Westhaven Gold (TSX-V: WHN)
Announced that the Company has filed an independent Technical Report prepared in accordance with National Instrument 43-101supporting the Preliminary Economic Assessment (PEA) at its 17,623-hectare Shovelnose Gold Property, lcated in BC, Canada.
|TSX.v : WHN
|C$55 m @ 42 cents
|British Columbia, Canada
Westhaven Gold Corp. Files Technical Report For The Shovelnose Gold Project
Vancouver, B.C. – August 31st, 2023 – Westhaven Gold Corp. (TSX-V:WHN) announces that the Company has filed an independent Technical Report prepared in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects supporting the Preliminary Economic Assessment (PEA) at its 17,623-hectare Shovelnose Gold Property, as reported in the Company’s news release dated July 18th, 2023 (Link:July 18, 2023 News Release).
Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway approximately 30 kilometres south of Merritt, B.C.
The PEA is considered by P&E Mining Consultants Inc. to meet the requirements as defined in Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.
This PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be classified as Mineral Reserves, and there is no certainty that the PEA will be realized.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no guarantee that Westhaven Gold Corp. will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise, for the project to be placed into production.
The PEA has an effective date of July 18th, 2023, and the report is dated August 31st, 2023.
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