WestKam Discussions With Kinross Gold Moving Ahead
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 20, 2016) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") announced today that discussions with Kinross Gold for processing Bonaparte Property ore continue to move forward. A representative from the Kinross Kettle River-Buckhorn operation recently visited the site to review mine plans and project scheduling and also tour the underground workings.
"Working with Kinross, and their input, represents a key step forward in our bulk sample program," said Matt Wayrynen, WestKam's President and CEO. "We're pleased to have them on board, and I'm confident their contributions will be invaluable as we move towards the processing phase of the program."
A representative sample of the Bonaparte ore left over from the 2010 bulk sample program was collected during the tour for geochemical and metallurgical test work. Although technically not derived from the current underground program, the sampled material was deemed reasonably representative of the overall nature of the planned bulk sample. Gold recovery, as determined from bottle-roll leach tests using parameters that mimic conditions at the Kettle River Mill facilities in Washington State, averaged 98.7%. The subsample prepared for the leach tests had an average grade of 0.57 opt Au. Additional ore grade material from the current bulk sample program will be submitted to determine its geochemical and metallurgical characteristics.
The company is currently in discussions with Kinross regarding the processing of the Bonaparte bulk sample ore at their Kettle River Mill facility. The 2010 bulk sample, totaling 364.6 dry short tons averaging 0.475oz/ton gold, was processed at the Kettle River Mill facility returning 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
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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.