Page 38 By Gregory Reynolds Gowest Gold Ltd continues on a path that tar gets production at its T immins area property beginning in 2015 Gowest is a Canadian gold explora tion and development company fo cused on the delineation and develop ment of its 100 owned Bradshaw Gold Deposit Bradshaw formerly Frankfeld East on the Frankfeld Property part of the company s North T immins Gold Project NTGP Gowest is exploring additional gold tar gets on the 107squarekilometre NTGP land package and continues to evaluate the area which is part of the prolifc T immins Gold Camp The latest updated resource estimate for Bradshaw included approximately 945600 ounces of gold in the Indi cated category 60 million tonnes at a grade of 49 grams per tonne gt and 536800 ounces of gold in the In ferred category 37 million tonnes at a grade of 42 gt As was used in the company s Pre liminary Economic Assessment the current estimat e is based on a 30 gt Au cutof f and a conservati ve gold price of US1200oz On Sept 1 1 Gowest provided an update on its latest engineering and drilling activities at its whollyowned Bradshaw Deposit with the following highlights Completed 24 holes totalling 3689 metres on summer infll core drilling program at the Bradshaw in prepara tion for mine planning Completed under ground acce ss ramp design for advanced exploration at Bradshaw Commenced mine stope planning Gowest president and CEO Greg Ro main said W e are pleased with the steady progress we have managed on developing this project to date and how we are tracking our timeline Meanwhile we are also evaluating a number of potential fnancing options in order to ensure that we have the optimum funding available to bring Bradshaw into production and maxi mize shareholder value The tim eline calls for the company to complete the Advanced Exploration permit application that is expected to be submitted to the province by the frst quarter of 2014 This application will include an un der ground mine plan that will be helpful for developing both expected mining economics as well as a more detailed mining schedule Further at the request of management of Kidd Operations Gowest has initiated a feasibility study specifcally focused on the planned modifcations to the Kidd Creek Mine Mill that will be needed to optimise the processing of the Bradshaw gold mineralization On May 29 Gowest announced that it had entered into a nonbinding Letter of Intent with Kidd Operations locat ed in T immins The plan is to refur bish the Division D line of the mill at Kidd to process Gowest s ore into a highgrade 90 grams per tonne gold concentrate The proposed arrangement between the companies signifcantly reduces the cost and time to commer cial pro duction of the Frankfeld East gold deposit Highlights of the collaboration be tween Gowest and the Kidd Opera tions Utilizes excess capacity at the Kidd Operations mill reducing overall milling costs and increasing revenue Signifcantly reduces Gowest capi tal cost requirements by an estimated 107mm in avoiding the construction of a standalone facility 60mm vs 167mm and Enables Gowest to begin commer cial production 23 years earlier since a new mill would not have to be con structed Other milestones include the comple tion of formal partnership and fnanc ing arrangements which are expected to be in place prior to the end of the permitting process This is expected to be followed in 2014 by the start of construction with project commis sioning and production rampup com ing in 2015 On June 25 2013 Gowest received notifcation from the Ontario Ministry of Northern Development and Mines that lease applications surface and mining have been granted for 13 un patented mining claims on the T ully East Property These 13 unpatented claims east of and contiguous to the Frankfeld Property cover 1327 hect ares Gowest plans 2015 pr oduction at its T immins ar ea pr operty