Westhaven Gold Corp. (TSX.V: WHN)
Announced drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property.
The highlight was 15.97 m of 9.15 g/t Au, and 27.43 g/t Ag at the FM Zone.
|Westhaven Gold||TSX.v : WHN|
|Market cap||C$81 m @ 64 cents|
|Location||British Columbia, Canada|
Westhaven Hits High-Grade Gold At Multiple Zones At Shovelnose: 15.97 Metres Of 9.15 G/T Gold And 27.43 G/T Silver At FMN Zone And 79.00 Metres Of 2.73 G/T Gold And 15.78 G/T Silver At South Zone
May 12, 2021
Vancouver, B.C. – May 12th, 2021 – Westhaven Gold Corp. (TSX.V: WHN) is pleased to announce drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
- SN21-161(FMN: 220.32-236.29m)15.97mof9.15 g/t Auand27.43 g/t Ag, including6.13mof11.07 g/t Auand34.26 g/t Ag, and2.49mof28.56 g/t Auand79.12 g/t Ag.
- SNR21-02(South Zone: 167.00-246.00m)79.00 metres (m)of2.73 g/t gold (Au)and15.78 g/t silver (Ag),including12.44mof6.35 g/t Auand3.38 g/t Ag.
- SN21-158(FMN: 93.22-150.90m)57.68mof0.68 g/t Auand11.19 g/t Ag, including3.46mof9.46 g/t Auand151.82 g/t Ag, including0.90m of 31.70 g/t Auand529.00 g/t Ag.
- SN21-160(South Zone: 275.09-311.40m)36.31mof0.72 g/t Auand2.52 g/t Ag, including6.53m of 2.23 g/t Auand4.59 g/t Ag.
Westhaven Gold Management Comments
“With this significant high-grade gold-silver drill intercept at the FMN Zone, our theory that more high-grade centres occur along this major NW-SE structure has proven correct.
Hole SN21-161 (15.97m of 9.15 g/t Au and 27.43 g/t Ag) is approximately 700m away from the Franz Zone discovery drill hole SN20-101 (7.78m of 14.84 g/t Au and 40.68 g/t Ag). Our Exploration Manager, Peter Fischl talked about a “kink” in the structure and its importance for potential mineralization along key structures exhibiting strike-slip movement.
Our team is gaining a better understanding of the structural controls on the Shovelnose Property which is important as we focus the majority of the fully funded 2021 drilling on exploration targets on this large and underexplored property.
In addition, drilling in the South Zone, which is geared towards the completion of an inaugural maiden resource estimate by years-end, continues to intersect significant widths of high-grade gold-silver mineralization and demonstrate continuity of veins (SNR21-02: 79.00m of 2.73 g/t gold and 15.78 g/t silver).”
Gareth Thomas, President & CEO of Westhaven Gold
“Drilling this Spring at Shovelnose continues to show the potential of the FMN target. Vein Zone 1 continues to be traced to the northwest where it appears to be deflecting slightly northward, outlining a slight “kink” of about 20o off the main structure.
This “kink” in Vein Zone 1 is helping focus stronger dilation along this structure where significant strike-slip movement has likely occurred. Previous drilling southeast of FMN at South Zone had encountered stronger veining in rhyolite, suggesting some lithological control on gold mineralization. Hole SN21-161 intersected Vein Zone 1 in a thick section of andesite, suggesting it is not lithology, but deflections in the structure that are ultimately controlling stronger gold mineralization.
Significant quartz veining continues to be encountered northwest of hole SN21-161, as seen in hole SN21-162, a hundred-metre step-out to the northwest (assays pending). A second vein zone was encountered deeper in a number of holes drilled at FMN.
This zone is now designated as “Vein Zone 4”. It has been traced along a northwest strike for 350 metres, consisting of 2 to 10% cm-scale quartz veinlets over widths of up to 90m, locally with quartz breccia veins of up to 1m wide. The shallower portions of this zone will be targeted to follow-up on the elevated gold assays returned in the deeper portions of this zone.”
Peter Fischl, Exploration Manager
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