Frankfield Project History

1960s

Kidd Creek base metal discovery sparks initial exploration

  • Aimed exclusively at locating base metals deposits by locating electromagnetic conductors (EM)
  • Frankfield zones discovered

mid-1980s

Gowest acquires interest in the area

  • Develops new geological model: identifying fracture zones near contacts between ultramafic and volcanic sequences

2000–2008

Geophysical survey and several drilling campaigns completed (+$3.0 million), strengthening confidence in geological model and proving a resource of 500,000+ ounces

  • Progress hindered by lack of ownership on adjacent claims and 50/50 JV arrangement on Frankfield

2009

Gowest acquires 100% of Frankfield east and adjacent claims

  • All available data compiled for entire regional area
  • Performing geochemical and high-res geophysical surveys prior to expanding the deposit both at depth and along strike
  • Two similar parallel structures identified south of Frankfield target with promising mineralization potential
  • Gold occurrences found to the west of Frankfield east deposit