TM Editors Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

When I look at prospective companies to invest in, one important trait that I seek is consistency. I look for consistent improvement in the company’s financial statements, consistent innovation or deployment of best practices, and most importantly in the junior mining sector; I look for consistency in reaching the targets the company sets for itself across functional areas. Working largely with speculative resources, junior mining companies need to implement a level of stability to their operation by setting targets and timelines and reaching them within reasonable margins of error. WestKam Gold Corp. has achieved this stability through its diverse property resources and commitment to reaching operational goals.

WestKam Gold Corp. (TSX.V:WKG)(ERRCF) (“WestKam” or the “Company”) is a Canadian gold exploration company focused on developing the 100% owned Bonaparte Gold Project Near Kamloops, British Columbia. A veteran of the industry, the Company was incorporated in British Columbia on October 2, 1984 as Consolidated Goldwin Ventures Inc. Effectively on April 30, 2012 the Company changed its name to WestKam Gold Corp., which coincided with a significant change in management and direction. The Company’s strategy is to identify, acquire, explore and develop precious and base metal deposits amenable to low production costs and high operating margins, focusing on properties with low entry level costs. WestKam has delivered consistent progress since its managerial change, implementing a successful exploration program, a drill campaign and identifying additional resources outside of its initial discovery zone. This has been achieved while maintaining effective relations with nearby First Nations tribe Stk’emlupsemc te Secwepemc Nation.

Announced in November of 2015, WestKam intends to raise up to $1,954,000 by way of a non-brokered private placement of units (the “Offering”) and flow-through units of the Company at a price of $0.03 per unit. The proceeds of the Offering will be used to conduct a Phase II work program on the Company’s Bonaparte property, to repay outstanding debt and for working capital and general corporate purposes. Phase II expenses will primarily be directed toward an expansive underground 220m drill program on the Bonaparte property along with legal and accounting costs, marketing, rent and office costs, consulting fees and management fees.

Print Friendly, PDF & Email