Gowest News
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: GEONOVA EXPLORATIONS INC.
ME SYMBOL: GNE
AND GOWEST AMALGAMATED RESOURCES LTD.
ASE SYMBOL: GWA
JANUARY 13, 1999
Joint Venture Agreement Between Gowest Amalgamated
Resources Ltd. and GeoNova Explorations Inc.
MONTREAL, QUEBEC--Gowest Amalgamated Resources Ltd. and GeoNova
Explorations Inc. have recently executed a joint venture agreement
on a property of about 675 acres (or 275 ha) in Cavelier Township
in northwestern Quebec. GeoNova will be the operator of the 50 :
50 joint venture.
The easterly trending Casa Berardi fault associated with
significant gold mineralization, traverses the claim group for
about one mile. A series of four holes were drilled along the
conductive fault zone in 1995-96. The deeper boring, 96-20, had a
gold intersection of 11 gram Au per tonne over 4 meters (13 feet
of 0.32 oz Au per ton) (press release dated March 19, 1996) near
the centre of the claim group. Moreover, previous drilling
intersected a wide section of massive, bleached, carbonatized
volcanic rock which is an ideal host for gold deposition.
Management of the joint venture has scheduled a six hole drill
program, starting in February, to test the dimensions of the gold
mineralization along the Casa Berardi fault. Dependent on
results, the program may be extended.
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FOR FURTHER INFORMATION PLEASE CONTACT:
GeoNova Explorations Inc.
Andre Fortier
President
(514) 875-9037
or
Gowest Amalgamated Resources Ltd.
R.J. Bradshaw
President
(519) 538-5858
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