ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

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

Corporate Update: WestKam Gold Announces Upcoming Exploration Program

17/09/2012 2:00pm

Marketwired Canada


Following the signing of an Advanced Exploration Agreement with the
Stk'emlupsemc te Secwepemc Nation (announced August 8, 2012), WestKam Gold Corp.
(TSX VENTURE:WKG) is preparing to launch an extensive exploration program on its
75%-owned Bonaparte gold property. The 2,461-hectare Bonaparte Property is
located approximately 35 kilometres north of Kamloops, British Columbia and is
accessible by paved and well-maintained gravel roads.


New Program to Test For Extensions to Known High-Grade Gold Vein Mineralization 

The upcoming exploration program, expected to begin in October, will evaluate
potential extensions to the known high-grade gold veins that comprise the
Discovery Zone. A series of selected drill holes are proposed for this key
target. Oriented drill core will provide important information for interpreting
vein and fault structure orientation and potential controls on mineralization.
The program will also evaluate other areas of the property in order to identify
other targets that merit trenching and drilling. 


Geochemical and Geophysical Exploration Also Planned 

Detailed geochemical and geophysical components of the exploration program will
evaluate an area east of the Discovery Zone that is underlain by hornfelsed
sedimentary rocks, quartz diorite and quartz veins. Historical soil sampling
outlined a two km trend of anomalous gold values with individual sample results
reaching up to 3270 ppb Au. Prospecting along this trend has identified quartz
veins within hornfelsed sedimentary rocks; grab samples from bedrock assayed up
to 0.788 g/t Au (0.023 oz/ton Au) and angular quartz vein float samples assayed
up to 74.74 g/t Au (2.18 oz/ton Au). The geochemical and geophysical program
will better define areas for follow-up exploration leading to drilling and the
potential for developing new targets on the property. 


High-Grade Gold Veins Open to Expansion 

The Bonaparte property, first explored in the early 1980s, hosts a series of
well-developed shear/fracture zones in which gold-bearing quartz veins occur. At
least nine veins have been identified to date. Trenching, drilling and sampling
of underground workings have produced high-grade gold assays. Gold-bearing veins
average two-to-three meters wide and appear to be located 12-to-15 meters apart
within a larger regional structure. Exploration to date suggests that the veins
are open to expansion in all directions. 


In 1994, two small open pits were developed on the Grey Jay - Crow Vein yielding
a 3700 tonne bulk sample averaging approximately 26.5 g/t Au. Several high-grade
intersections were encountered in diamond drilling beneath the present bottom of
the pits, including: 113.79 g/t Au over 0.59 m in DDH86-12, 84.21 g/t Au over
1.44 m in DDH 86-16, 321.22 g/t Au over 0.56 m in DDH 89-6, and 115.41 g/t Au
over 1.07 m in DDH 86-13. These intersections represent drilled core widths and
thus are not true widths. 


In 2010 a 364 ton test sample averaging 0.475 oz/ton Au was collected from the
Crow Vein and shipped to the Kinross Mill in Republic, Washington for
processing. 


Developing a Regional Exploration Approach 

The new Bonaparte Exploration programs are designed to bring together in one
campaign a regional approach to the evaluation of the property which was lacking
in the past. The program will not only evaluate the potential to extend the
previously identified gold-bearing quartz veins of the Discovery Zone both along
strike and at depth, but will also increase the likelihood of further
discoveries elsewhere on the property. 


Bob Lane, PGeo., is the qualified person for the Bonaparte Gold Project and has
reviewed the contents of this release 


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 

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.


1 Year WestKam Gold Chart

1 Year WestKam Gold Chart

1 Month WestKam Gold Chart

1 Month WestKam Gold Chart

Your Recent History

Delayed Upgrade Clock