Page 1 10 tional gold tar gets on its North T im - mins Gold Project area, part of the prolifc T immins Gold Camp. The Frankfeld East deposit has been estimated to contain 348,000 ounces of gold in the Indicated category (1,621,000 tonnes at a grade of 6.68 g/t Au) plus 838,900 ounces of gold in the Inferred category (4,342,000 tonnes at a grade of 6.01 g/t Au). The company also continues to evaluate acquisition tar gets in the vicinity of the North T immins Gold Project area. On July 27, the company announced that it has completed its previously announced acquisition of the T ully East Guidoccio Property contiguous to the company’ s North T immins Gold Project (NTGP). The company has acquired, from an arm’ s length party , the surface and mineral rights to certain unpatented mining claims strategically located east of the company’ s T ully East property . Gowest acquired all of the vendor ’ s right, title and interest in the property , which is recorded in the Porcupine Mining Division in T ully T ownship, in exchange for 200,000 common shares of the company . W ith this acquisition, Gowest’ s North T immin s Gold Project now covers 61 unpatented claim s and eight mining leases over a total of 9,255 ha (93 km2) in Evelyn , Little, Prosser , T ully , and W ark T ownships in the T immins Gold Camp. The newly acquired land package is strategically located along the east - ern portion of the geological struc - tures that host Gowest’ s Frankfeld East gold deposit as well as a num - ber of other gold showings. Exploratory drilling southeast of the Frankfeld East deposit has sig - nifcantly improved the company’ s knowledge of the regional geologi - cal structures. This includes recent drill holes on the Pipestone Main property , that have intersected car - bonate alteration, indicating that the same type of fuids that carried the gold to the Frankfeld East deposit are present elsewhere along the Pip - estone Fault. Furthermore, the northern portion of this new property area also expands the company’ s holdings to include the North Pipestone Break structure, another prospective area that has re - cently been defned by the compa - ny’ s ongoing exploration program. This newly identifed geological fault adds further to the prospectiv - ity of the overall Pipestone structure and coincides with previous historic drilling that identifed gold-bearing structures on the company’ s T ully Cont’d on pg. 109 Cont’d from pg. 106 T ully pr operty expanded: GOWEST “The Porcupine Camp” A New Golden Era Page 108