Gowest News
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: GOWEST AMALGAMATED RESOURCES LTD.
TSX VENTURE SYMBOL: GWA
FEBRUARY 26, 2004 - 16:30 ET
Gowest Amalgamated Resources Ltd: Frankfield
Drilling-Third Report
TORONTO, ONTARIO--Drilling continues on the Gowest - New Texmont
(50:50) joint venture gold property in Tully Township, northeast
of Timmins, Ontario. Gold values of economic interest continue to
be encountered as they have in every hole. The last report was
released on February 11, 2004.
Nine borings have been completed and we have received assay
results for seven holes. To provide continuity, the gold
intersections previously reported, are included in the table
below.
/T/
Hole Location Main Zone Sub Zone Vertical
---- -------- g p t / W Vertical Depth g p t / W Depth
From W to E --------- -------------- --------- --------
04-03 16+60E 11.80/3 150 m
+50m
04-02 17+10E 5.51/6 150 m
+50m
04-01 17+60E 4.24/5 150 m 2.93/12 140 m
+50m
04-04 18+10E 5.21/1 150 m 4.16/3 108 m
+50m
04-11 18+60E ------ 150 m 8.42/3 70 m
From E to W
04-05 18+00E 13.8/4 200 m 4.79/2 150 m
-50m
04-06 17+50E 8.38/4 200 m
g p t / W represents grams/tonne gold true width of zone is
core length in approximately 80% of core length
metres
/T/
The last three highlighted holes have not previously been
reported.
The above table indicates that the main zone is being intersected
at the 150 and 200 metre levels (below surface) by south bearing
holes at 50 metre intervals. The above intersections come from a
portion of the Frankfield Zone, which until now, was untested.
The main zone is open to the west, while to the east, in hole
04-11, the mineralization has dissipated. However, the favourable
host rock is present and will require future attention. The main
zone will be tested for a minimum length of 350 metres at the 200
metre level.
This drill program is being conducted according to the 43-101
protocol requirements. Swastika Laboratories, an accredited
facility, is undertaking the gold analyses using the standard
fire assay method. The writer is the qualified person for
planning and implementation of the program.
Ronald J. Bradshaw, P.Eng President
Gowest Amalgamated Resources Ltd
Issued and Outstanding: 11,034,333
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald J. Bradshaw
(519) 5385858
(519) 5385530 (FAX)
The TSX Venture Exchange has neither approved or disapproved the
information contained herein.
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