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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: GWA
Latest Price: 0.10  (0,00%)
52-week High: 0.38
52-week Low: 0.10
Market Cap: 12.36M
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Gowest Gold
www.gowestgold.com

Gowest is a Canadian gold exploration and development company focused on the delineation, development and mining of its 100% owned Frankfield East gold deposit, in the prolific Timmins, Ontario gold camp, while continuing to evaluate additional exploration and acquisition targets in the vicinity.  The 2010 drilling confirms continuity of mineralization to at least 700m along strike and 700m vertical depth (deposit remains open) more than doubling the size of the original mineralized envelope which contained an inferred mineral resource of 510,000 oz (2.4 million tonnes @ 6.5g/t gold). This drilling demonstrates a mineral potential at Frankfield East in excess of 1 million ounces (4.5-5.5 million tonnes @ 6.5-7.0 g/t Au).

Full Gowest Gold profile here
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Gowest Gold to boost resources at Frankfield East with deep extensions

13th Jul 2011, 2:44 pm by Olivia D'Orazio and Deborah Sterescu
Gowest Gold to boost resources at Frankfield East with deep extensions

Gowest Gold (CVE:GWA) announced Wednesday that ongoing drill projects at its Frankfield East gold deposit near Timmins, Ontario, have intercepted significant mineralization at a vertical depth of 1000 metres, potentially adding significantly to current resources.

Highlights from the company's deeper, resource expansion drilling campaign include 9.1 grams per tonne (g/t) of gold over 7.0 metres in hole GW11-155.

The gold resources contained in the company's recent resource estimate, which stands at 348,000 ounces of indicated gold and 838,900 ounces of inferred gold, include only 55% of the identified mineralized zone down to a vertical depth of 1000 metres, Gowest said.

This means the areas within the identified zone that have been included in the current resource calculations constitute only 55% of the overall horizon.

"The remaining area represents a zone with significant potential for additional resource ounces through an increase in drilling density," the company said in a statement.

Gowest's shallow, infill drill program has also extended the surface strike length to 900 metres, compared to the 750 metre to 800 metre range in the resource estimate.

Notable results include 9.5 g/t gold over 4.6 metres, and 10.2 g/t gold over 2.1 metres, each in hole GW11-159.

"As important as the recent gold resource estimate for the Frankfield East deposit was for Gowest Gold, ongoing exploration has revealed mineralisation that may be used to add quickly and significantly to the resources contained within our project area," said president and CEO, Greg Romain.

The in-fill and expansion drilling programs will continue on the property to test the limits of the deposit strike length, Gowest said.  A geochemical and geophysical survey program are currently underway at the site.

The gold exploration and development company, whose stock on the TSX Venture Exchange rose 9.8% to trade at $0.28 per share as of 1:13 pm EDT, said it has begun planning for a phase two drill program, which will define the size and orientation of gold-bearing structures at its Texmont deposit, located one kilometre west of Frankfield East.

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