Gowest announced today that it has entered into a Letter of Intent with Valard for the financing, design, procurement and construction of a high-voltage electrical infrastructure to connect its 100% owned Bradshaw Gold Deposit to the provincial power transmission grid. The parties have agreed to work towards formalizing an agreement in early 2017.
Valard will focus on providing the appropriate technical assessment for the project; lead the application process to solicit required regulatory approvals; provide up-front funding for the project; and, design and construct the Transmission Facilities.
Greg Romain, President and CEO said, "This evolving partnership with Valard represents another step towards the development of Bradshaw into the next new gold mine in Timmins."
Adam Budzinski, commented, "We are very pleased to be partnering in the development of Gowest's project, which is significant not only for both of our companies but also for the community of Timmins, which has benefited from and supported mining in the region for more than a century."
Full release available here: