Westhaven Commences Ground Geophysics at Prospect Valley Gold Property
October 13 2020 - 8:00AM
Westhaven Gold Corp. (TSX-V:WHN) is pleased to
announce that it has commenced a ground geophysics program on its
10,927 hectare Prospect Valley
gold property, located within the prospective Spences Bridge Gold
Belt (SBGB), approximately 25 km west of Merritt, British Columbia.
2020 Prospect Valley
Ground Geophysics Program:
Westhaven has engaged Scott Geophysics Limited
of Vancouver, B.C. to conduct a 244-line kilometre ground magnetic
survey at its Prospect Valley gold property. The purpose of this
ground geophysics program is to extend coverage to the south of the
Discovery Zone and better define potential structural trends. The
survey will cover a 3 x 4-kilometre area known as the
Bonanza Target, where 43.34 g/t gold in quartz
vein float was first discovered in 2001. The data from this
magnetic survey will be used to assist in diamond drill
targeting.
Past
Drilling Highlights at Prospect
Valley:
- DDH–2006–21 returned
45.70 metres (m) of
1.57g/t gold (Au) including
4.60m grading 4.38g/t
Au and 8.90m grading
2.03g/t Au.
- DDH–2007–05 returned
6.71m of 3.62 g/t Au including
1.33m grading 12.20 g/t
Au.
- DDH-2007-01 returned
61.40m of 0.70g/t
Au.
- DDH-2007-02 returned
32.20m of 1.40g/t
Au.
- PV16-04 returned
95.80m of
0.70 g/t Au starting at bedrock surface including,
38.00m of
1.36 g/t Au and
15.00m of
2.23 g/t Au.
Prospect Valley Gold Property
Overview
The property consists of 21 contiguous, road
accessible mineral claims that collectively encompass approximately
10,927 hectares. The first reported gold-bearing
epithermal mineralization was discovered during 2001-2002 when, at
what has become known as the Bonanza
Target, numerous occurrences of mineralized quartz
vein and breccia float were found over a two square kilometre area
straddling “Bonanza Creek”, upstream from a 150 ppb Au-in-silt
anomaly reported in 1994 from an earlier government Regional
Geochemical Survey. The best sample ran 43.34 g/t
gold, but the source(s) for all of the
vein float occurrences in this area remains to be determined under
extensive and locally thick overburden cover.
The Bonanza Target, Discovery Zones and
Northeast Extension areas are aligned along a north-northeast trend
and are hypothesized to be related to a multi-kilometre scale fault
system extending across the property.
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 DirectorsWESTHAVEN
GOLD CORP."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.westhavengold.com
A map accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/028d8771-991d-47dd-bc35-8895cf796b28
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