TORONTO, ONTARIO -- (Marketwire) -- 01/14/13 -- Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE: GWA)(OTCBB: GWSAF) is pleased to announce that John Frostiak, P. Eng., an internationally experienced mining engineer, has agreed to become a Senior Consultant to the Board providing technical opinions, advice or input as required. This appointment is in support of the Company's recently announced plans to accelerate the timetable for putting its wholly-owned Frankfield East deposit in the Timmins Gold Camp into production (see Gowest news dated Nov. 12, 2012.)
Mr. Frostiak is a registered professional engineer in the province of Ontario, a member of the Canadian Institute of Mining Metallurgy and Petroleum and the Society for Mining, Metallurgy and Exploration Inc. He recently retired as Corporate Project Manager for Barrick Gold Corporation ("Barrick"), where he was responsible for the Kabanga Ni project (Xstrata Ni is the operator), capital project risk assessment and the Barrick Development System, which governed the minimum standards required for conducting studies and executing projects. In prior years, he held other positions within Barrick and was responsible for numerous technical accomplishments, including leading the development of the process plant and surface facilities for the Pierina mine in Peru, the Bulyanhulu mine in Tanzania, and the Cowal mine in Australia. Prior to joining Barrick, he spent eight years at the Campbell Mine, now part of the Red Lake gold mine complex - Canada's largest gold mining operation - where, as Mill Superintendent, he managed the process selection, engineering, design, and construction of the autoclave and other modernisation projects. Mr. Frostiak has been a director of Colossus Minerals Inc. since 2007 and was appointed Chairman of the Board in October 2012.
The Company is advancing plans to initiate mining operations at the Frankfield East deposit prior to 2015. Accordingly, Gowest has entered into a memorandum of understanding with an existing third party processor in the Timmins area, which has sufficient milling capacity to allow Gowest to process ore from the Frankfield East gold deposit for a fee. The Company is preparing a number of engineering, metallurgical, and mine development studies aimed at establishing appropriate technical, operational and economic parameters required by all parties. With the baseline environmental study completed at the Frankfield East deposit this past summer, current plans include Gowest securing appropriate mining permits to enable it to begin mine development at Frankfield East towards the end of 2013. The current plan is to produce a high-grade gold concentrate to be sold through a separate off-take agreement.
Further, Gowest has entered into a Letter of Intent ("LOI") (see Gowest news dated March 28, 2012) to purchase the pressure autoclave and associated equipment ("autoclave") previously operating at Miramar Northern Mining Ltd.'s ("Miramar") Con Mine near Yellowknife, Northwest Territories. Gowest intends to incorporate the autoclave into the Company's mine development plans.
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