Westhaven Adds Second Drill Rig at Shovelnose Gold Property
June 01 2020 - 8:00AM
Westhaven Ventures Inc.
(
TSX-V:WHN) is pleased to announce it has added a
second drill rig 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.
2020 Drill Program
- The 2nd drill rig is set up at the Line 6 target ~2.5
kilometers west of the South Zone discovery area as the focus of
this program is to test new drill targets. The other drill rig is
expanding on the recently encountered high-grade gold in the Lear
Zone as previously announced on May, 19th, 2020.
- The ongoing 30,000 metre (m) drill program has resumed along
with the commencement of a Controlled Source Audio-frequency
Magneto-Tellurics (CSAMT) survey. The survey will cover a 3 x
5-kilometre area proximal to the South Zone to refine the higher
priority targets and generate new targets.
Gareth Thomas, President & CEO of Westhaven
stated: “The Shovelnose gold property has over 11 regional
exploration targets defined outside of the South Zone high-grade
discovery area. The recently discovered high-grade gold in a new
area (Lear Zone) is also a current area of focus for expansion
drilling. The recently announced bought deal financing allows the
Company to not only expand drilling at the Lear Zone but also have
flexibility to further explore and drill test the additional
regional targets and generate new targets with the recently
announced CSAMT survey currently underway.”
Line 6
The Line 6 showing is characterized by a
prominent multi-element soil geochemical anomaly (Au, Ag, Cu, As,
Ba, Zn, Mn, Mo) with a strong potassic high radiometric
signature, proximal to a magnetic low. Historic trenching and
drilling returned elevated gold and silver values, including
2m of 16.95 g/t Au in trench L608-XT-01. The previous drilling
of three short holes up to 95m in length has not adequately
tested this showing. Three additional holes totalling
1500m will be drilled to further test this showing.
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.
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.
On behalf of the Board of Directors WESTHAVEN VENTURES
INC. "Gareth Thomas" Gareth Thomas, President, CEO &
Director
About Westhaven:
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 100% owned gold properties spread along this underexplored
belt. The Shovelnose property is situated off a major highway, in
close proximity to power, rail, large producing mines, and within
commuting distance from the city of Merritt, which translates into
low cost exploration. Westhaven is committed to the highest
standards of environmental and social responsibility with a focus
on generating positive outcomes and returns to all stakeholders.
Westhaven trades on the TSX Venture Exchange under the ticker
symbol WHN. For further information, please call 604-336-6921 or
visit Westhaven’s website at www.westhavenventures.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4621a8ef-d42b-49e5-9918-c6b60455d27b
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