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Sector: Mining - Metals and Minerals, Energy  :


News Release -  August 3, 2016 5:15 PM ET 



WestKam Gold Corp. submits bulk sample material to Kinross, last two bulk samples averaged 26.5 g/T and 16.28 g/T Gold


NEW YORK, NY, August 3, 2016 /Sector Newswire/ - WestKam Gold Corp. (TSX-V: WKG) (US Listing: ERRCF) (Frankfurt: OUH2) this week announced that the Company is in talks with Kinross Gold Corporation regarding a nearby milling facility for processing material from WKG.V's new 10,000 tonne bulk sample program at its 100%-owned Bonaparte Gold Project, located 50 km northwest of Kamloops in British Columbia, Canada (excerpt copy of the August 2, 2016 release entitled "WestKam Submits Bulk Sample Material to Kinross" may be viewed further below). This news falls on the heels of the Company receiving approval from the British Columbia Ministry of Energy and Mines to advance the decline underground and that the required documents have been submitted to initiate the 10,000 tonne bulk sample program. The bulk sample is proximal the last two bulk samples which averaged 26.5 g/T and 16.28 g/T Gold, testimony to the exceptionally high-grades contained within a series of well-developed shear/fracture zones hosting near-surface quartz veins. This week the Company stated it expects "to initiate advancement of the decline in the coming days".

Kinross' nearby Kettle River mill -- in talks with WKG to process bulk sample from Bonaparte Gold deposit.


Kinross' Kettle River mill facility is the same facility that processed a total of 364.6 dry short tons from the same deposit of mineralized quartz vein material averaging 16.28 g/T Gold back in 2010; we anticipate we'll be seeing high-grade material, comparable to what was yielded in past bulk samples, again being processed at Kinross' Kettle River mill facility within 60 days, and we expect WKG.V to have some spectacular new releases over the coming months. More importantly we see the big-picture unfolding quickly as the development cuts a 10 by 12 foot drift through a series of high-grade veins and stockwork (running in between), affirming in the process the findings of a BCGS report that indicates the property has potential for large copper-gold porphyry, similar in nature as to what has been demonstrated at nearby Highland Valley Mine (Teck) and New Afton Mine (New Gold).


Sector Newswire has identified the following research links for additional DD on WestKam Gold Corp.:


- WestKam Gold Corp. corporate website: 


- WestKam Gold Corp. corporate presentation:


- SEDAR filings for WestKam Gold Corp.:


- Recent Mining Journal review of WestKam:


WestKam Gold Corp. has ~183.9 million shares outstanding. The Company is fully financed (over subscribed in its last financing) to accomplish all near-term objectives, and shares of WKG.V are poised for upside revaluation as the inherent value and accomplishments are appreciated by the market.


Figure 1. (below) - Key veins discovered to date, inset of underground workings and drill core sample



Work on the property first commenced in 1985 following the discovery of high-grade gold in quartz at surface. 127 diamond drill holes in the 'Discovery Zone' alone, totaling 7,436.6 m, have encountered multiple high-grade drill intersections for gold (e.g. 113.70 g/t over 0.87 m, 142.97 g/T over 1.2 m, 321.22 g/T over 0.56 m, 115.51 g/t over 1.07 m), revealing a series of gold-laden near-surface quartz veins. The high-grade vein zones average two-to-three meters in thickness and appear to be located 12 to 15 meters apart within a larger regional structure. Exploration to date indicates the zones are open to expansion in all directions, and a much larger target zone, located east of the original Discovery Zone, was identified in the 2015 drill program.


Bulk Sampling


#1) Averaged 26.5 g/T Gold -- In 1994 the Discovery Zone was open pit mined 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 in Trail BC, yielding ~98kg (3,160 oz Au) of gold. The bulk sample was halted as they were deep in the pit and needed to go underground. The shipped ore to the smelter graded 26.5 g/T Au.


Mining MarketWatch Journal notes very encouraging observation from past operator at the time of the first bulk sampling in 1994; the material which appeared waste at first, as visibly not part of the main vein, when tested was running ~7 g/T gold (historic, predates NI43-101) for the ~100 m section they needed to chew through to get to the high-grade vein. That material was left behind and only the higher-grading hot-spot vein material was transported (thus the 26.5 g/T Gold average yield), however this observation makes the next bulk sample, setting-up for this 2016, extremely exciting as it is these large swaths of stockwork material running full of stringers found in between the main quartz veins that will determine what may become the next big mine in B.C.


#2) Averaged 16.28 g/T Gold -- 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%.


Fig. 2. (above) Entrance to portal box cut and ramp road ready to go for bulk sampling.

#3) The current 10,000t Bulk Sampling


WKG.V has a green light to go and unfold the story without diluting the share structure.


This Q2-2016, WestKam received an underground Bulk Sample Permit from the BC Ministry of Energy and Mines, allowing for the extraction of 10,000 tonnes of ore from the Bonaparte Project. The permitted design of the Bulk Sample program includes extension of the existing decline approximately 245m through to the Grey Jay / Crow vein system.


WKG.V already has the portal collared and is underground ~100 m, running at ~15% decline, and from that 100 m point WKG.V will be drifting another ~245 m of development, cross-sectioning all the veins on the property, going through the ore body and seeing how the whole picture looks, and transporting high-grade vein material to the mill. As these are the same veins, there is no reason not to expect grades similar in nature to what was encountered on the first two bulk samples, and we expect WKG.V to come out well ahead financially once completed (the 1994 bulk sample yielded over 3,000 oz gold and was only 3,700 tonnes, this bulk sample should be 10,000 tonnes). There is at least one known blow-out/jewelry box section in the Crow/Grey Jay vein that WKG.V will exploit along the way, and all the other veins have never been mined. By placing vent raises (ventilation shafts to surface) through high-grade vein structures and areas full of stringers, like the Nutcracker vein, the Company will maximize yield.


As exciting are the riches of this bulk sample, the more important and lucrative prospect for shareholders will be the development the bulk sample provides and story that unfolds that can shed light on the bigger picture and prove up the prospect of this becoming the next big mine in BC, attracting major area stakeholders/potential suitors and popping the share price. The bulk sample should pay for the development and leave extra money to take the project to another level.


The Company is aggressively moving forward;



Figure 3. (above) - Two boom jumbo procured to make quick work of underground development


Figure 4. (above) - Facilities


Figure 5. (above) - Upgraded Security


The property is ready, and the Company has received clearance from the British Columbia Ministry of Energy and Mines to proceed. Road and ramps are built, containment for fuel is up to code, upgraded bunkhouse is in place, entrance to portal cleaned up, dewatering is complete, security is upgraded, equipment is in place, and the engineer report has been done. WKG.V should be advancing the decline underground for the beginning of this August, and is currently in talks with Kinross Gold Corporation regarding a milling facility for processing material.


Discovery Zone Cu-Au Porphyry Target Extended - The known 'Discovery Zone' area appears to be only the tip of the iceberg. IP, magnetic, and geochemical surveys have revealed a cornucopia of attractive drill targets and affirm the findings of a BCGS report that indicates the property has potential for large copper-gold porphyry.



Figure 6. (above) - Annotated map showing select IP and magnetic geophysical survey anomalies.

Volterra 3D IP and ground magnetic surveys have substantially extended the strike length of the high-grade Discovery gold zone trend. The extent of the zone's chargeability and resistivity anomalies has now been traced 1.2 kms from the Discovery Zone to the south-southeast, and the zone remains open. Several parallel features of similar chargeability and resistivity signatures have also been identified. Additionally, southwest of the Discovery Zone is a large magnetic anomaly comprised of extreme highs and lows with coincident IP chargeability responses under a younger basalt cap. These results suggested potential for a multi-phase intrusive.


The New 'Cooler Creek' Zone



Figure 7. (above) - Annotated map showing select magnetic geophysical survey anomalies superimposed on an outline of the geochemical trend. The Cooler Creek Canyon has an area of resistivity and chargeability anomalies and also contains part of the 2km long Cu-Au-Mo geochemical trend


A seven-hole, 583.22 metre, drill program carried out in the fall of 2015, discovered a new vein ~450 metres east of the Crow/Grey Jay/Owl veins of the Discovery Zone. This new vein discovery at 'Cooler Creek' from DDH-15-05 (see November 16, 2015 News Release "Assaying 0.253 oz/t Gold, 38.4 g/t Silver, 0.33% Copper and 28.6 g/t Tellurium, over 1.0 meter") lies 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. WKG.V has plans to drill and expand upon this new discovery vein.


WKG.V shareholders are in for an exciting second half of 2016 as the development from the 10,000t bulk sampling of the Discovery Zone is likely to bring insight and discovery that has the potential to catapult the Company's share price.


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Recent (August 2, 2016) news from WestKam Gold Corp.:


WestKam Submits Bulk Sample Material to Kinross


VANCOUVER, BRITISH COLUMBIA--(Marketwired - August 2, 2016) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") announced today that the Company is in talks with Kinross Gold Corporation regarding a milling facility for processing material from the bulk sample program at WestKam's Bonaparte Gold Project near Kamloops, British Columbia. WestKam has submitted several kilograms of ore grade material for metallurgical test work at Kinross' Kettle River mill facility in Washington State.

 "This represents a key step in furthering the project," said Matt Wayrynen, WestKam's President and CEO. "Kinross has visited the site for evaluation, and we are working with them to submit additional samples. Also, our site commissioning is nearing completion, and we expect to initiate advancement of the decline in the coming days."

Recent progress at Bonaparte has included a number of safety initiatives, working in conjunction with the Mines Inspector and Ministry of Energy and Mines, as well as mapping and other preparatory work.

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


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.



John Ulmer
Investor Relations

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