NEWS RELEASE TRANSMITTED BY Marketwire
FOR:
Gowest Amalgamated Resources Ltd.
TSX VENTURE SYMBOL:
GWA
Gowest Advised of Drilling Results on Detour Lake Property
JAN 13, 2006 - 16:15 ET
TORONTO, ONTARIO--(CCNMatthews - Jan. 13, 2006) - Gowest Amalgamated Resources Ltd. (TSX VENTURE:GWA) has been advised by Trade Winds Ventures Inc. that Trade Winds reported further drilling results on the Detour Lake property. Trade Winds issued a press release today (January 13, 2006), the text of which is as follows:
-----------------------------
Trade Winds Ventures Intercepts Multiple High-Grade Gold Zones along the M Zone Structural Corridor on Gowest Option, Detour Lake, Ontario
Timmins, Ontario, January 13, 2006 - Trade Winds Ventures Inc. (TSX-V: TWD) is pleased to report gold fire-assay results from diamond drill hole TWDDH-107 and wedge hole TWDDH-107H completed on Section 12800E in late November 2005.
Together with previously reported results from TWDDH-107F, high-grade gold mineralization has now been intercepted on Section 12800E in three holes over a 100 metre height along the M Zone, which remains open along strike to the west and to depth.
The high-grade gold mineralization occurs along the upper contact of the M Zone, mafic/ultramafic contact next to an altered felsic dyke. A summary of assay results immediately along the contact include:
Hole TWDDH-107 6.78 grams/tonne Au over 5.05 metres
Includes 21.90 grams/tonne Au over 1.20 metres
Hole TWDDH-107F 5.77 grams/tonne Au over 6.75 metres
Includes 22.54 grams/tonne Au over 1.40 metres
(Previously reported, 30 metres down-dip of TWDDH-107)
Hole TWDDH-107H 10.29 grams/tonne Au over 4.00 metres
Includes 46.40 grams/tonne Au over 0.70 metres
(35 metres down-dip of TWDDH-107F)
Drilling along Section 12800E further demonstrates the M Zone Structure's consistent ability to contain high-grade gold mineralization along strike and down-dip. To date significant gold concentrations along the M Zone have now been discovered over a 4.0 kilometre strike length.
TWDDH-107 was collared on Section 12800E at 21530N bearing 193 degrees, dipping 69.2 degrees, ending at 1175.35 metres with the end of the hole bearing 203 degrees and dip at 49.7 degrees. Posted below in Table #1 are assay results from the M Zone Structural Corridor which continues to return high-grade gold values along the M Zone's upper contact and related hanging wall quartz zones. Wedging of TWDDH-107A, TWDDH-107F and TWDDH-107H began around the 600 metre interval of TWDDH-107.
TABLE # 1
SECTION 12800E
FROM TO INTERSECTIONS COMMENTS
metres metres gm/tonne metres oz/ton feet
TWDDH-107
1004.0 1007.0 1.09 3.00 0.03 9.8 Quartz veins in
altered basalts
Potassically altered
basalts,
1061.75 1065.6 4.52 3.28 0.13 10.8 Visible Gold
including
1065.4 1065.6 69.0 0.66 2.00 0.7 Visible Gold
1075.15 1080.2 6.78 5.05 0.20 16.6 M Zone with Visible
Gold
including
1079.5 1080.2 46.4 0.70 1.35 2.3 Altered Felsic
Dyke-Visible Gold
TWDDH-107H
1054.65 1056.55 6.96 1.90 0.20 6.2 Quartz veins with
Visible Gold
Potassically altered
basalts,
1091.1 1091.55 22.50 0.45 0.65 1.5 Visible Gold
1128.0 1131.0 3.00 3.00 0.09 9.8 Quartz veins with
Visible Gold
including
1130.6 1131.0 18.35 0.40 0.53 1.3 Visible Gold
1133.9 1137.9 10.29 4.00 0.30 13.1 M Zone with Visible
Gold
including
1136.7 1137.9 27.90 1.20 0.81 3.9 Altered felsic
dyke-Visible Gold
Estimated true width of mineralization is approximately 70% of core length as reported in above table.
Altogether, three wedge holes have been completed from pilot hole TWDDH-107. The upper most hole TWDDH-107A, wedged up, testing the M Zone 30 metres above TWDDH-107 returning 3.62 grams/tonne gold over 0.60 metres along the ultramafic/mafic contact, cutting off the up-dip extent to the high-grade M Zone. The remaining holes TWDDH-107, TWDDH-107F and TWDDH-107H all contain high-grade gold mineralization along the upper contact of the ultramafic/mafic M Zone (as reported above) and are spaced 30 and 35 metre intervals.
Gold mineralization along the upper M Zone contact remains open to depth with the down-dip trend of hangingwall quartz zones apparently entering into the M Zone about 30 metres beneath TWDDH-107H. Therefore, further drill testing down-dip of TWDDH-107H has been recommended by Detour Lake geologists and will be initiated during the 2006 winter drilling program.
Trade Wind's Gowest Project is located approximately 5.0 km west of Placer Dome's Detour Lake Mine, which historically produced 1.7 million ounces of gold. Trade Winds is earning its 60% interest in project from Gowest Amalgamated Ltd. (TSX-V: GWA), one of its three optioned Detour Lake Properties located in one of Canada's most prolific gold producing belts, the Abitibi Greenstone Belt, situated approximately 160 kilometres northeast of Timmins, Ontario.
Mr. Lorne Warner, P. Geo. Is the qualified person for Trade Winds' Detour Lake Projects. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gowest Amalgamated Resources Ltd.
Ronald J. Bradshaw, P. Eng.
President
(519) 538-5858
Visit our website at www.gowestamalgamated.com
