Gowest News
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: GOWEST AMALGAMATED RESOURCES LTD.
TSX VENTURE SYMBOL: GWA
APRIL 19, 2005 - 09:00 ET
Gowest Amalgamated Resources Ltd.: Frankfield
Drilling-2005 Winter Program
TORONTO, ONTARIO--(CCNMatthews - April 19, 2005) - Gowest Amalgamated
Resources Ltd. (TSX VENTURE:GWA) -
The winter phase of the 2005 drilling program of the Gowest - New
Texmont (50:50) joint venture in Tully Township, northeast of Timmins
Ontario, was completed in mid-March. Seven holes, totalling 2804 metres
were drilled. All of the holes were drilled at 50 metre intervals to
intersect the main gold zone near a vertical depth of 300 metres.
These seven holes and two from the previous program extend the
favourable rocks hosting multiple gold deposits over 400 metres.
/T/
Section Hole From To Zone g/ oz/
No. Classification tonne/m ton/feet
---------------------------------------------------------------------
14+50E 04-22(a) 163.67 - 166.1 Quartz breccia 3.58/2.43 0.10/8.0
438.0 - 441.0 Quartz breccia 9.23/3.0 0.27/9.8
449.2 - 453.2 Main 13.17/4.0 0.38/13.1
---------------------------------------------------------------------
15+00E 05-23 218.2 - 222.5 Quartz breccia 2.55/4.34 0.07/14.2
421.0 - 425.5 Main 1.13/4.5 0.03/14.8
---------------------------------------------------------------------
15+50E 05-24 no intersections
---------------------------------------------------------------------
16+00E 04-25(a) 309.1 - 313.6 Quartz breccia 13.13/4.5 0.38/14.8
---------------------------------------------------------------------
16+50E 05-26 353.95 - 354.8 Main 4.67/0.85 0.135/2.8
---------------------------------------------------------------------
17+00E 05-27 103.0 - 105.0 Quartz breccia 2.09/2.0 0.06/6.6
266.0 - 267.0 Quartz breccia 12.58/1.0 0.36/3.3
302.5 - 310.0 Quartz breccia 6.28/7.5 0.18/24.6
350.0 - 354.5 Main 6.43/4.5 0.19/14.8
---------------------------------------------------------------------
17+50E 05-28 348.5 - 349.5 Quartz breccia 5.38/1.0 0.16/3.3
380.4 - 381.2 Quartz breccia 5.66/0.8 0.16/2.6
---------------------------------------------------------------------
18+00E 05-29 335.5 - 341.5 Quartz breccia 2.7/6.0 0.08/19.7
381.5 - 388.0 Main 2.2/6.5 0.06/21.3
393.5 - 398.0 Main 3.13/4.5 0.09/14.8
---------------------------------------------------------------------
18+50E 05-30 263.85 -267.85 Quartz breccia 14.07/4.0 0.41/13.1
275.1 -279.62 Quartz breccia 10.15/4.5 0.29/14.8
408.5 - 412.0 Main 2.01/3.5 0.06/11.5
---------------------------------------------------------------------
(a) 2004 drilling True Width is approximately 80 % of above
intersections
/T/
The accompanying table shows the results from all of the holes drilled
at 50 metre intervals to the 300 metre level. Five of the nine holes
intersected one or more zones of significant gold mineralization having
a width amenable to the use of large scale underground mining equipment,
i.e. at least 3 metres in width. Furthermore, the most easterly and
westerly holes encountered important gold intersections. Therefore, the
favourable rocks are wide open laterally and vertically for the
emplacement of multiple gold deposits.
The individual deposits are grouped within two classifications; a main
zone pinching and swelling in an east- northeast direction adjacent to
the north of a talcose ultramafic unit and above in the hanging wall,
quartz breccia zones generally conformable to the attitude of the main
zone.
All of the drilling data, including that from previous programs, is
being digitized for presentation on various sections and plans to enable
interpretation of the geological structure and provide an estimate of
grade and potential tonnage of the resource. Thereafter we will proceed
accordingly.
The program has been conducted according to NI 43-101 requirements.
Ronald J. Bradshaw is the qualified person for the planning and
implementation of the program and is satisfied with the procedures used
to verify the data.
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.
|