Gowest Gold secures exploration millions.

Gowest Gold has signed a letter of intent with Pandion Mine Finance worth $17.6 million to finance exploration at its Timmins-area gold project.

Pandion, based in New York, provides financing solutions for developing mining companies.

According to a non-binding letter of intent, the money would help Gowest undertake exploration at its Bradshaw gold deposit, which has an NI 43-101 indicated resource estimated at 2.1 million tonnes, grading 422,000 ounces gold, and an inferred resource of 3.6 million tonnes grading 6.47 grams per tonne gold, containing 755,000 ounces...