Welcome to our dedicated page for GOWEST GOLD news (Ticker: GWSAF), a resource for investors and traders seeking the latest updates and insights on GOWEST GOLD stock.
GOWEST GOLD LTD (GWSAF) is a Canadian gold exploration and development company focused on its 100% owned Bradshaw Gold Deposit (Bradshaw) in the North Timmins Gold Project (NTGP). With a proven resource of 422 thousand ounces of gold and an additional 755 thousand ounces in inferred resources, Gowest is committed to further developing and expanding its highly prospective land package in Timmins, Ontario's prolific gold camp.
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Gowest Gold Ltd. has entered into a loan agreement with Lush Land Investment Canada Inc. for up to $10,000,000 to be used for working capital, debt repayment, and preparation of Redstone Mill for processing of Gowest Gold ore. The loan is unsecured and bears interest at a rate of 12% per annum, with the outstanding balance due and payable on December 31, 2025. The Lender is a significant shareholder of the Corporation, holding approximately 45.36% of the issued and outstanding common shares, making this a 'related party transaction' under MI 61-101. The Loan Agreement has been approved by the disinterested members of the board of directors of the Corporation and remains subject to the final approval of the TSX Venture Exchange.
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Gowest Gold Ltd. (TSXV: GWA) completes 5,000-metre Phase 1 surface diamond drill program and secures a $10,000,000 loan agreement for additional exploration at its North Timmins Gold Project. The loan will fund the exploration program at Bradshaw Gold Mine and other areas of the NTGP, aiming to expand mineable resources. The Lender, Greenwater Investment Hong Kong Limited, is a significant shareholder holding 26.02% of the company's shares.
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Gowest Gold Ltd. (TSXV: GWA) announces the closing of its upsized non-brokered private placement, raising a total of $950,000 to expand the mineable resource at the Bradshaw Gold Deposit and further test the NTGP area.
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Gowest Gold Ltd. (TSXV: GWA) provides an update on the latest assay results from Phase 1 of its surface diamond drill program at Bradshaw Gold Mine. The program aims to expand the mineable resource at Bradshaw and test other parts of the North Timmins Gold Project. Notable results include a highest intercept of 9.77 g/t gold over 3.0 m and planning for a $10 million exploration program for further testing.
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Gowest Gold Ltd. (TSXV: GWA) Provides Update on Bradshaw Gold Mine Operation, Reports Progress in Underground Capital Development and Ore Sill Development
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Gowest Gold announces positive initial assay results from Phase 1 of its surface diamond drill program at Bradshaw Gold Mine. Highest intercept: 10.64 g/t Au over 2.6 m. Mine restart progressing well. Anticipate starting toll milling in Q4 2023.
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Gowest Gold Ltd. reports progress in restarting the Bradshaw Gold Deposit. Highlights include the development of access ramps, ventilation upgrades, and ore sorting. Surface diamond drilling has also commenced. The company aims to begin toll milling in Q4 2023.
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FAQ
What is the current stock price of GOWEST GOLD (GWSAF)?
The current stock price of GOWEST GOLD (GWSAF) is $0.1016 as of September 17, 2024.
What is the market cap of GOWEST GOLD (GWSAF)?
The market cap of GOWEST GOLD (GWSAF) is approximately 74.4M.
What is the focus of Gowest Gold Ltd (GWSAF)?
Gowest is focused on the delineation and development of its 100% owned Bradshaw Gold Deposit in the North Timmins Gold Project.
What are the proven resources of Gowest Gold Ltd (GWSAF)?
Gowest has a National Instrument 43-101 Indicated Resource of 422 thousand ounces of gold and an Inferred Resource of 755 thousand ounces of gold.
Where is the land package of Gowest Gold Ltd (GWSAF) located?
The land package is situated in Timmins, Ontario, part of the prolific gold camp in Canada.
What recent agreements has Gowest Gold Ltd (GWSAF) entered into?
Gowest has entered into agreements with Northern Sun Mining Corp for milling services and with 15748593 Canada Inc for a loan facility.
What is the future outlook for Gowest Gold Ltd (GWSAF)?
Gowest aims to further develop and expand its resources, potentially establishing new mines and showcasing significant progress in the coming months and years.
GOWEST GOLD LTD