Bradshaw Highlights
Underground team has achieved two months of safe production.
All production and key infrastructure projects on target.
Key groups fully staffed.
Drill team mobilized to site; long-hole stope drilling initiated.
Exploration diamond drilling scheduled for mid-June start.
Ventilation upgrade progressing well; surface raise breakthrough planned for
Preparing for processing.
New director appointed.
Meeting Operational Targets
As previously reported, the first underground work is focusing on the development and production of the initial bulk sample area (
Since initiating operations in early April to restart Bradshaw as the newest gold mine in the
Both
To date, 8,000 tons of ore have been stockpiled on the surface in preparation for being trucked to
Meanwhile, work on the ventilation upgrade is also progressing well, and a surface raise breakthrough is planned for
Finally, as previously reported, the Corporation has proposed a non-brokered private placement of up to 11,111,111 flow-through units of the Corporation (the 'FT Units'), at a price of
New Director
Gowest is also pleased to announce the appointment of Mr.
Options Granted
The Corporation has also granted stock options to certain directors and officers to purchase up to an aggregate of 5,500,000 common shares at an exercise price of
About Gowest
Gowest 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
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include, without limitation, statements relating to the use of the proceeds of the Offerings, the potential for to raise additional proceeds from the exercise of Warrants, and the proposed activities of the Corporation at Bradshaw. Words such as 'may', 'would', 'could', 'should', 'will', 'anticipate', 'believe', 'plan', 'expect', 'intend', 'potential' and similar expressions may be used to identify these forward-looking statements although not all forward-looking statements contain such words.
Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including those risk factors set forth in the Corporation's management's discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR) under the Corporation's profile at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this press release and, other than as required by law, the Corporation does not intend to or assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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