22:07:56 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Westhaven Gold Corp
Symbol WHN
Shares Issued 140,586,345
Close 2024-01-31 C$ 0.195
Market Cap C$ 27,414,337
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Westhaven Gold receives 650-hole Shovelnose permit

2024-02-01 13:05 ET - News Release

Mr. Gareth Thomas reports

WESTHAVEN RECEIVES 650 DRILL HOLE PERMIT AT ITS SHOVELNOSE GOLD PROPERTY; OUTLINES PRIORITY DRILL TARGETS FOR 2024

Westhaven Gold Corp. has received its 650-drill-hole permit on its 100-per-cent-owned, 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, B.C.

Gareth Thomas, president and chief executive officer, states: "Receiving this five-year, 650-drill-hole permit is a major milestone for Westhaven. This gives us further opportunity to test the true scale and potential of the Shovelnose project. We are thankful for the ongoing support of the local communities and stakeholders. We look forward to continued engagement and growing the working relationships within the Nlaka'pamux traditional territory as we move the Shovelnose project forward." Mr. Thomas goes on to add: "In 2023, our technical team identified several new gold mineralized areas of interest. We are prioritizing these targets with intent to drill them in the near term."

MYAB (multiyear area-based) permit:

  • Five-year permit;
  • 650 surface drill sites;
  • Trenching/bulk sampling;
  • Geophysical surveys;
  • Exploration access construction;
  • Approved activities must be conducted as outlined in the description of work program.

Priority target areas:

  • Additional drilling in and around multiple high-grade gold intersections (MIK, vein zones in FMN-Tower-MIK area, vein zone 4 at FMN);
  • Following up on previously intersected gold at HydBx-02, Line 6, Lear;
  • Drill test unexplained elevated gold in single isolated core holes;
  • Drill gold anomalies in surface rock samples from outcropping quartz occurrences between Line 6 and MIK;
  • Drilling in vicinity of anomalous pathfinder trends in past drill holes (Franz NW and Romeo);
  • Drill testing zones of extensive silicification.

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 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.

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