Gowest Gold Ltd. (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 Company’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, totaling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.
Assay results from underground drilling at Bradshaw subsequent to the NI 43-101 estimation have revealed three new high-grade gold zones beyond the defined scope to the main deposit. Selected intercepts included 4.2 m grading 20.91 g/t gold (incl. 1.9 m grading 42.15 g/t 1.9 m); 11.54 g/t t gold (incl. 1.5m @ 13.57 g/t gold); and, 4.0 m of 4.6 g/t gold (incl. 1.9 m @ 7.01 g/t gold).
Gowest is currently advancing an advanced exploration bulk sampling program and is focused on becoming the newest gold producer in Timmins, targeting initiating production during 2020-2021.