Westhaven Gold Corp. (TSX-V:WHN) reports final
drill results from its 2020 drill campaign from 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.
Highlights:
- SN20-145 (FMN):
5.99 metres (m) of 2.36 g/t gold
(Au) and 98.42 g/t silver (Ag).Including:
1.19m of 11.25 g/t Au and
430.00 g/t Ag.
- SN20-127 (Franz):
0.58m of 6.05 g/t Au and
148.00 g/t Ag.
- Continued intersection of veining
at FMN and Franz Zones confirms the vectoring towards stronger
mineralization.
- Fully funded for 2021 Exploration
Program.
Gareth Thomas, President & CEO of Westhaven
Gold, states: “Drilling at the FMN Zone has encountered more
significant veining. It appears this zone strengthens as drilling
continues along strike testing the present 600m gap between the FMN
and Franz zones. The current drilling at the FMN Zone is expanding
on the narrow but high-grade gold and silver intercepts first
drilled in late 2020. In addition, the first two holes completed in
the South Zone (SN21-152 and SN21-154) on the southwestern edge of
the previous drilling has intersected Vein Zone 1 down dip by an
additional 140m from previous drilling (Please see section below).
This demonstrates that there is significant potential to increase
the size of the South Zone vein system through exploration
drilling. This bodes well for the Company as we move towards
completing a maiden resource estimate for the South Zone in
2021.”
Peter Fischl, Exploration Manager of Westhaven,
adds: “Drilling at Shovelnose in the latter part of 2020 has been
primarily focused on testing vein continuity along the 4km strike
length of Vein Zone 1, the most significant mineralized structure
defined to date on the Shovelnose Gold Project. This program has
extended the known vein system northwest into the gap between the
FMN and Franz targets and has confirmed the vein system remains
open to the northwest at Franz. Vein Zone 1 will continue to be the
focus for the coming year, including step out and infill drilling
at South Zone. Other targets tested last year, such as the Romeo
target, where drilling encountered significant gold pathfinders,
remain to be tested further. Prospecting and mapping in 2020 has
also drawn attention to several targets within 2km southwest of
Vein Zone 1, proximal to the Brookmere showing.”
Table of Recent Results:
Hole ID |
Target |
From (m) |
To (m) |
Int (m) |
Au (g/t) |
Ag (g/t) |
High Au (ppb) |
|
SN20-127 |
|
Franz |
99.54 |
|
103.64 |
|
3.64 |
|
1.24 |
|
33.45 |
|
6050 |
|
|
including |
|
|
100.50 |
|
101.08 |
|
0.58 |
|
6.05 |
|
148.00 |
|
6050 |
|
|
SN20-131 |
|
Franz |
288.72 |
|
289.41 |
|
0.69 |
|
1.24 |
|
27.24 |
|
2520 |
|
|
SN20-132 |
|
FMN |
147.39 |
|
149.40 |
|
2.01 |
|
0.64 |
|
3.56 |
|
1140 |
|
|
SN20-135 |
|
Franz |
86.14 |
|
89.39 |
|
3.25 |
|
0.31 |
|
9.72 |
|
600 |
|
|
SN20-144 |
|
Franz |
172.00 |
|
175.00 |
|
3.00 |
|
1.32 |
|
25.14 |
|
2890 |
|
|
SN20-145 |
|
FMN |
224.05 |
|
230.04 |
|
5.99 |
|
2.36 |
|
98.42 |
|
11250 |
|
|
including |
|
|
227.81 |
|
229.00 |
|
1.19 |
|
11.25 |
|
430.00 |
|
11250 |
|
|
SN20-147 |
|
FMN |
166.55 |
|
199.00 |
|
32.45 |
|
0.41 |
|
9.86 |
|
2490 |
|
|
including |
|
|
175.70 |
|
176.95 |
|
1.25 |
|
0.93 |
|
4.56 |
|
942 |
|
|
including |
|
|
180.95 |
|
189.60 |
|
8.65 |
|
0.94 |
|
24.10 |
|
2490 |
|
|
and |
|
|
252.90 |
|
255.00 |
|
2.10 |
|
1.56 |
|
12.15 |
|
1555 |
|
|
SN20-148 |
|
FMN |
281.38 |
|
298.36 |
|
16.38 |
|
0.14 |
|
16.56 |
|
512 |
|
*8 of 19 assays reported in the above table. All
assays updated and reported in the below link*
Please click the following link to the 2020
drill database table of assay
results:https://www.westhavengold.com/projects/shovelnose-gold/maps/
FMN:
Holes SN20-130, 139, 145, 147 and 148 define an
area of quartz veining in Zone 1 that is mineralized with gold and
silver over a 200-metre strike length that appears to be rising to
the northwest, as seen in hole 147. The drilling from late 2020 now
indicates that Zone 1 at FMN has the potential to host gold bearing
quartz veining at shallower depths. Such mineralization will be
targeted in this year’s drilling.
Franz:
Drilling in 2020 has traced the Franz Zone
continuously to the northwest over a strike-length of 650m despite
the presence of cross-faults. Vein Zone 1 at Franz remains open to
the northwest where a northeast trending normal fault has down
dropped and preserved the upper most portion of the vein zone. Hole
SN20-124 here intersected a 4.7m wide carbonate rich vein assaying
up to 1.51 g/t Au (over 0.62m). This is interpreted to represent
the upper most reaches of an epithermal vein system that will be
tested down-dip and further along strike to the northwest in the
coming weeks.
2021 South Zone Step Out
Drilling:
Drilling to date at the South Zone has defined
three gold-bearing zones of quartz veining, Vein Zones 1 to 3. A
diamond drill is currently focused in the South Zone as the Company
moves towards completing a maiden resource for this zone in
2021.
Two step out drill holes have been completed on
section 1050 to test for the existence of Vein Zone 1 downdip from
previous intercepts, including holes SN19-26 which
intercepted 15.46m of 4.80
g/t Au and 61.21 g/t
Ag and from SN19-01 which intercepted
12.66m of 39.31 g/t
Au and 133.11 g/t
Ag. (See plan map and section below). Drillholes
SN21-152 and SN21-154 were drilled from the same drill pad located
~55m southwest along section 1050 from hole SN19-26.
SN21-152 intersected Vein Zone 1 from 283m to
307m down-hole that is comprised of sections of banded quartz,
adularia, and ginguro including a 3.6-metre quartz breccia vein
containing adularia and ginguro. A veinlet section continues from
307m to 348m. Drillhole SN21-154 was drilled at a -60 from the same
pad and intercepted Vein Zone 1 from 280m downhole to 387m
inclusive of banded quartz-adularia-ginguro bearing veins up to
1.4m wide along core axis. A veinlet zone continues from 387m to
425m downhole including banded pale grey quartz veins and
adularia.
Romeo:
Two holes were drilled at Romeo this past year
(SN20-133, SN20-140). Both holes encountered significant gold
pathfinders (arsenic, antimony, mercury), hosted in mudflow
breccias, andesites and epiclastic sediments. Such pathfinders were
previously detected at surface in rock and soil samples collected
at Romeo. They indicate the potential for a gold-bearing structure
to occur in the Romeo target area.
On behalf of the Board of
DirectorsWESTHAVEN 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.
QA/QC
Core samples were prepared using the PREP-31
package in ALS’s Kamloops facility each core sample is crushed to
better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10)
screen. A split of 250 g is taken and pulverized to better than 85%
passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g
of this pulverized split is digested by Four Acid and analyzed via
ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element
suite of elements. All samples are analyzed by Fire Assay with an
AES finish, method code Au-ICP21 (30g sample size). Additional Au
screening is performed using ALS’s Au-SCR24 method, select samples
are dry screened to 100 microns. A duplicate 50g fire assay is
conducted on the undersized fraction as well as an assay on the
entire oversize fraction. Total Au content, individual assays and
weight fractions are reported. All analytical and assay procedures
are conducted in ALS’s North Vancouver facility. A QA/QC program
included laboratory and field standards inserted every 25 samples.
At least one field blank is inserted in every batch of 25 samples,
with additional blanks inserted following samples with visible
gold.
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.
About Westhaven Gold Corp.
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, near
power, rail, large producing mines, and within commuting distance
from the city of Merritt, which translates into low-cost
exploration.
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.
To view the accompanying "ALL
ZONES" image, please
visit:https://www.globenewswire.com/NewsRoom/AttachmentNg/5bdaceac-c150-4652-bfd8-cf9df542b7dc
To view the accompanying "FMN
AND FRANZ ZONES" image, please
visit:https://www.globenewswire.com/NewsRoom/AttachmentNg/4ff4ce39-7cf8-44e8-ab63-39ff13474fba
To view the accompanying
"CURRENT SOUTH ZONE STEP OUT DRILLING" image,
please
visit:https://www.globenewswire.com/NewsRoom/AttachmentNg/98eb7311-40d0-4814-826d-0731a92b7e43
To view the accompanying
"SOUTH ZONE CROSS-SECTION" image, please
visit:https://www.globenewswire.com/NewsRoom/AttachmentNg/f438e243-0b0b-46aa-9e4c-5338c0772339
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