VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 28, 2016) – WestKam Gold Corp. (TSX VENTURE:WKG) (the “Company” or “WestKam“) is pleased to report that the required documents to initiate the 10,000 tonne bulk sample program have been submitted to the British Columbia Ministry of Energy and Mines (MEM) and with their approval, work has begun in preparation of advancing the decline towards the Grey Jay/ Crow vein system. The remaining underground mining equipment and personnel are being mobilized to the site this week. Compressed air, water, electrical services and ventilation will be installed and once in place, advancement of the decline will begin and extraction of the material will begin the week of July 4.
WestKam has also initiated talks with various milling facilities to process the bulk sample material.
“This is an important and very positive development for WestKam shareholders,” said Matt Wayrynen, WestKam’s President and CEO. “I’m grateful for the hard work put in by the crew at Bonaparte to meet all the environmental, ground prep and other requirements from the Ministry of Energy and Mines. Our previous bulk sample programs at Bonaparte have been very successful, and we believe shareholders can look forward to exciting news in the months to come.”
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.
