Ontario's Gowest Gold Signs Sale Agreement with China's Humon Smelting

Ontario-Based Gowest Gold Ltd. has signed an agreement to sell gold concentrate produced from its wholly-owned Bradshaw gold deposit, which is part of the Timmins gold camp, to Shandong Humon Smelting of China. Gowest, which received a US$3-million advance, expects to send its first concentrate shipment to Humon's smelter in the second quarter of this year. Under the agreement, Gowest has until June 30, 2019 to repay the funds in the form of gold concentrate, cash, or, at Gowest's option, shares in the company (subject to TSX Venture Exchange approval).

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