Financing plan being considered by Gowest

Pending a successful refinancing of Gowest Amalgamated Resources, the company is considering additional drilling on its Denton Twp., Ont., gold prospect, west of Timmins. A 5,000-ft program is considered a minimum amount for the property, the company says.

In the Casa Berardi area, in northwestern Quebec, the company has completed an airborne geophysical survey of its 28-claim property. Two drill targets have been identified.

In Vezza Twp., Que., a 25% interest held by the company in 133 claims has been sold to Cane Corp. for cash, stock and a production royalty.