$4-million investment in golden property – by Len Gillis (Timmins Daily Press – December 3, 2014)

The Daily Press is the city of Timmins broadsheet newspaper.

TIMMINS – Another junior mining company is betting it has found a viable gold property in the city with a heart of gold. Gowest Gold Ltd., a firm with solid roots in Timmins, is planning to fast track an exploration program for its Bradshaw gold deposit, located about 40 kilometres north of the built up area of Timmins.

The company held an open house Monday at the McIntyre Auditorium to bring shareholders, supporters and members of the public up to speed on the work the company is planning in the coming year.

One of the first things the company has planned is to prepare the Bradshaw site to remove overburden and create a water management infrastructure. The company has also planned significantly more exploration drilling, according to company president and CEO Greg Romain, a Timmins native.

He said the company is in an enviable position of having closed a $4-million financing deal with Fortune Future Holdings Limited of China, who Romain said has demonstrated significant faith in the project.

‘First of all it is one of the newest deposits, not near an existing mine, to be found what I’ve been told since Hoyle Pond was discovered 25 years ago. It is one of the longest strike lengths found in the Timmins camp and it is still open at depth, and that’s just at the Bradshaw deposit,” said Romain, adding that the property is named for his father-in-law Ron Bradshaw, well known in the business and mining community in Timmins.

“The other upside is that we were able to close a $4-million financing this past summer and fall,” said Romain, commenting on the Fortune Future deal.

“We found partners out of China who are excited about this area. They want to build a mine and they want to drill some more in the future,” he said.

“There’s lots of good things happening right now from a junior mining perspective.

Not a lot of companies are in our position right now,” said Romain.

He added that for whatever reason, investment money is currently coming from the Middle East and Asia.

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