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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 raise $3.2m through private placement financing

19th Jul 2011, 3:55 pm by Brad Lemaire
Gowest Gold to raise $3.2m through private placement financing

Gowest Gold (CVE:GWA) said Tuesday that it plans to raise $3.2 million through a private placement financing.

The Toronto-based miner plans to sell 4.44 million common shares for 27 cents per share, plus 6.66 million flow-through shares for 30 cents per flow-through share.

Gowest has agreed to grant an overallotment option to agent Salman Partners, to increase the offering up to 1.66 million flow-through shares for proceeds of $500,000. Following the offering's closure, Gowest will pay a 7% commission fee to Salman Partners.

Proceeds will be used to advance the company’s Frankfield gold project and general corporate purposes.
The placement, expected to close on Aug. 5, is subject to regulatory approvals.

The Frankfield gold project, comprised of 42 claims on 2,444 hectares, currently contains 2.4 million tonnes with a grade of 6.5 grams per tonne. The deposit is situated 42 kilometres north east of Timmins in the southwest part of Tully Township.

Gowest, formerly Gowest Amalgamated Resources, is a gold explorer looking for additional gold targets on the Frankfield land package.

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