Ontario-focused Gowest Gold (CVE:GWA)(OTCBB:GWSAF) Monday announced positive results of its recently-completed preliminary economic assessment (PEA) for its 100%-owned flagship Frankfield East Gold deposit, part of the North Timmins gold project in Ontario.

Many gold deposits have been developed within the Timmins Gold Camp and along the Abitibi Gold belt that containing significant gold resources at depths of up to 1,500 metres, and are located 20 kilometres from Frankfield East

The Toronto-based junior gold explorer said that as the deposit remains open and unexplored at depth, it is confident that the ongoing drilling program, through until 2012, will continue to find additional gold.

In January, the company are expecting to release an updated resource estimate, which all early signs are suggesting will show some strong numbers, and pave the path for a scoping study

Two numbers point to the potential of Castle Peak Mining. These are five and 50. In short, there are five mines within a 50 km radius of the firm's Akorade project with a total of 50 mln ounces of gold reserves and resources.

Gold producer Great Basin Gold (TSE:GBG)(AMEX:GBG) Tuesday posted a 27% increase in revenue to $33 million for the quarter that ended March 31, compared with the same quarter a year earlier. The company cited a 7 percent improvement in ounces sold, as well as an 18 percent increase in the realized gold price.

Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) Monday unveiled "positive" results of a feasibility study for its 100 percent-owned Debarwa volcanogenic-massive-sulphide (VMS) copper-gold-zinc deposit, part of the Asmara project in Eritrea.

Gold Resource Corp (AMEX:GORO) announced late Thursday record results for its first quarter that it said set a "strong base" for the company, with gold equivalent production quadrupling year-over-year and mine gross profit more than tripling.

Trelawney Mining's (CVE:TRR) recent acquisition deal by Iamgold Corp (TSE:IMG) (NYSE:IAG) could signify the start of a series of buys in the junior Canadian gold space, with the $585 million deal providing a "wake-up call" for gold producers with cash to spend, says mining research analyst Peter Campbell of Jennings Capital.