ONTARIO – Gowest Gold of Toronto says it has received an extension of the non-binding letter of intent to refurbish and use the D line at the Kidd concentrator in Timmins to treat ore from Gowest’s Bradshaw deposit.
The agreement between Gowest and Glencore, owner of the Kidd copper mine and idled mineral processing facilities, now runs until June 30, 2015.
Gowest is working with Stantec Consulting on a pre-feasibility study and updated resource estimate for the Bradshaw gold property 50 km northeast of Timmins. The last estimate, made in November 2012, included 6.0 million indicated tonnes at a grade of 4.9 g/t Au and 3.7 million inferred tonnes at 4.2 g/t Au.
Gowest has applied for the necessary permits to conduct an advanced underground exploration program.
Learn more at GowestGold.com.