Gowest Gold History
- Kidd Creek base metal discovery in 1964 sparks an exploration rush focussed exclusively on locating base metals deposits
- Airborne EM surveys and subsequent drill testing of conductors lead to the discovery of several gold occurrences including Frankfield East
- Gowest acquires interest in the area
- Develops new geological model: identifying shear structure at mafic-ultramafic contact
- Drilling intersects gold mineralization on the Frankfield zone at a vertical depth of 600 metres establishing depth potential
- Geophysical surveys and several drilling campaigns leading to an inferred mineral resource of 510,000 ounces at the Frankfield East deposit, strengthening confidence in the geological model
- Progress hindered by lack of ownership on adjacent claims and 50/50 JV arrangement on Frankfield
- Gowest acquires 100% of Frankfield east and adjacent claims
- All available data compiled for entire regional area
- Geochemical and high-res geophysical surveys conducted on the Frankfield Property
- Environmental baseline and metallurgical studies commence
- Major drilling program of 30,000m expands the Frankfield East deposit both along strike and at depth.
- Deep drilling demonstrates the continuity of the gold horizon to a minimum vertical depth of 900m.
- Gowest acquires adjacent properties in Tully township from Goldcorp to increase land holdings by 400%
- Updated 43-101 compliant resource estimate completed demonstrating 1.2 MM oz.
- Drilling program continues to extend deposit strike and demonstrates the continuity to vertical depths in excess of 1000m.
- Gowest increases overall land holdings along Pipestone fault to approximately 60 square kilometers.
- Regional geophysical and geochemical program underway to identify “Frankfield-style” targets for winter drill program.