WestKam Gold Corp.
TSX VENTURE : WKG

WestKam Gold Corp.

December 22, 2015 08:30 ET

WestKam Identifies Large New Target Zone on the Bonaparte Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - WestKam Gold Corp. (TSX VENTURE:WKG) ("WestKam" or the "Company") has identified a large new target area on the Company's Bonaparte Project located 50 kilometres northwest of Kamloops, British Columbia. The new zone, called Cooler Creek, has been identified and interpreted from gold intercepts and geological information obtained in the company's recently-completed drill program, combined with previous soil geochemistry and geophysical results.

The Cooler Creek Zone lies approximately 200 meters from the eastern edge of the property's original Discovery Zone. In particular, hole DDH-15-05, located roughly 500 metres east of the Crow/Grey Jay/Owl veins of the Discovery Zone, encountered veins in granodiorite with the same type of mineralization as the Discovery Zone. Hole 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 (as reported in WestKam's November 16 News Release).

"With the identification of the Cooler Creek Zone, we now have a significant land play at Bonaparte," said Matt Wayrynen, Westkam's president and CEO. "Cooler Creek looks like it could be a lot larger than the Discovery Zone, and it gives us a vast area of drill targets with excellent access logistics for our planned 2016 program. We also see that this zone remains open to the north."

The 2015 program marked an important departure from previous drill exploration at Bonaparte, which has been traced by geophysics and soil geochemistry for approximately 1.2 kms north-south and 1.2 kms east-west had focused entirely on the Discovery Zone. However, past reconnaissance work outside of the Discovery Zone had amassed a large amount of data indicating larger mineral trends lying roughly parallel with the Discovery Zone. "We knew from the interpretation of geophysics and the many geochemical anomalies that something was there," said Wayrynen. "This was why we budgeted for three holes to test this area east of the Discovery Zone."

Wayrynen also praised the work of the geologists and drillers. "To have come up with this amount of valuable data from only seven holes was quite remarkable. With a very limited budget, we moved the project ahead significantly. I'm looking forward to an expanded program in 2016."

WestKam's Q4 2015 Update provides additional information about the Cooler Creek Zone and the 2015 drill program. It can be viewed here.

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.

Contact Information

  • WestKam Gold Corp.
    John Ulmer
    Investor Relations
    778.994.6453
    www.westkamgold.com

    WestKam Gold Corp.
    Suite 900, 570 Granville Street
    Vancouver, BC V6C 3P1