2020

  • Gowest announced plans for a diamond drill program as well as engineering work in preparation for extending the main ramp, locating the planned vent raise, as well as providing additional details on the first long stope.  Gowest also noted that Northern Sun Mining Corp. was working on obtaining the necessary permits to process this ore at its Redstone Mill.
  • Gowest completed a second closing of the latest Private for gross proceeds of $1,000,000.
  • Gowest held a public open house to update and receive feedback from the community regarding its ongoing plans for the Advanced Exploration and Mine Production Phases at Bradshaw. This included providing information about the environmental permitting and current approvals, reporting on the ongoing Health, Safety, Environmental and Social performance at the site, as well as on the Mine Production Closure Plan.
  • The Company entered into a bridge loan agreement with Lush Land Investment Canada Inc. for a loan facility of up to C$1.6 million, funds that were received shortly thereafter. The purpose of the agreement was to enable Gowest to continue to move ahead with its bulk sample program at Bradshaw while the Company continued to work towards a significantly larger financing.
  • In light of the COVID-19 situation and to ensure the safety of all of the Company’s employees and contractors, all appropriate health and safety precautions were instituted both at Bradshaw and at the Company’s offices in Timmins and Toronto.
  • The Company started the construction of the main vent raise and secondary egress at the mine site, which is required for the Company to transition into production without delay once the bulk sample is completed.