Gowest Gold is pleased to announce the Company has signed a non-binding Letter of Intent with Gold Royalties Corporation and a Toronto-based royalty company for the proposed sale of: (i) a 2.0% gross royalty interest on gold production from Gowest's North Timmins Gold Project, including the Bradshaw Gold Deposit (formerly named Frankfield East); and (ii) a right-of-first refusal agreement with respect to future gold [...]
Gowest Gold announces that it intends to issue, subject to TSX Venture Exchange approval, an aggregate of 416,660 common shares to non-management directors of the Corporation, at a deemed price of $0.06 per share, as partial payment of fees owed to such directors in respect of the quarters ended April 30, 2013 and July 31, 2013. The aggregate deemed value of the common shares to be issued is $25,000. The shares are being [...]
Gowest Gold is pleased to provide an update on its latest engineering and drilling activities at its wholly-owned Bradshaw Gold Deposit, on the Frankfield Property, part of the Company's North Timmins Gold Project. Completed 24 holes totalling 3,689 m on summer infill core drilling program at the Bradshaw Gold Deposit, on the Frankfield property, in preparation for mine planning;
Gowest Gold is pleased to announce the renaming of three key areas on its North Timmins Gold Project in honour of three men who have made significant contributions to the Company. Bradshaw Gold Deposit: The Frankfield East Gold deposit was renamed the Bradshaw Gold Deposit after Ronald J. Bradshaw who, as founder of Gowest, was instrumental in the discovery of this now-advanced gold asset. Since its discovery, this [...]
Gowest Gold is saddened to announce the recent passing of Randal 'Randy' James Roussain, the Company's Project Coordinator for Exploration. Mr. Roussain died suddenly in Meaford, Ontario on July 1st at the age of 66. A widely respected exploration geologist experienced in all phases of surface exploration and underground work in the development of a mining company, he joined Gowest in 2000 as the Company's Project [...]
Gowest Gold is pleased to announce the results from 11 drill holes at its North Timmins Gold Project (NTGP). The 3,947 m of diamond core drilling, conducted from February 25 to May 1, 2013, was focused on testing exploration targets outside of the Frankfield East gold deposit area. Highlights from the drilling (see Table) include:
Gowest Gold is pleased to announce that it has entered into a non-binding Letter of Intent with Glencore Xstrata's Kidd Operations, located in Timmins, Ontario. The plan is to refurbish the Division 'D' line of the mill at Kidd Operations to process Gowest's ore into a high-grade (+90 grams per tonne) gold concentrate. The proposed arrangement between the companies significantly reduces the cost and time to commercial [...]