the company.
In order to confirm these “exceptional results”, Gowest said it completed check assays on the remaining pulp and coarse rejects from the material retrieved from Hole BGM17-045-015. A second assay of the pulp returned 119 g/t gold, while five new samples from the remaining material from sample preparation resulted in values ranging between 99.3 g/t and 183 g/t, with an average value of 136.9 g/t gold.
This is all part of Gowest’s effort at advancing underground development at Bradshaw for the extraction of a 30,000 tonne bulk sample. The company said it is preparing for its first shipment of ore to the Liberty Mill, likely to happen later this month
Gowest reports "highest ever" gold values