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Abzu Gold Ltd (TSXV: ABS)

Exploring and Developing Gold Projects in West Africa. Abzu is a gold exploration and development+ Read More
Home > Junior Resource Stocks > Gowest Gold Ltd.
The Ubika Research Junior Resource stock watchlist

Gowest Gold Ltd. (Symbol: V.GWA)

Company Name: Gowest Gold Ltd.
HQ Location: Toronto, Ontario
Company Website: www.gowestgold.com
Shares Outstanding 86.5 million
Closing Price (Oct 04, 2010) $0.245
Market Cap: 21.2 million
Average Daily Volume 150,000
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.

Share Highlight / 1-Year Stock Chart

Share Highlight
 
Gowest Gold Ltd. - Chart

Business Overview

Gowest Gold Ltd. is a Canadian junior gold exploration company focused on mineral exploration, operating primarily in Timmins, Ontario. Its current focus is 100% owned Frankfield East gold project located within the Abitibi Greenstone Belt, the most prolific gold region in Canada. The company is engaged in a vigorous drilling program currently at its flagship Frankfield East gold project and has been obtaining some very good drill results at this property.

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What is interesting about Gowest Gold Ltd. (V.GWA)?

  • The current focus of the company is the Frankfield East Gold Project that is located within the Abitibi Greenstone Belt, the most prolific gold region in Canada with gold production and reserve of approximately 150 million ounces. Numerous gold mines are currently operating or being developed in this region. This area is home to the world’s 2nd largest gold producer, Goldcorp (TSX-G) and upcoming junior producer such as Lakeshore Gold (TSX: LSG).
  • The Frankfield East Gold Project is an advanced stage exploration project with near term mining potential.
  • The project is a well known mining jurisdiction and is surrounded by excellent infrastructure including the access to highway 655 and an all weather gravel road.
  • The Frankfield East Gold Project is in a highly prospective area located on a significant shear structure and at junction of two fault systems. It currently has NI 43-101 compliant resource (in the inferred category) of 510,000 ounces of gold at an average grade of 6.5 grams per tonne.
  • The project has strong exploration potential as the deposit is open in all direction and at depth.
  • Gowest is currently engaged in a 20,000 meters drill program at the Frankfield East Gold Project focused on expanding the known resource exploring additional gold anomalies located along similar geological contact structures. This could result in significant exploration catalysts in the short term.
  • The company recently identified 3 new gold targets and announced some impressive drill results including 10 m of 6.5 g/t gold at the Frankfield East Gold Project, which demonstrates the potential for significant expansion of the gold resource estimate.
  • The deposit at The Frankfield East Gold Project shows impressive continuity, is open at depth and in all directions. The company has the potential to expand the resource base to a minimum of 1 million ounces of gold while bringing a significant portion of the current resource in to measured and indicated categories through the ongoing infill drilling.
  • The company is expecting an updated NI 43-101 resource estimate during the 4th quarter of 2010 and a scoping study for the Frankfield East Gold Project during Q1 of 2011.
  • A large land position of approximately 25 square kilometre at and around the Frankfield East Gold Project indicates strong blue sky potential.
  • Company’s projects are in Ontario, Canada, a safe and stable mining jurisdiction with very low geo-political risks.
  • The company has a strong and stable management team at the helm with a proven exploration team to carry exploration programs.
  • The company has $3 million in cash and no debt and has enough working capital to carry its planned exploration programs in the short term.

Risks

Gowest is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain.  Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, Gowest may still require additional financing. This could result in shareholders’ dilution.

Gowest Gold Ltd. News

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Gowest Gold Ltd. may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company.


Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services No
   
Common Stock/Options Ownership in Gowest Gold Ltd.  
Analyst(s) No
Analyst’s family members No
Analyst’s firm, their affiliates and/or subsidiaries No
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