Gowest Gold Intersects 66.7 g/t (2.14 oz/t) Gold Over 2.5 Metres From Advanced Exploration Drilling at Bradshaw

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Gowest Gold Intersects 66.7 g/t (2.14 oz/t) Gold Over 2.5 Metres From Advanced Exploration Drilling at Bradshaw

TORONTO, ONTARIO--(Marketwired - Nov. 29, 2017) - Gowest Gold Ltd. (TSX VENTURE:GWA) (the "Company") is pleased to report the first assay results from the recently completed underground infill drilling program at the Bradshaw Gold Deposit ("Bradshaw"). Results have been received from 17 of the 29 holes drilled in this campaign, and assay results from the remaining holes are expected in the coming weeks. (see tables below)

Highlights include:

  • Hole BGM17-045-015 intersected 156 grams per tonne (g/t) (5.02 oz/t) gold (Au) 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) Au
  • Hole BGM17-045-004 intersected 1.75 m grading 11.0 g/t (0.35 oz/t) Au, including 0.5 m grading 26.5 g/t (0.85 oz/t) Au
  • Hole BGM17-045-014 intersected 1.05 m grading 16.4 g/t (0.53 oz/t)Au including 0.5 m grading 32.2 g/t (1.04 oz/t) Au

"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 infill underground drill program is being conducted as part of the Company's 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. Twenty-nine (29) holes have been completed so far for a total of 3,604 metres, reducing the distance between drill holes in the area of the advanced exploration bulk sample to between 12.5 and 20 m. As expected, all holes intersected gold mineralization to contribute to the geological model supporting the bulk sample.

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.

In order to confirm these exceptional results, the Company 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.

Advanced Exploration Bulk Sample Program

As previously announced, the Company is currently advancing underground development at Bradshaw in preparation for the extraction of up to a 30,000-tonne bulk sample. The bulk sample is being taken from an area of the deposit closest to the portal opening and targets a cut off of 3 g/t gold. The ore will be sorted (see Gowest news release dated September 27, 2017) at the Bradshaw site to increase the head grade to the mill by removing non-mineralized material. Enhanced ore will be trucked to the Liberty Mill where a saleable concentrate will be produced. It is anticipated that the first ore shipment to the mill will commence next month.

Table 1. Gold intersections

Hole   From   To   Length   Au (g/t)
BGM17-045-001   65.70   66.00   0.30   12.0
and   97.75   98.30   0.55   3.92
and   106.25   106.80   0.55   7.61
and   108.60   109.25   0.65   5.26
BGM17-045-002   81.00   83.00   2.00   5.02
including   81.00   81.50   0.50   18.9
and   115.50   115.80   0.30   11.0
and   136.20   136.60   0.40   4.19
and   154.80   155.25   0.45   3.70
and   214.50   220.00   5.50   3.26
and   225.00   226.70   1.70   4.46
BGM17-045-003   75.50   77.00   1.50   3.66
including   76.40   77.00   0.60   7.14
and   127.25   127.55   0.30   5.17
and   220.40   221.20   0.80   9.2
BGM17-045-004   84.75   86.50   1.75   11.0
including   86.00   86.50   0.50   26.5
and   116.80   117.10   0.30   3.29
and   122.30   122.60   0.30   3.69
and   173.30   176.50   3.20   10.0
including   173.30   174.00   0.70   20.1
including   175.50   176.00   0.50   19.3
BGM17-045-005   79.80   80.20   0.40   3.71
and   98.50   98.80   0.30   7.26
and   116.10   116.40   0.30   6.76
BGM17-045-006   57.30   58.60   1.30   6.8
and   90.50   91.75   1.25   6.6
BGM17-045-007   99.95   101.85   1.90   5.7
including   99.95   100.35   0.40   15.4
BGM17-045-008   46.90   49.40   2.50   8.1
including   48.00   49.00   1.00   13.7
and   64.50   66.50   2.00   5.5
including   65.50   66.00   0.50   13.4
BGM17-045-009   95.10   95.70   0.60   3.99
and   100.60   101.20   0.60   11.2
and   104.10   104.60   0.50   3.34
BGM17-045-010   62.00   65.00   3.00   4.2
including   62.70   63.20   0.50   15.9
and   91.50   93.80   2.30   3.9
including   93.15   93.80   0.65   10.9
BGM17-045-011   65.20   65.50   0.30   30.3
and   97.80   98.10   0.30   8.13
BGM17-045-012   77.00   77.50   0.50   3.58
and   96.00   98.50   2.50   7.8
including   97.15   97.50   0.35   18.7
including   98.00   98.50   0.50   16.2
BGM17-045-013   56.00   60.00   4.00   4.21
and   64.80   65.20   0.40   6.36
and   94.00   96.00   2.00   7.83
including   95.40   96.00   0.60   18.5
and   126.00   126.50   0.50   9.93
BGM17-045-014   59.20   59.80   0.60   6.95
and   95.10   96.15   1.05   16.4
including   95.10   95.60   0.50   32.2
and   119.00   120.00   1.00   4.02
BGM17-045-015   73.00   75.50   2.50   66.7
including   73.00   74.00   1.00   156.0
and   90.80   91.40   0.60   6.40
and   107.90   108.40   0.50   8.99
and   127.25   127.55   0.30   4.92
BGM17-045-016   69.50   71.00   1.50   5.08
including   69.95   70.35   0.40   15.6
and   105.00   107.65   2.65   6.96
including   105.45   106.15   0.70   25.0
BGM17-045-017   80   80.7   0.7   8.09
and   106.6   107   0.4   15.6

The above intervals reflect approximate true widths of the mineralization. Reported gold values are uncapped.

Table 2. Hole location and direction

Hole Name   Easting   Northing   Elevation   Length   Collar Dip   Collar Azimuth
BGM17-045-001   486,963   5,398,768   248   141   11   163.1
BGM17-045-002   486,960   5,398,768   248   249   2.4   224.8
BGM17-045-003   486,960   5,398,768   248   249   5.6   226.1
BGM17-045-004   486,960   5,398,768   247   197   -9.4   210
BGM17-045-005   486,961   5,398,768   247   183   -12.9   204.2
BGM17-045-006   486,963   5,398,768   247   145   -10.7   150.2
BGM17-045-007   486,961   5,398,768   247   152   -2.2   198.2
BGM17-045-008   486,882   5,398,768   245   61   -28.9   162.3
BGM17-045-009   486,961   5,398,768   248   157   4.2   193.7
BGM17-045-010   486,961   5,398,768   248   160   10.6   186.2
BGM17-045-011   486,960   5,398,768   248   103   11   209.4
BGM17-045-012   486,962   5,396,767   247   139   -7.3   176.6
BGM17-045-013   486,962   5,398,768   248   139   4.8   174.1
BGM17-045-014   486,961   5,398,768   248   142   9.9   173
BGM17-045-015   486,961   5,398,768   247   166   -12.6   194.7
BGM17-045-016   486,962   5,398,768   248   148   1   167
BGM17-045-017   486,962   5,398,768   247   134   -17.4   177

Please visit our website (www.gowestgold.com) for photographs of the ongoing development at Bradshaw and to review our corporate presentation.

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. Jeremy Niemi, P.Geo., Gowest's Director 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.

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.

Gowest Gold Ltd.
Greg Romain
President & CEO
(416) 363-1210
info@gowestgold.com

Gowest Gold Ltd.
Greg Taylor
Investor Relations
(416) 605-5120
gregt@gowestgold.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).