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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

WestKam Reveals 2013 Exploration Program Design and Objectives for Bonaparte Property

24/09/2013 1:00pm

Marketwired Canada


Fall Field Program Set to Begin at Bonaparte 

WestKam Gold Corp. (TSX VENTURE:WKG) ("WestKam" or the "Company") is pleased to
announce the commencement of a fall field program on the Company's Bonaparte
Gold Project. This program is designed to evaluate the copper-gold porphyry
potential of the property and test for extensions to the shear hosted,
high-grade gold in quartz veins located in the Discovery Zone. The Bonaparte
property is located 50km north of Kamloops BC.


Focusing on Two Distinct Targets

The design and objectives of the 2013 Exploration Program have been guided by
historical exploration work and geological studies carried out to date on the
Bonaparte Property. Several key factors are evident from this data and analysis,
and they essentially demonstrate the potential for two distinct targets: 1)
Shear hosted, high-grade gold in quartz vein networks and, 2) a Brenda/Woodjam
copper-gold porphyry style deposit. Therefore the 2013 Exploration Program is a
multi-faceted plan designed to target and develop both styles of mineralization.


Factors Guiding the 2013 Program Design 

The key guiding factors for design of the 2013 Exploration Program are presented
below, commencing with the high-grade shear hosted gold in quartz veins followed
by the porphyry potential:




--  High-grade gold on the Bonaparte Property has been demonstrated by bulk
    sampling and previously reported geochemical results. (Discovery Zone)
    These are shear hosted gold-chalcopyrite quartz vein networks. Facets of
    the 2013 Exploration Program are designed to test the expansion and
    extension of these zones through geological, geophysical and diamond
    drilling programs. 
    
--  East of the Discovery Zone, along Cooler Creek, historical soil sampling
    identified a 2-kilometer long anomalous gold geochemical trend.
    Prospecting and sampling in this area encountered angular quartz vein
    float material with high-grade gold values up to 74 grams/tonne. No
    follow-up has been carried out to date along this trend, and the 2013
    Program will deploy geological and geophysical studies to be followed up
    by diamond drilling of the targets identified. 
    
--  In support of the 2013 exploration program are the recent findings
    published by the British Columbia Geological Survey in Paper 2012-1
    entitled "Bonaparte gold: another 195Ma porphyry Au-Cu deposit in
    Southern British Columbia?" In support of a Cu-Au porphyry target, the
    Bonaparte Intrusions align with a north-west trending belt of early
    Jurassic porphyry deposits in the Takomane-Wildhorse Magmatic belt (TWM
    belt). The metal and alteration assemblages at Bonaparte are shared by
    porphyry deposits within the TWM belt such as the Brenda Cu-Mo and the
    Woodjam Au, Cu-Mo porphyry deposits. As well, drilling at Bonaparte in
    1986 reported polylithic breccias demonstrating the presence of high-
    level porphyry processes on the property. Therefore the 2013 Exploration
    Program is also designed to advance and test this porphyry deposit
    potential. Geological and geophysical programs will be deployed to
    define porphyry targets, followed up by diamond drilling. The link to
    Paper 2012-1 is as follows:



www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/Fieldwork/Pages/GeologicalFieldwork2012.aspx


To summarize, due to the guiding aspects and goals above, the 2013 Exploration
Program we are proposing is a much larger and property-wide set of multi-faceted
programs than has been carried out to date on the project. 


Proposed 2013 Exploration Program:

The proposed exploration program is based on the above mentioned goals. Where
feasible, the program has been designed to utilize exploration methods that will
test and target both the high-grade gold vein networks as well as the porphyry
potential, thereby more efficiently deploying the available exploration
resources.


Exploration Grid Establishment:



--  The exploration program first includes the establishment of an
    exploration grid covering the central portions of the Bonaparte claim
    group, measuring 1.2km north-south X 1.7km east-west resulting in 24.0
    line kilometers covering a total area of 204ha of land. This grid shall
    cover the Discovery Zone, the potential on-strike extension of the
    Discovery Zone quartz veins to the south and parallel targets located to
    the east along the anomalous Cooler Creek gold soil geochemical trend. 
    
--  This exploration grid will form the base and ground control for the
    subsequent geological mapping, prospecting and ground based geophysical
    programs that follow.



Geophysical Programs:



--  A 3D Induced Polarization (3D IP) and ground Magnetics survey will
    follow the exploration grid establishment. 
    
--  A 3D IP survey is a very effective geophysical method for detecting the
    disseminated mineralization of porphyry deposits at depth. The
    resistivity component of the 3D IP survey can also be effective in
    defining the structures and shear zones that are associated with the
    high-grade gold vein systems. As such, the 3D IP survey is designed to
    assist in the definition of drill targets for both. 
    
--  The ground Magnetics geophysical survey is a fast and cost effective
    method to overlay with the 3D IP data to define structures and lithology
    and therefore refine drill targets for both porphyry and gold in shear
    systems. 
    
--  Both the 3D IP and Magnetics data will be processed and modeled in 3
    dimensions to further aid in drill target definition.



Prospecting and Mapping:



--  Geotechnical Field Teams will utilize the established exploration grid
    to prospect in detail and expand on historical soil geochemical
    anomalies in order to extend known anomalous zones and identify any new
    zones as yet untested or detected. Recent clear cut logging operations
    have opened up new ground for follow up mapping and prospecting to the
    west, east and southeast of the Discovery Zone.



Diamond Drilling:



--  A drill program towards the fall of 2013 will evaluate the near surface
    shear hosted gold targets in the Discovery Zone, gold targets identified
    in the Cooler Creek Trend and targets testing the Cu-Au Porphyry
    potential.



In conclusion, the Bonaparte Property presents an opportunity to carry out an
efficient exploration program designed to overlap and define two significant
types of mineralization.


ON BEHALF OF THE BOARD OF DIRECTORS:



"Matt Wayrynen"                                                             
                                                                            
Matt Wayrynen                                                               
President                                                                   
WestKam Gold Corp.                                                          
Suite 900, 570 Granville Street                                             
Vancouver, BC V6C 3P1                                                       
www.westkamgold.com                                                         



Forward looking statements: Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
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: 
John Ulmer
Investor Relations
778.994.6453

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