Westhaven Samples 51.10 g/t Gold, 165.00 g/t Silver at the Newly Discovered Franz Zone at its Shovelnose Gold Property
August 26 2020 - 8:15AM
Westhaven Gold Corp. (TSX-V:WHN) is pleased to
provide grab sample assay results from its newly discovered Franz
Zone 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.
Grab Samples from Franz:
SAMPLE |
Weight (Kg) |
Au (g/t) |
Ag (g/t) |
Outcrop/Float |
V074702 |
7.65 |
0.34 |
33.40 |
Outcrop |
V074703 |
7.69 |
1.47 |
10.80 |
Float |
V074704 |
6.21 |
0.52 |
3.88 |
Outcrop |
V074705 |
2.29 |
51.10 |
165.00 |
Outcrop |
V074706 |
2.30 |
4.19 |
52.50 |
Outcrop |
V074707 |
3.92 |
0.04 |
0.65 |
Outcrop |
V074708 |
1.25 |
34.90 |
120.00 |
Float |
V074709 |
6.19 |
0.05 |
1.23 |
Outcrop |
V074710 |
3.56 |
1.53 |
14.75 |
Outcrop |
*Please see pictures/map below.
Gareth Thomas, President & CEO of Westhaven
Gold stated: “The newly discovered Franz vein zone is located
approximately ~2.8 kilometres from the high-grade gold discovery at
the South Zone. This demonstrates we are dealing with a large and
robust mineralized system and it is not just limited to the South
Zone. The Franz Zone was discovered just over a week ago, so we
don’t yet know the extent, but this is the most significant
mineralized zone discovered on surface at Shovelnose.”
Peter Fischl, Exploration Manager for Westhaven
Gold adds: ”Grab sampling of outcrop and float over a 50 metre by
up to 12 metre area oriented east-west over the Franz vein zone, an
80x20 metre outcrop of quartz veined rhyolite oriented at 110/290o
azimuth, returned significant gold and silver assays.
Most notably are the two western most outcrop grab samples (see map
below), which returned 4.19 g/t gold and 51.1 g/t gold. These
two grab samples occur over an east-west distance of five
metres. The Franz vein zone outcrops at an elevation of 1285
metres, and confirms the productive, dominantly rhyolite hosted
gold-silver bearing horizon at South Zone is also preserved here.
This outcrop, may represent the northwestward continuation of Vein
Zone 1, suggesting a total strike length of at least 3.7 kilometres
for the zone. Drilling will be required to confirm this
strike continuity. Drilling will commence at Franz shortly.”
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.
On behalf of the Board of Directors WESTHAVEN 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.
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.
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.westhavengold.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d1b1a7f0-9432-44df-a1d5-c8010a9b626c
https://www.globenewswire.com/NewsRoom/AttachmentNg/528921e4-3427-49a0-b824-e8be1506dcc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/fc985732-b7b5-4f02-bb9e-7d3baa6c392d
https://www.globenewswire.com/NewsRoom/AttachmentNg/8b971611-d211-4a93-b0b3-c0c81edd2fad
https://www.globenewswire.com/NewsRoom/AttachmentNg/18740608-3f6f-416c-a05c-ef3e6a0652a6
Westhaven Gold (TSXV:WHN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Westhaven Gold (TSXV:WHN)
Historical Stock Chart
From Apr 2023 to Apr 2024