Gowest Gold Ltd. reported that it has completed its previously announced 5,000-metre Phase 1 surface diamond drill program. Plans for this new $10 million exploration program on the NTGP include evenly splitting the funds between underground drilling and surface exploration. The surface drilling program, budgeted at $5 million, mainly entails diamond drilling.

A total of 16,500 m is planned for the central to western portion and the depth extension of the Bradshaw deposit (10,000 m), the Sheridan Zone (2,500 m), the Roussain Zone (2,500 m), as well as Induced Polarization (IP) targets (1,500 m). An IP geophysical survey is also planned for the surface exploration program to generate new targets on the NTGP area. A total of 5,055 m of drilling was completed as of November 30.

This consists of 16 holes completed on the eastern to central portion of the Bradshaw deposit. The 5,000-metre Phase 1 drill program was finished with the completion of hole GW23-335, and additional exploration drilling is underway, funded through the above-noted loan agreement. Highest intercept: 8.12 grams per tonne (g/t) gold (Au) over 2.5 m in hole GW23-332 from the HW4 zone within 2.95 g/t Au over 15 m. Several new hanging wall (HW) zones were cut, with the highest being 6.53 g/t Au over 1.6 m in hole GW23-332.

The 5,000-metre Phase 1 drill program was finished in November with the completion of hole GW23- 335. A total of 16 drill holes (5,055 m) were drilled in the program from which all gold results have been received. Ten significant gold intersections were encountered in three recent holes: GW23-332, GW23-334 and GW23-335.

The highest intersection received was 8.12 g/t Au over 2.5 m in hole GW23-332 from the HW4 zone. Encouragingly, several new hanging wall zones were encountered in the holes with the highest being 6.53 g/t Au over 1.6 m, 6.08 g/t Au over 1.9 m, and 6.03 g/t Au over 1.7 m. Two holes also intersected the HW4 Zone, returning 2.95 g/t Au over 15 m, including 8.12 g/t Au over 2.5 m (GW23 332) and 4.62 g/t Au over 1.5 m (GW23-334). Other significant zones encountered were the YDA zone in hole GW23-332, which returned 5.5 g/t Au over 1.4 m, the HW1 zone in hole GW23-335, which returned 5.26 g/t Au over 1.8 m, and the HW2 zone in hole GW23-334, which returned 4.42 g/t Au over 1.80 m.