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Gowest Gold Ltd. (GWA.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.3450+0.0250 (+7.81%)
At close: 3:56PM EDT
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Previous Close0.3200
Open0.3500
Bid0.3350 x 0
Ask0.3450 x 0
Day's Range0.3300 - 0.3600
52 Week Range0.1300 - 0.5100
Volume32,348
Avg. Volume30,573
Market Cap28.352M
Beta (5Y Monthly)1.51
PE Ratio (TTM)N/A
EPS (TTM)-0.0820
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Gowest Gold Provides Operations Update
    GlobeNewswire

    Gowest Gold Provides Operations Update

    Positive Processing Results Support Mine Development PlanTORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) is pleased to provide an update on the processing of the first gold ore from the Company’s 100% owned Bradshaw Gold Deposit (“Bradshaw”). In late January 2021, Gowest successfully completed processing 23,000 tonnes of the gold-bearing mixed development, unclassified material (see Gowest release dated Dec. 9, 2020) stockpiled during the commencement of its bulk sample program at Bradshaw. The Company had planned to first process this unclassified gold-bearing material in order to gather valuable evidence of how it responds to ore-sorting, grinding, flotation, dewatering and concentrate smelting. This trial has also demonstrated that the mill site water quality and tailings impoundment were in regulatory compliance confirming that they are operating properly in protecting the surrounding environment. Greg Romain, Gowest President, commented, “We are very pleased with the positive results we’ve received from these detailed technical trials at the mill, and look forward to receiving final results after the concentrate has been processed at Shandong Humon Smelting Co., Ltd. (“Humon”). Thus far, the results have demonstrated the viability of our processing plans, and confirmed that we are keeping our promise to operate safely and protect the environment. This is another major step towards advancing the Bradshaw gold deposit as the newest gold mine in the Timmins camp.” Technical Review: In January 2021, a total of 5,000 tonnes of this stockpiled material was passed through the Company’s onsite x-ray ore-sorting plant. The initial tests were conducted to commission and optimize the sorter plant operations, including adjusting the sorter’s operating parameters with the aim of maximizing metal recovery and material throughput. During that trial, the sorter successfully separated waste rock from the mineralised material as expected from previous test work, raising the gold grade prior to milling. Potential improvements have been identified that are expected to further enhance the efficiency of the sorting process. The Company trucked approximately 23,000 tonnes of gold bearing mixed development material, including sorted rock, to Northern Sun’s Redstone Mill during December and January for processing. The success of this process confirmed that Bradshaw would be able to provide a sustained delivery to the mill, using a local trucking company, hauling the expected average of 800-850 tonnes per day (tpd) of material. The delivered mixed development material was processed at an average rate of 600 - 900 tpd, during a 6-week operating period. Approximately 1,040 tonnes of concentrate were produced for shipping to the Humon smelter. Gold recovery from the mill demonstrated steady improvement as the processing advanced. Importantly, during the next process phase, the feed grade will be improved with the addition of new material from underground long-hole stope mining. This latest trial has identified a number of additional changes to the process plant flow sheet and flotation circuit which, coupled with higher grade feed, will still further enhance metal recovery. The technical results of this two-part test program will be released following the completion of the full trial. Next Steps With the completion of the initial mixed development, unclassified, feed trial, the Company has significantly derisked the processing and tailing management segments of the project. Following completion of concentrate treatment at the smelter and upon receipt of the necessary funding, Gowest is preparing to advance to an underground test stoping and mill processing trial phase. This second phase of the trial will be conducted to verify the mine block model and optimize the sorter to further increase both gold recovery and the sorting rate. That testing will also aid in optimizing the flotation circuit to increase gold recovery and identify additional cost saving measures at the Redstone Mill. Added Greg Romain, “As we continue positive discussions regarding the financing to complete the higher grade mill processing trial and bring Bradshaw to commercial production, we want to thank all of our stakeholders for their ongoing support, and encourage them to recognize our commitment to doing everything that we can to reach our goal of achieving commercial production.” About Gowest Gowest is a Canadian gold exploration and development company focused on the development of its 100% owned and fully permitted Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Company’s North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its more than 100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au. Qualified Persons The technical information in this news release has been reviewed and approved by Yungang Wu, P.Geo., Gowest’s Senior Geologist, and Garth Wilcox, P. Eng., Development Manager, who are the Qualified Persons for the technical information in this news release under National Instrument 43-101 standards. Forward-Looking Statements This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. For further information please contact: Greg RomainGreg TaylorPresident & CEOInvestor RelationsTel: (416) 363-1210 Tel: 416 605-5120Email: info@gowestgold.com Email: gregt@gowestgold.com

  • GlobeNewswire

    Update on Annual Meeting of Shareholders of Gowest Gold to be Held on January 29, 2021

    TORONTO, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) today provided an update on its annual and special meeting of shareholders scheduled to be held on January 29, 2021 (the “Meeting”). In light of the COVID-19 pandemic and in keeping with the current Government of Ontario stay-at-home order, and in the interest of protecting the health and safety of Gowest’s shareholders, employees and the communities in which they live, we ask that shareholders refrain from attending the Meeting in person. Rather, shareholders are strongly encouraged to vote by proxy in advance of the Meeting. Only the minimum number of proxyholders and shareholders as are required to conduct the Meeting will be permitted to attend in person. The vast majority of our shareholders typically vote by proxy and we encourage shareholders to continue to vote in this manner. In order to ensure as many common shares as possible are represented at the Meeting, shareholders are encouraged to complete the instrument of proxy provided to them and follow the instructions set out therein and in the related management information circular of the Company dated December 15, 2020 (which is available on the Company’s website at www.gowestgold.com). To be effective, a proxy must be deposited with the Company’s transfer agent and registrar, TSX Trust Company, 301-100 Adelaide Street West, Toronto, Ontario, M5H 1S3 (Attention: Proxy Department), on or before 10:00 a.m. (Toronto time) on Wednesday, January 27, 2021, or at least 48 hours, excluding Saturdays, Sundays and holidays, before any adjournment or postponement of the Meeting at which the proxy is to be used. Shareholders may listen to the Meeting by live audio teleconference starting at 10:00 a.m. (Toronto time) on January 29, 2021 using the following teleconference instructions: Teleconference Number: 647-797-0071 (local) or 1-833-600-1823 (toll free in Canada)Conference Room Number: 363-541-656# (when prompted) Please note that shareholders will not be entitled to vote at, or otherwise participate in, the Meeting by way of teleconference or other electronic means. About Gowest Gowest is a Canadian gold exploration and development company focused on the development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Company’s North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its more than 100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au. Qualified Person The technical information in this news release has been reviewed and approved by Yungang Wu, P.Geo., Gowest’s Senior Geologist, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards. Forward-Looking Statements This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. For further information please contact: Greg Romain Greg Taylor President & CEO Investor Relations Tel: (416) 363-1210 Tel: 416 605-5120 Email: info@gowestgold.com Email: gregt@gowestgold.com

  • Gowest Gold Closes Second Tranche of Private Placement of Flow-Through Units
    GlobeNewswire

    Gowest Gold Closes Second Tranche of Private Placement of Flow-Through Units

    Not for distribution to United States newswire services or for dissemination in the United StatesTORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) announced today that it has completed the second tranche of a private placement, on a non-brokered basis, of 333,423 flow-through units of the Company (the “FT Units”), at a price of $0.39 per FT Unit, for gross proceeds of $130,035 (the “Private Placement”). Each FT Unit comprised one common share and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) issued on a flow-through basis, with each Warrant being exercisable to acquire one common share of the Company at a price of $0.45 until December 31, 2022. The common shares underlying the Warrants will not be issued as flow-through shares. The first tranche of this Private Placement, which comprised 2,666,903 flow-through units of the Company on the same terms for gross proceeds of $1,040,092.17, was completed as announced on December 21, 2020.The proceeds of the Private Placement will be used by the Company for the continued development of its 100% owned Bradshaw Gold Deposit and for “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) in connection with the mineral exploration programs of the Company.An additional closing of the Private Placement may be completed on or prior to December 31, 2020.In connection with the Private Placement, subject to the policies of the TSX Venture Exchange and applicable securities laws, the Company paid finder’s fees in an aggregate amount of $8,802 in cash and issued compensation warrants exercisable to acquire an aggregate of 17,955 common shares of the Company, at a price of $0.39 per share, until December 31, 2022.All of the securities issuable in connection with the Private Placement will be subject to a hold period expiring four months and one day after date of issuance.The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.About GowestGowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Company’s North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totaling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.Forward-Looking StatementsThis news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.For further information please contact:Greg Romain President & CEO Tel: (416) 363-1210 Email: info@gowestgold.comGreg Taylor Investor Relations Tel: 416 605-5120 Email: gregt@gowestgold.com