VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 16, 2015) – WestKam Gold Corp. (TSX VENTURE:WKG) (“WestKam” or the “Company”) is pleased to report assay results today from its recently completed, seven-hole, 583.22 metre drill program on the Company’s Bonaparte Project, located 50 kilometres northwest of Kamloops, British Columbia.
The 2015 exploration drill program was designed, in part, to evaluate continuity in the “Discovery Zone” of the Crow/Grey-Jay/Owl vein system at depth and along strike to the south beyond the limits of historical drilling. In addition, a significant component to the exploration drill program was designed to evaluate historical and anomalous Cu-Au soil geochemical results overlying southeast trending and coincident IP chargeability and resistivity anomalies for Discovery Zone style gold mineralization. This is the first drill program in the history of the property that drilling has been conducted outside of the main Discovery Zone. A total of 306.4 m of NQ drilling was completed in four holes from two setups in the Discovery Zone and 276.82 m of NQ drilling was completed in three outside exploration drill holes, ranging from 450 m to 900 m to the east of the Crow/Grey-Jay veins.
All of the drill holes were logged and photographed, with selected intervals of the core split and submitted to Bureau Veritas Minerals Laboratories for analysis. (See Results Table below)
Highlights from the 2015 drill program include the discovery of a new vein, 450 metres east of the Crow/Grey Jay/Owl veins of the Discovery Zone (DZ). This new vein discovery from DDH-15-05 assayed 7.88 g/t Gold, (0.253 oz/t Gold), 38.4 g/t Silver, 0.33% Copper and 28.6 g/t Tellurium over 1.0 meters. The newly discovered vein is within an anomalous IP resistivity, chargeability and Au/Cu geochemical trend which extends 1.2 kms to the south-southeast and is open both northward and southward. This is the first known drilling to be conducted outside of the Discovery Zone.
Within the Discovery Zone (DZ) the Crow, Grey Jay and Owl vein structures were cut in DDH-15-01, 02 and 03. Tellurium, for which there had been no historical analysis or mention, returned values up to 51.0 g/t Te.
Drill logs and assays from the 2015 program are being correlated with historical Au/Cu geochemical anomalies and the 2013/14 ground magnetics and Volterra IP data to develop and refine targets for follow-up drilling campaigns.
|BONAPARTE 2015 DRILLING SAMPLES: RESULTS OF INTEREST|
|1751355||DDH15-01||34.15||34.24||0.09||4.4||0.7||568.2||0.8||Central DZ Zone – Crow Vein structure|
|1751357||DDH15-01||40.85||42.07||1.22||47.3||0.4||425.8||22.9||Central DZ Zone – Grey Jay Vein structure|
|1751361||DDH15-01||64.63||66.77||2.13||7.0||0.1||314.8||0.1||Central DZ Zone – Owl Vein structure|
|1751380||DDH15-02||25.91||26.37||0.46||131.0||1.1||2826.5||36.6||Central DZ Zone – Crow Vein structure|
|1751373||DDH15-02||38.64||38.80||0.15||287.7||1.2||1644.8||32.7||Central DZ Zone – Grey Jay Vein structure|
|1751376||DDH15-02||44.89||45.05||0.15||33.7||0.4||748.6||25.8||Central DZ Zone – Owl Vein structure|
|1751377||DDH15-02||46.34||46.65||0.30||563.7||0.1||126.8||0.1||Central DZ Zone|
|1751378||DDH15-02||50.46||51.07||0.61||30.9||0.3||505.6||11.8||Central DZ Zone|
|1751388||DDH15-03||43.75||44.05||0.30||10.2||0.3||584.0||6.6||South DZ Zone – Crow Vein structure|
|1751391||DDH15-03||59.15||59.45||0.30||396.4||0.7||1614.4||51.0||South DZ Zone – Grey Jay Vein structure|
|New Vein Discovery|
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 Gold Corp. 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
Forward looking statements: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward looking statements.
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