Gowest Gold (CVE:GWA) said Monday that recent drilling at the Frankfield East gold deposit has extended the strike length to the east and west by 400 metres. The mineral explorer said the resource remains open laterally in both directions and at depth, with a strike length of 1,350 metres. The deposit, which consists of 42 claims on 2,444-hectares, lies about 42 kilometres north east of Timmins in the southwest part of Tully Township. Gowest's chief executive Greg Romain said: "We are extremely pleased with the continued extension of the strike length, which is now one of the longest ever drilled in the Timmins gold camp." "Drilling results continue to demonstrate the Frankfield East deposit has the potential to be the next multi-million ounce gold deposit in the camp." The CEO added that the mineralization within the newest 600 metre of strike has not been included within a resource estimate, which it plans to update later this year. Diamond drilling, which was performed between October 2011 and January 2012, incorporated drill holes GW11-188, GW11-191, GW11-192 and GW11-193. These holes are located to the west of and along strike at the Frankfield East deposit. The highlight from these holes was GW11-188 which found gold of 3.6 grams per tonne (g/t) at 16 metres, starting at a down hole depth of 95 metres, and vertical depth of 72 metres. Meanwhile, drill hole GW11-193 – which was collared 300 metres west of any previously identified mineralization – found 1.6 g/t of gold at 1.5 metres from a hole depth of 24 metres. Drilling at GW11-196, GW11-197, GW12-200 and GW12-202, also located to the east and along strike with the deposit, also intercepted gold. "Although these eastern holes did not contain as much gold throughout as did the western holes, the geological target horizon persists," the company said. Toronto-based Gowest said further drilling, particularly to the west, is underway to test whether and how far the deposit continues to extend in this direction. The gold miner finalized its majority ownership of the deposit three years ago. Gowest said the deposit had a historic resource NI 43-101 compliant of 510,000 ounces gold, based on 74 drill holes for 17,200 metres, and a strike length of 450 metres and depth of 450 metres. Since then, Gowest has more than doubled the size of the resource to 348,000 ounces of gold in the indicated category, and 838,900 ounces of gold in the inferred category. Recently, the company has launched its 2012 winter drilling program – which includes about 15,000 metres of drilling on its 60-square kilometre North Timmins Gold project area. About 8,000 metres of drilling is planned around the Frankfield East deposit to test further extensions and to test the deposit depth. In addition, an extra 7,000 metres of drilling is planned on the high priority gold targets on other parts within the North Timmins gold project, where several target horizons have been discovered. These targets, which were found by a recent airborne geophysical and soil gas geochemical survey, are related to co-incident anomalous geochemical and magnetic-conductive zones with features similar to the Frankfield East deposit. The company’s share price closed Friday at 17 cents apiece.

Source