WestKam Prepares for Bulk Sampling Program at Bonaparte Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2016) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") is pleased to report that a crew has been mobilized to initiate dewatering of the underground decline and site commissioning on the company's Bonaparte Project, located 50 kilometres northwest of Kamloops, British Columbia.
On April 20, 2016, WestKam received a permit from the British Columbia Ministry of Energy and Mines for the purpose of extracting a 10,000 tonne bulk sample from the company's Bonaparte Project. The permitted design of the Bulk Sample program includes extension of the existing decline approximately 245m through to the Grey Jay / Crow vein system. A crew has been mobilized to prepare the site for the upcoming bulk sample program. Dewatering of the flooded underground adit began on Sunday May 29, 2016 and was completed on Wednesday June 1, 2016. Prior to commencing any new underground development, the stability of the existing decline will be evaluated, and a Ground Control Plan is to be submitted to the Chief Inspector of Mines for approval.
"I'm very pleased with the progress we've made in such a short time," said Matt Wayrynen, WestKam's President and CEO. "I think shareholders can look forward to an active summer and fall at Bonaparte. We believe the information we gain from this program will help us take a major step forward in our project development."
In 1994, an open cut bulk sample program was completed from surface on the Grey Jay / Crow vein system. A total of 3,700 metric tons of mineralized quartz vein material was shipped to the Cominco Smelter located in Trail B.C., yielding approximately 98kg (3,160 oz gold) of gold. The shipped ore to the Trail Smelter graded 26.5gm/tonne Au.
In 2010 a second bulk sample shipment from the Grey Jay / Crow vein system was trucked to the Kinross Mill located in Washington State for processing. A total of 364.6 dry short tons of mineralized quartz vein material averaging 0.475 oz/ton Au were processed yielding 161.95 troy ounces of gold at a recovery rate of 93.51%.
Technical information in this news release has been reviewed by R. Kemp P.Geo., a qualified person as that term is defined in NI 43-101.
About WestKam Gold Corp.
WestKam 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the Offering and the use of proceeds of the Offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: TSXV acceptance of the Offering; future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the Offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.