Gowest Amalgamated Resources Ltd fka GWA

[NYBob]

Gowest-Timmins, Ontario Drills 5.7m of 8 g/t Gold While Demonstrating Significant Extensions at Its Frankfield East Gold Deposit
4/6/2010 8:33:50 AM - Market Wire

TORONTO, ONTARIO, Apr 06, 2010 (MARKETWIRE via COMTEX News Network) --

Gowest Amalgamated Resources Ltd. ("Gowest" or the "Company") (TSX VENTURE: GWA) is pleased to announce positive results from its ongoing 2010 drill program for the 100% owned Frankfield Project in Timmins, Ontario.


- Deepest hole drilled to date, 700m vertically, encountered 3m of
mineralization at a grade of 8.4 g/t gold. In excess of 80% of the known
resource at the Frankfield East gold deposit was drilled previously at a
vertical depth of less than 400m. Recent modelling shows that the
deposit remains open at depth. Drilling continues.

- The resource has been expanded along strike from approximately 450m to
700m representing an increase in strike length in excess of 50%. Results
received to date indicate the potential for further extensions.

- Average mineralized width for the five drill holes targeting the area of
expanded resource potential is approaching 4m at a grade of
approximately 7 g/t gold. These results are consistent with previous
17,200m of drilling utilised as the basis for the existing 43-101
compliant Frankfield East 510,000 oz inferred mineral resource (2.4
million tonnes @ 6.5 g/t gold -- G.A. Harron, February 15, 2006).


Greg Romain, President & Chief Executive Office of Gowest, said, "We are pleased that these initial results have significantly extended both the strike and depth of the Main Zone at the Frankfield East gold deposit. The results to date support the potential we believed existed, significantly increasing the size of the mineralized envelope by 50% both along strike and also at depth, moving us further toward our ultimate goal of defining a mineable resource for the deposit." Mr. Romain added, "To date we are less than a quarter of the way through the 20,000m drill program planned for 2010. The Company looks forward to the completion of our Phase 1 drill program and the initiation of the Phase 2 drill program this spring which will continue to target further extensions of the Frankfield East gold deposit as well as investigating other previously unexplored targets surrounding the current deposit."

For an overview of the Frankfield East gold deposit please click on the following link: http://media3.marketwire.com/docs/DrillLayout.jpg

The Frankfield Project 2010 Development Program

The Frankfield Project area is located in Tully Township approximately 30 km Northeast of Timmins, Ontario.

Located within the project area is the Frankfield East gold deposit which contains an underexplored 510,000 oz (2.4 million tonnes @ 6.5 g/t gold) 43-101 compliant inferred mineral resource that was previously estimated as part of a 50/50 joint venture. In March 2009, the Company began the consolidation of the Frankfield regional area becoming the 100% owner of the Frankfield East gold deposit as well as the adjacent mineral concessions. This consolidation continued in 2010 with the acquisition from Goldcorp of a significant land package contiguous to the east of the Frankfield project (see press release dated December 23, 2009).

Prior to initiating the current drilling program, the Company completed a comprehensive review and re-evaluation of all geological, geochemical and geophysical data available from historical work carried out in the project area. The results of this work allowed for the preparation of an updated regional geological model showing the potential for significant extensions to the Frankfield East gold deposit along strike and at depth as well as identifying a number of other significant unexplored anomalies.

The recent drill results are part of the first phase of a minimum 20,000m drill program that commenced in January 2010. In conjunction with the ongoing work aimed at expanding the Frankfield East gold deposit, the company's 2010 development program also includes:


- drilling to evaluate a number of high priority gold targets elsewhere on
the property;

- metallurgical testwork to determine processing alternatives for the
Frankfield mineralization;

- an evaluation of site locations for processing facilities;

- environmental baseline studies to allow for future bulk sampling and/or
mining;

- consideration of an expansion of the current development program in the
second half of 2010.


The budget for the current development program is approximately $4 million. The funds for this work are presently in place.

2010 Drill Program Results

A total of 3,600m of exploration drilling from eight holes has been fully logged and assayed to date with the key highlights set out in Table 1 below. It should be noted that hole GW10-49 was drilled early in the campaign at a location near the western limits of the previously drilled Frankfield East gold resource. This hole was intended to verify that the location of the main mineralised zone was consistent with the updated Frankfield resource model. The intersections in holes GW10-45/47/55/61/62 are notable in that all of these holes intersected significant extensions (strike/depth) to the known Main Zone of the deposit. The average mineralised intersection for these holes was approximately 3.5m at a weighted average grade of 7.1 g/t gold, which is consistent with the previous drilling completed on the deposit. The intersection of hole GW10-55 (3.0m @ 8.4 g/t gold) is especially notable as this is the deepest exploration hole drilled to date (approximately 700m vertical depth) at the Frankfield project confirming the Company's belief that the mineralization remains open at depth and substantially deeper than previously drilled.

Also included in Table 1 are a few highlighted intersections referred to as part of the Breccia Zone. These gold-bearing quartz vein systems are persistent throughout the Frankfield East gold deposit and are located in the mafic rocks forming the hanging wall of the deposit. The continuity of the veins is not well understood at this time and will be targeted later in the drill campaign in an effort to better understand their potential to augment the Frankfield East gold deposit resources.

Drill holes GW10-51/52 were targeted specifically to examine the western strike extension limits in the updated geophysical model for the Frankfield East gold deposit to a depth of 400m. As inferred from the model, the rocks encountered by these holes demonstrated that the target alteration zone, which is characterised by silicification and the presence of gold-bearing sulphides, shows a reduction in both width and intensity at this location. The potential for a continuation of the mineralization at depth remains along the western extents of the deposit and additional drilling is planned to evaluate this opportunity. The eastern limits of the deposit are less clearly defined in the geophysical model and the absolute limits have yet to be reached by the current drill program.

Table 1. Drilling Results of the Frankfield East Gold Deposit


----------------------------------------------------------------------------
Hole No. Depth (m) Interval (m) Grade (g/t gold) Notes
----------------------------------------------------------------------------
GW10-45 164.4-165.9 1.5 8.5 Breccia Zone
186.3-192.0 5.7 8.0 Main Zone
196.15-196.75 0.60 5.7 Breccia Zone
----------------------------------------------------------------------------
GW10-47 418.0-423.0 5.0 4.6 Main Zone
----------------------------------------------------------------------------
GW10-49 284.45-285.65 1.2 4.1 Main Zone(i)
----------------------------------------------------------------------------
Minor sulphide content, no intervals greater than 3 g/t gold
GW10-51 (drilled west of main alteration zone)
----------------------------------------------------------------------------
Minor sulphide content, no intervals greater than 3 g/t gold
GW10-52 (drilled west of main alteration zone)
----------------------------------------------------------------------------
GW10-55 785.0-788.0 3.0 8.4 Main Zone
----------------------------------------------------------------------------
GW10-61 123.35-126.0 2.65 10.2 Main Zone
----------------------------------------------------------------------------
GW10-62 108.0-108.3 0.3 13.5 Breccia Zone
474.1-475.4 1.3 3.1 Main Zone
----------------------------------------------------------------------------
m - metre, g/t gold - grams per tonne contained gold
Note: Intervals shown are core lengths (true width of mineralization will be
slightly reduced).
Holes GW10-46/48/50/53/54/56/57/58/59/60 were located in field but
have not yet been completed.
(i) Drill hole GW10-49 was targeted to intersect the existing 43-101
Frankfield East mineralized Main Zone.

In addition to the exploration drilling summarised in the above table, a total of approximately 1300m of large diameter (HQ) drill core was completed as part of this campaign through known zones of mineralization. This drill core is intended to be used for the Company's upcoming detailed metallurgical program targeted for completion in the second half of 2010. In order to ensure that the Frankfield project is developed in as short a timeline as possible, a number of development programs (metallurgy, geotechnical, environmental baseline) have been planned to run concurrently with the project exploration work.

Qualified Person

This press release has been reviewed by Mr. Darren Koningen, P. Eng., Gowest's Vice President of Technical Services. Mr. Koningen is a Qualified Person under National Instrument 43-101.

All drill core samples were photographed prior to being split and logged. Sample intervals were determined based on geological context and varied in length from 0.3 - 1.5m. Half of the split core from each interval was bagged and delivered to the ALS Laboratory Group ("ALS") preparation facility located in Timmins, Ontario. All samples were prepared by ALS and analyzed for gold using fire assay procedures with an Atomic Adsorption Spectroscopy ("AAS") finish in addition to the completion of a multi-element ICP-AES scan. ALS's main North American assay laboratory in Vancouver, British Columbia is accredited to ISO/IEC 17025:2005.

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation, development and operation of its 100% owned Frankfield East gold deposit while continuing to evaluate additional exploration and acquisition targets in the vicinity of the Frankfield project area, part of the prolific Timmins, Ontario gold camp.

Forward-looking statements

This news release contains certain "forward looking statements". Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Contacts: Gowest Amalgamated Resources Ltd. Greg Romain President & CEO [phone] [e-mail]

SOURCE: Gowest Amalgamated Resources Ltd.

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