Gowest Gold Ltd. has entered an agreement with Crown Mining Corp. to acquire mining claims adjacent to the past-producing Hallnor Gold Mine.
Under the agreement, Gowest would acquire 100 per cent interest in four patented claims totalling 64 hectares located in Whitney Township near Timmins.
The claims to be acquired by Gowest adjoin the north and northwest boundary of the Hallnor property and lie approximately one kilometre northwest of the Hallnor Gold Mine.
The Hallnor Gold Mine was among the richest in the Timmins camp, with grading of 0.41 oz per ton for 4.2 million tons, and was notable in that production of 1.7 million ounces came from an area enclosed within four claims (64 hectares). The claims to be acquired are contiguous with five patented claims (80 hectares) already owned by Gowest in Whitney Township.
Once the acquisition is completed, Gowest's total land holding in the Timmins Gold camp will be approximately 11,000 hectares (110 square kilometres).
“While our interest in Whitney has been driven by the geological and geophysical evidence the company has collected over the years, its proximity to the Hallnor Mine — and Temex's, Lake Shore Gold's and Goldcorp's properties — just made it that much more attractive to us,” said Greg Romain, Gowest Gold’s president, in a news release.
"Our main focus is on developing our Bradshaw Gold Deposit; however, we believe Whitney could well turn out to hold at least as much potential.”
