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Gowest Gold Ltd GWSAF


Primary Symbol: V.GWA

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

Comment by Toweringmarson Jun 19, 2024 9:31am
109 Views
Post# 36095690

RE:Worth a repost. Potential for some great news here.

RE:Worth a repost. Potential for some great news here.

Good post Checkmate, just playing devils advocate per usual, but wasnt one of the reasons this deposit wasnt found and staked by the majors in the area because there was so much overburden that things were relatively invisible to IP work? 

Surely these geo's know what they're doing, just seemed a little odd to spend money trying to find new targets instead of earmarking the money to fully defining the strike we DO know about.

Surely defining more targets in the same camp will help sell this to new investors and get us cashed propperly to become our own operator, but it seems like they're always a new hurdle away from actually starting.

Slowely but surely I suppose.

checkmate28 wrote:

Drilling started Nov 2023 and weve received about 1/3 of the 15000 meters so far. They should get an updated resource off these results that hoefully should support some higher mining/milling rates. 

Phase 2 Surface Diamond Drilling Update

  • Phase 2 consists of a total of 16,500 m of planned drilling aimed at testing and expanding the known gold mineralization within the Bradshaw Gold deposit, as well as in other parts of the NTGP area with notable historical gold intercepts in prospective gold mineralization zones, particularly in the Roussain and Sheridan zones.

  • Gowest has contracted Orbit Garant Drilling Services (Orbit) to complete its Phase 2 exploration drilling program. Orbit is employing two YS-200-type surface drill rigs. The first hole of the Phase 2 drilling (GW23-336) started in November 2023 at Bradshaw. The second drill rig was mobilized in the Roussain area in the first week of February 2024, and it is currently drilling the third hole (GW24-345).

  • In this program to date, 4,416 m has been drilled at Bradshaw, and 745 m in the Roussain gold zone, for a total of 5,161 m.

  • Highest assay intercept to date: 58.6 grams per tonne (g/t) gold (Au) over 1 m in hole GW23-339 from New Hangingwall Zone.

  • Several new hanging wall zones were cut, with the thickest intercept being 3.55 g/t Au over 6.2 m in hole GW23-339.

Overview-Phase 2:

Plans for this new $10,000,000 exploration program on the NTGP include evenly splitting the funds between underground drilling and surface exploration. The surface drilling program, budgeted at $5 million, mainly entails diamond drilling. A total of 16,500 m is planned for the central to western portion and the depth extension of the Bradshaw deposit (10,000 m), the Sheridan Zone (2,500 m), the Roussain Zone (2,500 m), as well as Induced Polarization (IP) targets (1,500 m). An IP geophysical survey is also planned to generate new targets on the NTGP area for further surface exploration.

Dan Gagnon, President and Chief Executive Officer of Gowest, said: "We continue to be highly encouraged by the positive results of this latest phase of exploration drilling across both Bradshaw and our other clearly prospective gold zones. This latest phase of exploration is bringing us another significant step forward in our commitment to expanding our resources. It also provides a strong foundation for our potential to develop more than one important new mine on our property in the Timmins gold camp. Meanwhile, we also look forward to restarting our underground mining work at Bradshaw soon."

 It would be nice to finally get a suprise on the positive side. 


 

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