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Westhaven Ventures Inc
Symbol WHN
Shares Issued 79,296,473
Close 2018-10-29 C$ 0.84
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Westhaven begins airborne survey at Shovelnose

2018-10-30 14:13 ET - News Release

Mr. Gareth Thomas reports


An airborne geophysical survey has commenced at Westhaven Ventures Inc.'s 15,542-hectare Shovelnose gold property, located within the prospective Spences Bridge gold belt (SBGB), approximately 30 kilometres south of Merritt, B.C.

Westhaven has engaged Precision GeoSurveys Inc. of Langley, B.C., to fly a helicopter-borne high-resolution aeromagnetic survey over the entire 15,542-hectare property. The survey block will be flown in a systematic low-level grid pattern at 75-metre line spacings, covering a total of 2,376 line kilometres. The purpose of this program is to increase property coverage and to help uncover favourable structures. It is important to determine structural controls that may be associated with additional zones of gold-silver mineralized veins. Please see maps available at the company's website.

Shovelnose gold property overview

There is evidence of a significant mineralized alteration system within the property. Recent drilling intersected 17.77 metres of 24.50 grams per tonne Au, including 6.78 metres of 50.76 g/t Au. For further information on the Shovelnose gold property, please visit the company's website.

The Spences Bridge Gold Belt (SBGB)

Westhaven owns a 100-per-cent-interest in four properties covering over 35,000 hectares within the prospective SBGB, which is situated within a geological setting like those which host other significant epithermal gold-silver systems. It is close to major transportation routes and infrastructure allowing for cost-effective exploration. The SBGB is a 110-kilometre northwest-trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge Group. Sable Resources and Westhaven have a combined control of 86 per cent of the SBGB (225,000 hectares). Any ground staked by Sable within five kilometres of Westhaven's existing projects will be subject to a 2.5-per-cent net smelter royalty. In addition, Westhaven has a 30-day right of first refusal (ROFR) for a three-year period for any properties within this five-kilometre radius.

Westhaven Ventures is a Canadian-based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose, Prospect Valley, Skoonka and Skoonka North gold projects in British Columbia.

Qualified person statement

Peter Fischl, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this release.

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