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WKG WestKam Gold Corp

0.115
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
WestKam Gold Corp TSXV:WKG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.115 0.085 0.105 0 21:00:00

BC Geologic Survey Paper Reinforces WestKam Exploration Strategy at Bonaparte

27/02/2013 12:00pm

Marketwired Canada


WestKam Gold Corp. (TSX VENTURE:WKG) ("WestKam" or the "Company") announced
today that the BC Ministry of Energy, Mines and Natural Gas has released a BC
Geological Survey Paper on WestKam's Bonaparte Property located near Kamloops in
southern British Columbia. The report resulted from an investigation of
Bonaparte by BC government geologists Jim Logan and Mitch Mihalynuk in 2012. A
summary of their findings was released in January 2013. A link to the full
report is posted on the "Recent News" section of WestKam's website
(www.westkamgold.com).


The report, titled "Bonaparte Gold: another 195 Ma porphyry Au-Cu deposit in
southern British Columbia?" was highlighted by their statement, "We speculate
that the Bonaparte deposit represents an upper level of a buried porphyry
system."


"We are extremely encouraged by the positive data presented in this arm's length
investigation," said WestKam President & CEO Matt Wayrynen. "We have long
believed that the Bonaparte property holds significant potential for discovery
of a large-scale, porphyry copper-gold system."


Following is a summary of Mr. Logan's and Mr. Mihalynuk's findings:



1.  The Bonaparte property lies within the north-trending Wildhorse-
    Takomkane magmatic belt midway between the former Brenda porphyry
    copper-molybdenum mine and Woodjam porphyry copper-gold deposit. 
2.  The age of the Bonaparte intrusive complex has not been determined, but
    is assumed to be Early Jurassic based on its position in the magmatic
    belt. This important correlation will be confirmed when isotopic age
    determinations are completed.  
3.  The Bonaparte intrusive complex consists of biotite-altered and
    silicified quartz diorite porphyry; a younger, propylitic to potassic-
    altered monzodiorite; and thin cross-cutting granite dykes. 
4.  High-grade gold mineralization that has been the focus of exploration on
    the property occurs in a series of discrete quartz-sulphide veins that
    cut the intrusive complex at the Discovery Zone. 
5.  Biotite, sericite and carbonate alteration of the rock that envelope the
    veins is accompanied by disseminated and fracture-controlled pyrite,
    chalcopyrite and arsenopyrite +/- molybdenite.  
6.  A grab sample of this style of mineralization returned values of 0.12%
    Cu, 0.26 g/t Au and 2.2 g/t Ag. 
7.  The geologic setting, alteration assemblages and styles of
    mineralization suggest that the Bonaparte deposit may represent the
    upper level of a buried porphyry system. 



The company is preparing for its next round of exploration in 2013. "This report
by the BC government reinforces our confidence in WestKam's current exploration
plans." Mr. Wayrynen added. "We're excited to test the potential for a hidden,
well-mineralized bulk-tonnage copper-gold deposit in addition to the focused
drilling campaign on the Discovery Zone gold veins."


WestKam Gold's plans for 2013 include a comprehensive surface mapping and
sampling program and systematic drill campaign designed to 1) establish a NI
43-101 compliant resource for the property, 2) evaluate potential extensions to
the known veins, and 3) explore the property's potential to host a deeper bulk
tonnage, porphyry copper-gold (+/- molybdenum) deposit.


About WestKam Gold Corp.

WestKam Gold Corp. is a Canadian gold exploration company focused on developing
the Bonaparte Gold Project near Kamloops, British Columbia. Additional
information can be found on the company's website at www.westkamgold.com 


ON BEHALF OF THE BOARD OF DIRECTORS

Matt Wayrynen, President 

WestKam Gold Corp.

Forward looking statements:  This release contains statements that are forward
looking statements and are subject to various risks and uncertainties concerning
the specific factors disclosed under the heading "Risk Factors" and elsewhere in
the Company's periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgment as of the
date hereof based on information currently available. The Company does not
assume the obligation to update any forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WestKam Gold Corp.
John Ulmer
Investor Relations
778.994.6453
www.westkamgold.com

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