Westhaven Gold Corp. (TSX-V:WHN) is pleased to
provide an exploration update on its road accessible,
17,623-hectare Shovelnose gold property, situated within the
prospective Spences Bridge Gold Belt (SBGB), 30 kilometres south of
Merritt, British Columbia.
Following receipt of a 5-year, 650-hole drilling permit,
Westhaven initiated a 4,000m drilling campaign at Shovelnose on
March 20, 2024, focused on evaluating newly defined structural
targets, primarily within and along the highly prospective, 4km
long, Zone One Trend, host to the South Zone resource where a
positive preliminary economic assessment (“PEA”) was announced on
July 18, 2023.
https://www.westhavengold.com/news-and-media/news/news-display/index.php?content_id=339
The ongoing drill campaign is testing seven target areas,
including Line 6 and Hydrothermal BX-02. The aim of this program is
to both extend the zones of known mineralization and test
prospective new targets identified from recent structural analysis
and prospecting efforts.
Highlights from the ongoing Exploration
Program Include:
- Discovery of a
new vein zone at Carmi (HydroBx05) drill target (assays pending),
approximately 1km southwest of the South Zone. Please see map
below.
- Prospecting led
to a notable quartz, bedrock discovery (Certes Showing) ~6
kilometres southeast of known mineralization and could be
southeastern extension of the Zone One Trend. Please see pictures
below. Grab sample assays pending.
- Prospecting has
led to another notable quartz, bedrock discovery (Agate Showing)
~2km to the south of the Zone One Trend where elevated pathfinder
elements suggest these rocks are from the higher levels of an
epithermal system.
- 3 out of 4 drill
holes being reported intersected the targeted vein zones,
intersecting anomalous gold and silver mineralization. The strike
of the MIK zone remains open both to the north and south.
Gareth Thomas, President & CEO, states,
“Testing new structural targets within and outside of the main 4km
Zone One Trend was the first objective to start the 2024
exploration program. The second objective was to continue to focus
our efforts on property wide prospecting, sampling, and mapping to
generate new zones of interest well outside of the main discovery
and resource areas. Both objectives were successfully achieved
through two new quartz-bedrock discoveries 2km and 6km away from
the Zone One Trend, and the drill intersecting vein zones in all
but one hole.”
Prospecting Update
Fraser MacCorquodale, Technical Advisor, states, “In my prior
position, we looked at roughly 300 gold prospects over the last 7
years. The Shovelnose was one of the few that stood out as you have
the earmarking's of a sizable, well mineralized system, including
both wide veins and high grades within a very under explored
district.” Mr. MacCorquodale served as the General Manager of
Exploration at Newcrest Mining Limited ("Newcrest") from 2008 to
2023.
Work undertaken in 2024 is targeting the
southeastern part of the property. Two previously unknown bedrock
occurrences with significant volumes of quartz veining/brecciation
have been discovered so far this season. One of the occurrences
comprises outcrops and float scattered along a geophysical and
topographical inferred structure with a strike length of over 1km
and an apparent width of 100m - prospecting activities are ongoing
in this area of interest. These initial early season new bedrock
discoveries are important because they support gold, silver and
pathfinder anomalies identified in stream, soil, and rock samples,
as well as banded colloform quartz veining in float (up to 0.52 g/t
Au) that could not have come from known mineralization situated
~6km to the northwest. These areas could potentially be the
southeastern extension of the Zone One Trend, or they could
represent different epithermal systems.
Drilling Update
Westhaven is reporting assays for 4 drill holes
from its ongoing drill campaign. The company is currently on the
8th drill hole of the program. Of the 4 holes being reported, 3
successfully intersected the targeted vein zones.
Drillhole SN24-400 intersected
vein zone 1 from 259m to 271m downhole. There were multiple
intervals of anomalous gold mineralization higher in the hole
potentially indicating this vein zone 1 intercept is deeper in the
system. Drillhole SN24-401 intersected two weakly
mineralized zones at the MIK zone target. Future drilling in the
MIK will target this zone along strike. Drillhole
SN24-402 intersected a newly recognized gold
mineralized vein zone, the MIK West zone, from 173.8m to 183.4m
downhole.
The drill is currently at the Carmi Target,
located approximately 1km to the southwest of the South Zone. The
target is coincident with a resistivity anomaly, striking
northwest-southeast, and at least 800m in length. The drill will be
moving to the Line 6 Target once the current hole is complete.
For a table of 2024 drill results please click
here:
https://www.westhavengold.com/_resources/shovelnose/Shovelnose-2024-Drilling-Assay-Summary.pdf
Line 6 Drill Target
The presence of similar styles of mineralization
at Line 6, might suggest the presence of a buried zone of
mineralization similar to the main trend. The historical holes at
Line 6, as they were drilled, would have missed the buried
mineralization if it is similarly oriented to the main trend. The
objective is to test the Line-6 target for a larger underlying
epithermal system, similar to the Zone One Trend.
Line 6 Drill Target
On behalf of the Board of DirectorsWESTHAVEN GOLD
CORP.
"Gareth Thomas”
Gareth Thomas, President, CEO & Director
Qualified Person Statement
Peter Fischl, P.Geo., who is a Qualified Person
within the context of National Instrument 43-101 has read and takes
responsibility for this release.
QA/QC
Core samples were prepared using the PREP-31
package in ALS’s Kamloops facility. Each core sample is crushed to
better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10)
screen. A split of 250 g is taken and pulverized to better than 85
% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen.
0.75g of this pulverized split is digested by Four Acid and
analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a
49-element suite of elements. All samples are analyzed by Fire
Assay with an AES finish, method code Au-ICP21 (30g sample size).
Additional Au screening is performed using ALS’s Au-SCR24 method,
select samples are dry screened to 100 microns. A duplicate 50g
fire assay is conducted on the undersized fraction as well as an
assay on the entire oversize fraction. Total Au content, individual
assays and weight fractions are reported. All analytical and assay
procedures are conducted in ALS’s North Vancouver facility. A QA/QC
program included laboratory and field standards inserted every 25
samples. At least one field blank is inserted in every batch of 25
samples, with additional blanks inserted following samples with
visible gold. Westhaven’s ongoing Quality Assurance and Quality
Control programs include auditing of all exploration data. Any
significant changes will be reported when available.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company
advancing the high-grade discovery on the Shovelnose project in
Canada’s newest gold district, the Spences Bridge Gold Belt.
Westhaven controls 37,000 hectares (370 square kilometres) with
four gold properties spread along this underexplored belt. The
Shovelnose property is situated off a major highway, near power,
rail, large producing mines, and within commuting distance from the
city of Merritt, which translates into low-cost exploration.
Westhaven trades on the TSX Venture Exchange under the ticker
symbol WHN. For further information, please call 604-681-5558 or
visit Westhaven’s website at www.westhavengold.com.
NEW QUARTZ SHOWINGS
QUARTZ GRAB SAMPLES FROM
OUTCROP
CERTES SHOWING
AGATE SHOWING
PLAN MAP OF RECENT DRILLING
Images accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/88fcd01e-0838-4b5d-aaa8-c1df8e9b526b
https://www.globenewswire.com/NewsRoom/AttachmentNg/f3453af9-dd46-4c72-8db0-045b6d2b6a67
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9303027-38f0-4d69-beaa-febfe26b4f5b
https://www.globenewswire.com/NewsRoom/AttachmentNg/9b6d2e79-fc42-4941-a864-458c5f821b08
https://www.globenewswire.com/NewsRoom/AttachmentNg/35ab8629-6ff4-458d-9ed6-b5a5ae5d1cd4
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