Westhaven Provides Exploration Update
20 August 2020 - 11:15PM
Westhaven Gold Corp. (TSX-V:WHN) is pleased to
provide an exploration update 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.
Gareth Thomas, President & CEO of Westhaven
stated: “The goal for the 2020 drill program is to find new gold
vein zones outside of the high-grade South Zone discovery. Our team
discovered a brand-new quartz outcrop (Franz Zone) of white to
gray, opaque, colloform-banded chalcedony veins hosted in rhyolite,
one kilometre northwest of the FMN target. If the Franz Zone is in
fact the extension of Vein Zone 1, we will have extended the strike
length of Vein Zone 1 to 3.7 kilometres. This is important
because the bigger the vein system we are dealing with, the greater
the potential to host significant gold mineralization. As is
typical with epithermal gold deposits, like Kupol and Hishikari,
these large vein systems can host high-grade sections of gold
mineralization as we have already demonstrated at the South Zone.
This Franz outcrop is the most significant surface vein occurrence
we have seen on Shovelnose and is being prioritized for drilling.”
Thomas goes on to add, “Our technical team has done a great job
vectoring in on new target areas both through drilling and
prospecting. Near bedrock surface zones of anomalous gold at Alpine
and Line 6 targets lead us to believe we are narrowing into a
high-grade feeder zone.”
Exploration Highlights:
- SN20-86 (New vein zone at the MIK target) intersected 47 metres
of strongly quartz-veined and brecciated dacite, 1.35 kilometres
from South Zone discovery holes. Please see pictures below. Assays
demonstrated anomalous gold and pathfinder elements indicating that
a more productive horizon likely exists above this intercept.
- Recent drilling and a re-interpretation of historic drilling at
Tower has confirmed the northwestward continuation of Vein Zone 2
through the Tower target. The zone has now been traced
northwestward from South Zone for a total strike-length of 1.3
kilometres. It remains open and will be tested to the northwest,
together with Vein Zone 1, at the FMN target.
- Discovered new near surface anomalous gold at Alpine and Line 6
targets.
- Discovered a brand-new 80 x 20 metre quartz outcrop (Franz
Zone) of white to gray, opaque, colloform-banded chalcedony veins
hosted in rhyolite one kilometre northwest of the FMN target.
Please see pictures below.
- Hole SN20-73: Near bedrock surface anomalous zone of gold at
Alpine (41.07-77.25m, Vein Zone 2) returned 36.18 metres
(m) of 0.64 g/t gold (Au) and 3.17 g/t silver (Ag), including:
0.32m of 17.45 g/t Au and 61.50 g/t Ag.
- Hole SN20-73 (Alpine - 137.26-143.26m) returned 6.00m
of 0.89 g/t Au and 4.6 g/t Ag.
- Hole SN20-76: Near surface anomalous zone of gold at Line 6
(7.90-29.00m) returned 21.10m of 0.53 g/t Au and 0.93 g/t
Ag.
- The 3rd drill rig is on the Shylock target ~1.5 kilometres
southeast of the South Zone discovery as the focus of this program
is to test new drill targets. A drill is currently testing the MIK
target while another is drilling north of the Lear Target.
Peter Fischl, Exploration Manager of Westhaven
stated: “Drilling through the mid-summer has extended the strike
length of the three vein zones originally defined in drilling at
South Zone and previously intersected in historic drilling to the
northwest at the MIK and Tower showings. Vein Zone 3 has now
been traced in recent drilling over a strike length of 650 metres.
It remains open to the northwest. Vein Zone 2 has been traced
northwest towards the Tower showing, an area of veining exposed in
outcrop and intersected in shallow drilling that is identical to
the veining seen in recent drilling at Vein Zone 2 to the southeast
(Holes SN20-72, -73, -77). A recent review of historic
drilling at Tower dating back to 2011 has confirmed that the Tower
showing represents the surficial expression of Vein Zone 2, giving
the zone a strike length of 1.3 kilometres. It remains open to the
northwest, and appears to continue towards the FMN target, a
northwest trending soil geochemistry anomaly (As, Mo, Sb) of 500
metres in length lying northwest of the Tower showing. Recent
drilling at the MIK showing (Holes SN20-86, -88) coupled with
a reinterpretation of historic deeper drilling at MIK and Tower
dating back to 2012 has confirmed that Vein Zone 1 now continues
through this area for a total strike length of 2.2
kilometres. Follow-up drilling at MIK will target shallower
portions of the vein system based on the pathfinder suite of
elements encountered in hole SN20-86. Vein Zone 1 remains open to
the northwest and appears to continue to the FMN target. The
newly discovered Franz quartz vein showing lies on strike another 1
kilometre to the northwest of the FMN target, suggesting the
possibility that the vein system continues further to the
northwest.”
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/05acc4c6-1692-45dd-98d2-eaf8ebc2d292
https://www.globenewswire.com/NewsRoom/AttachmentNg/64395dfd-204e-4804-b139-1c3216894dc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/1dda5a3f-584a-4f78-a111-69ff2a7d6e96
https://www.globenewswire.com/NewsRoom/AttachmentNg/fdb228e2-97d2-4f27-9e33-4f9acc7768f4
https://www.globenewswire.com/NewsRoom/AttachmentNg/01cccf2b-71eb-4967-8d86-f835045ac52b
https://www.globenewswire.com/NewsRoom/AttachmentNg/d5c35cac-d0b4-4de2-8e4b-1b0f5a55047d
https://www.globenewswire.com/NewsRoom/AttachmentNg/51682be0-4096-498e-a113-41bd07cb4d83
https://www.globenewswire.com/NewsRoom/AttachmentNg/64b94928-4f55-431d-a95a-b5a3b79856d5
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