Gowest News
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: GOWEST AMALGAMATED RESOURCES LTD.
TSX VENTURE SYMBOL: GWA
FEBRUARY 11, 2005 - 15:22 ET
Gowest Amalgamated Resources Ltd.: New Director for
Gowest and Drill to Startup on Frankfield Gold Deposit
TORONTO, ONTARIO--(CCNMatthews - Feb. 11, 2005) - Gowest Amalgamated
Resources Ltd.(TSX VENTURE:GWA)
The Gowest Board of Directors is pleased to announce the appointment of
William G. Howes to the Board.
Subsequent to early practical experience in the petroleum and steel
business, Mr. Howes had a long and illustrious career in finance. He was
involved with sales and research in his capacity of senior management
and the Board of Directors with Merrill Lynch and RBC Dominion
Securities. Mr. Howes, a member of the Professional Engineers of Ontario
is a graduate mining engineer from Queen's University. His knowledge and
experience will be most welcome and helpful to Gowest in the attainment
of its goals.
The Company also announces the appointment of Donald Rankin as Secretary
in place of Bruce Delguidice who has resigned the position but remains a
Director.
Next week Gowest will commence with startup of the drill program on the
Frankfield gold deposit near Timmins, Ontario and jointly owned by
Gowest and New Texmont Explorations Ltd. It is planned to complete the
exploration of the favourable zone at 50 metre intervals at the 300
metre level. Upon completion of this 3000 metre program it is expected
that we will have sufficient information, concerning the grade and
dimensions of the various deposits, to make a resource estimate and
finalize our plans for this asset.
The Company has approved the granting to William Howes of 100,000 share
options to buy 100,000 common shares at a price of $0.35 cents until
February 10, 2010.
Ronald J. Bradshaw, P. Eng. President
Gowest Amalgamated Resources Ltd
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Gowest Amalgamated Resources Ltd.
Donald Rankin
(416) 628-6556
www.gowestamalgamated.com
The TSX Venture Exchange has neither approved or disapproved the
information contained herein.
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