{"id":1187668,"date":"2020-06-01T17:51:15","date_gmt":"2020-06-01T22:51:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1025787"},"modified":"2020-06-01T17:51:15","modified_gmt":"2020-06-01T22:51:15","slug":"gowest-expands-bradshaw-footprint","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1187668","title":{"rendered":"Gowest expands Bradshaw footprint"},"content":{"rendered":"
\n
\"Gowest
North Timmins location Credit: Gowest<\/figcaption><\/figure>\n<\/div>\n

The spring drilling program at\u00a0Gowest Gold\u2019s\u00a0109-sq.-km North Timmins gold project in Ontario has intersected extensions of the Bradshaw gold deposit.<\/p>\n

Drill highlights include 2.2 metres of 12.24 g\/t gold and 2.5 metres of 1.89 g\/t gold; both of these intersections include higher-grade intervals. These intercepts are from holes drilled near existing underground development, which were completed to assess the crown pillar.<\/p>\n

\u201cIn addition to the significant technical information we have received, we can reconfirm our belief that the deposit extends beyond the currently defined outline in a new area adjacent to the existing underground infrastructure,\u201d Greg Romain, the company\u2019s president and CEO, said in a release. <\/p>\n

\u201cThis clearly underlines the potential to add additional ounces to our resources and reserves at the project.\u201d<\/p>\n

\n
\n

The latest program consisted of six holes: three were completed to assess the crown pillar with an additional three holes drilled to the north of the Bradshaw deposit<\/p>\n<\/blockquote>\n<\/figure>\n

The latest program consisted of six holes: three were completed to assess the crown pillar with an additional three holes drilled to the north of the Bradshaw deposit to collect information for development of a ventilation raise and a secondary egress for the proposed mine. <\/p>\n

Additional step-out drilling is planned to extend the known zones of gold mineralization and to test prospective targets around the existing deposit.<\/p>\n

Last month, the company announced that it had received funds from a C$1.6-million bridge loan facility with Lush Land Investment Canada to complete an advanced exploration bulk sample at Bradshaw.<\/p>\n

The site features over 2,098 metres of development, which includes a ramp and three underground levels. Gowest has stockpiled 28,567 tonnes of development material on surface for sorting, milling and sale of the resulting concentrate. <\/p>\n

In 2018, the company signed a gold concentrate purchase and sale agreement with China\u2019s publicly listed Shandong Humon Smelting, which currently extends out to the end of this year.<\/p>\n

Indicated resources at Bradshaw stand at 2.1 million tonnes grading 6.19 g\/t gold for a total of 422,000 oz. with additional inferred resources of 3.6 million tonnes at 6.47 g\/t gold for a further 755,000 gold oz.<\/p>\n

In 2015, Gowest released the results of a pre-feasiblity study for Bradshaw, which outlined an underground operation producing an average of 40,500 oz. of gold annually over an 8-year mine life at all-in sustaining costs of $891 per oz. With an initial capital cost estimated at $21.5 million, the resulting net present value estimate, at a 5% discount rate, came in at $39.8 million with a 27% internal rate of return.<\/p>\n

Gowest currently envisions commercial production at Bradshaw starting by 2021.<\/p>\n

(This article first appeared in the <\/em>Canadian Mining Journal<\/em><\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The spring drilling program at Gowest Gold’s 109-sq.-km North Timmins gold project is underway.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187668"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1187668"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187668\/revisions"}],"predecessor-version":[{"id":1187676,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187668\/revisions\/1187676"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1187668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1187668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1187668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}