CORRECTION FROM SOURCE: Gowest Gold Provides the 2nd Exploration Update on Its Phase 2 Diamond Drilling Program
Gowest Gold provided an update on its Phase 2 diamond drilling program at the North Timmins Gold Project, completing 12,769 meters of drilling as of April 30, 2024. Highlights include 13.6 grams per tonne (g/t) gold over 1.1 meters from hole GW23-352 and 23.2 g/t gold over 1.5 meters in hole GW24-351A. The program, part of a $10 million exploration effort, aims to expand resources at the Bradshaw Gold deposit and test other areas of the NTGP. The Sheridan, Roussain, and Bradshaw zones are the primary targets, with promising results indicating potential for new mines. The program is expected to be completed in November 2024.
- Completion of 12,769 meters of drilling as of April 30, 2024.
- Highest gold intercept of 13.6 g/t over 1.1 meters from hole GW23-352.
- Significant findings include 23.2 g/t gold over 1.5 meters in hole GW24-351A.
- Eight new mineralized zones encountered at Bradshaw.
- Potential for more than one new mine on the property.
- Program is part of a substantial $10 million exploration effort.
- Restart plans for underground mining at Bradshaw.
- No substantial gold intercepts were reported at Roussain zone.
- Delays in drilling at Roussain due to access constraints.
Toronto, Ontario--(Newsfile Corp. - May 13, 2024) - Gowest Gold Ltd. (TSXV: GWA) ("Gowest" or the "Corporation") is pleased to provide a further update on the latest assay results from Phase 2 of its previously announced surface diamond drill program at its
Diamond Drilling Highlights Since Last Update
- A total of 12,769 meters (m) of drilling has been completed as of April 30th, including 32 completed holes and two holes in progress on the Sheridan gold zone and west of Bradshaw.
- Highest intercept: 13.6 grams per tonne (g/t) gold (Au) over 1.1 m from hole GW23-352, including *20.06 g/t Au over 0.6 m from the Bradshaw HW8 zone.
- Other significant gold mineralization: 5.27 g/t Au over 2.6 m (including 22.3 g/t Au over 0.6 m) in Hole GW23-346 on the HW7 zone, and 23.2 g/t Au over 1.5 m in hole GW24-351A on newly discovered HW10 zone.
(*The earlier version of this release incorrectly stated "2.06 g/t Au.")
Dan Gagnon, President and Chief Executive Officer of Gowest, said, "As we have seen throughout this extensive drill program, our team has steadily revealed more and more gold mineralization both at Bradshaw and across a number of other areas on our NTGP. We remain confident that we will further expand our resources, including the very real potential to develop more than one important new mine on our property in the Timmins gold camp. Meanwhile, we are also planning for the restart of underground mining at Bradshaw soon."
Technical Overview-Phase 2:
The Phase 2 surface drilling program is expected to be completed in November 2024. This exploration drilling program is targeting the Bradshaw deposit, the Sheridan Zone, and the Roussain Zone. (See Figures 1, 2 and 3). A total of 12,769 m of drilling has been completed as of April 30th since the start of Phase 2 drilling program, consisting of a total of 32 finished holes (see Table 3 below) and two holes in progress. Gold results have been received from 29 drill holes by April 30th. (See Tables 1 and 2.)
Figure 1: Timmins North Gold Project Geology and Location Map
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Figure 2: Plan Map showing Geophysical Survey HeliTEM for Bradshaw deposit and Sheridan Zone drill intercepts for April 2024.
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Figure 3. Plan Map showing Geophysical Survey HeliTEM for Roussain Zone intercepts for April 2024.
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Table 1: Phase 2 Current Drill Hole Details April 30th
| Drill Hole | Easting | Northing | Elevation | Azimuth | Dip | Length | Domain |
| (No.) | (Nad 83 m) | (Nad 83 m) | (masl) | (°) | (°) | (m) | |
| GW23-336 | 486400.0 | 5398837 | 297 | 167.0 | -64.8 | 512 | Bradshaw |
| GW23-337 | 486567.5 | 5399015.2 | 291 | 174.0 | -59.0 | 617 | Bradshaw |
| GW23-338 | 486694.6 | 5398680.8 | 291.5 | 172.0 | -72.0 | 406 | Bradshaw |
| GW23-339 | 486491.6 | 5398857.4 | 290 | 174.0 | -65.7 | 509 | Bradshaw |
| GW24-340 | 486638.5 | 5398889.6 | 291 | 150.6 | -54.2 | 419 | Bradshaw |
| GW24-341 | 486643.9 | 5398949.8 | 290 | 157.6 | -60.8 | 496 | Bradshaw |
| GW24-342 | 486567.4 | 5399031.5 | 272 | 148.9 | -57.8 | 582 | Bradshaw |
| GW24-343 | 488579.1 | 5401405.5 | 290 | 223.8 | -54.3 | 296 | Roussain |
| GW24-344 | 488651.2 | 5401478.1 | 290 | 222.8 | -63.9 | 384 | Roussain |
| GW24-345 | 488520.0 | 5401490.0 | 290 | 220.0 | -67.5 | 344 | Roussain |
| GW24-346 | 486705.5 | 5398986.4 | 290 | 175.7 | -66.1 | 523 | Bradshaw |
| GW24-347 | 486433.2 | 5398794.4 | 290 | 174.8 | -59.6 | 425 | Bradshaw |
| GW24-348 | 486434.5 | 5398916.8 | 290 | 173.5 | -72.5 | 653 | Bradshaw |
| GW24-349 | 486789.7 | 5398962.2 | 290 | 176.2 | -66.4 | 508 | Bradshaw |
| GW24-350 | 486518.0 | 5398937.2 | 290 | 159.2 | -60.9 | 544 | Bradshaw |
| GW24-351 | 486630.2 | 5398862.7 | 290 | 157.9 | -64.0 | 448 | Bradshaw |
| GW24-351A | 486630.2 | 5398862.7 | 290 | 157.9 | -64.0 | 448 | Bradshaw |
| GW24-352 | 486594.0 | 5399060.7 | 290 | 160.6 | -64.5 | 709 | Bradshaw |
| GW24-353 | 488845.0 | 5401170.0 | 290 | 225.0 | -57.0 | 430 | Roussain |
| GW24-354 | 488655.0 | 5401351.0 | 290 | 225.0 | -62.0 | 300 | Roussain |
| GW24-355 | 485377.0 | 5398811.0 | 290 | 149.7 | -54.7 | 348 | Sheridan |
| GW24-356 | 485376.5 | 5398810.8 | 290 | 123.7 | -54.4 | 310 | Sheridan |
| GW24-357 | 485333.0 | 5398795.0 | 290 | 150.2 | -50.9 | 316 | Sheridan |
| GW24-358 | 485317.4 | 5398891.0 | 290 | 143.3 | -55.9 | 366 | Sheridan |
| GW24-359 | 485488.6 | 5398812.8 | 290 | 145.8 | -62.7 | 290 | Sheridan |
| GW24-360 | 485529.0 | 5398823.4 | 290 | 145.6 | -59.1 | 214 | Sheridan |
| GW24-337X | 486567.5 | 5399015.2 | -113.4 | 174.0 | -59.0 | 100 | Bradshaw |
| GW24-361 | 486567.5 | 5399015.2 | 290 | 176.2 | -66.4 | 508 | Bradshaw |
| GW24-366 | 486100.0 | 5398560.0 | 290 | 177.0 | -59.9 | 248 | Bradshaw |
| GW24-365* | 486272.2 | 5398563.5 | 290 | 180.2 | -57.1 | 126 | Bradshaw |
| GW24-363 | 486330.5 | 5398580.9 | 290 | 177.4 | -50.4 | 202 | Bradshaw |
| GW24-367* | 485313.0 | 5398817.0 | 290 | 150.6 | -62.1 | 189 | Sheridan |
*in progress
Bradshaw deposit:
A total of 8,982m of drilling have been completed at Bradshaw as of April 30th since the start of Phase 2, with 19 holes completed and one, GW24-365, in progress. The holes were drilled on the eastern portion and north of the Bradshaw Gold Deposit.
This latest drilling at Bradshaw has returned encouraging results. Recent intercepts have an average core length of 0.8m within mineralized zones. Gold values were up to 23.2g/t Au over 0.6m in hole GW24-351A in the newly discovered HW10 mineralized quartz vein zone. A thicker intercept was recorded in hole GW24-351A with 5.53g/t Au over 2.8m in the HW1 quartz vein zone.
Eight new mineralized zones were encountered in Bradshaw where one significant new zone intercepted 7.53g/t Au over 1.5m in hole GW24-350. Three out of seven holes drilled at Bradshaw in April have completed the assay results-GW24-350, GW24-351A, GW24-352. (See Table 2.)
Roussain gold zone:
The Roussain gold zone is part of a NW-SE-trending deformation zone with an intense hydrothermal alteration often with significant secondary sulphide mineralized quartz/carbonate veining. The Roussain zone is hosted in tholeiite flows and marks up the contact between mafic metavolcanics and intercalating sequence of epiclastic and volcanoclastic sediments.
A total of five holes and 1,754m have been completed to date at the Roussain zone. The drill rig has been de-mobilized from this zone due to drill access constraints and the river crossing. Roussain zone drilling is expected to resume in the early winter of 2024. The highest gold intercept at the Roussain zone was encountered in hole GW24-344, which returned 4.15g/t Au over 0.6m. The thickest mineralization was intercepted in hole GW24-343, which returned 3.29g/t Au over 1.35m. (See Table 3)
Sheridan Zone:
The Sheridan gold zone is hosted in a carbonate, hematite and sericite altered shear zone within a sequence of tholeiitic basalt flows. The shear zone strikes N086°E and dips 75° to the north. Sheridan is a sulphide mineralized zone of 3
At the Sheridan zone, the Orbit team drilled a total of 2,033m in six holes, with one hole in progress (GW24-367) as of April 30th. Rig SH-81 is currently drilling hole GW24-367. Two more holes for a total of 400m are planned for Sheridan Zone. (See Table 3.)
Table 2: Drill Hole Gold Intersections in the Bradshaw Deposit
| Hole ID | From | To | Length | Au | Hole ID | From | To | Length | Au | |
| GW24-346 | 188.5 | 190 | 1.5 | 1.99 | GW24-350 | 275 | 276 | 1 | 4.41 | |
| Incl. | 188.5 | 189.5 | 1 | 1.07 | GW24-350 | 278.1 | 280.65 | 2.55 | 2.26 | |
| 189.5 | 190 | 0.5 | 1.92 | Incl. | 278.1 | 279 | 0.9 | 4.06 | ||
| GW24-346 | 398.8 | 399.65 | 0.85 | 2.33 | 279 | 280 | 1 | 1.25 | ||
| GW24-346 | 418 | 419 | 1 | 2.19 | 280 | 280.65 | 0.65 | 1.34 | ||
| GW24-346 | 423.9 | 424.7 | 0.8 | 2.84 | GW24-350 | 286.95 | 288.4 | 1.45 | 7.53 | |
| GW24-346 | 445.65 | 447.9 | 2.25 | 5.25 | Incl. | 286.95 | 288 | 1.05 | 9.08 | |
| Incl. | 445.65 | 446.3 | 0.65 | 3.34 | 288 | 288.4 | 0.4 | 1.85 | ||
| 446.3 | 446.8 | 0.5 | 2.3 | GW24-350 | 371.8 | 372.1 | 0.3 | 2.58 | ||
| 446.8 | 447.9 | 1.1 | 7.72 | GW24-350 | 386.9 | 387.4 | 0.5 | 9.42 | ||
| GW24-346 | 451.85 | 453.85 | 2 | 6.54 | GW24-350 | 435.55 | 436.1 | 0.55 | 1.06 | |
| Incl. | 451.85 | 453 | 1.15 | 9.99 | GW24-350 |
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FAQ
What is the latest update on Gowest Gold's Phase 2 diamond drilling program?
As of April 30, 2024, Gowest Gold has completed 12,769 meters of drilling, with significant gold intercepts including 13.6 g/t over 1.1 meters and 23.2 g/t over 1.5 meters.
What are the significant gold findings in Gowest Gold's NTGP Phase 2 drilling program?
Significant findings include 13.6 g/t gold over 1.1 meters from hole GW23-352 and 23.2 g/t gold over 1.5 meters from hole GW24-351A.
What is the budget for Gowest Gold's Phase 2 exploration program at NTGP?
The program is part of a $10 million exploration effort.
When is Gowest Gold's Phase 2 drilling program expected to be completed?
The Phase 2 drilling program is expected to be completed in November 2024.
What are the targets of Gowest Gold's Phase 2 drilling program at NTGP?
The primary targets are the Bradshaw deposit, the Sheridan Zone, and the Roussain Zone.
Is there potential for new mines in Gowest Gold's NTGP?
Yes, there is potential for more than one new mine on the property.
What challenges did Gowest Gold face in the Roussain zone drilling?
Drilling at the Roussain zone faced delays due to access constraints.
What are Gowest Gold's plans for the Bradshaw Gold deposit?
Gowest Gold plans to restart underground mining at Bradshaw soon.
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