NEW: No-Cost Streetwise Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: WHN

Newly Found Zone at BC Project Returns Assays as High as 51.1 g/t Gold
News Update

Share on Stocktwits

Source:

"This is the most significant mineralized zone discovered on surface at Shovelnose," Westhaven Gold reported.

Westhaven Gold Corp. (WHN:TSX.V) announced in a news release that grab samples, taken from the Franz vein zone it discovered last week at its Shovelnose project in British Columbia's Spences Bridge Gold Belt, returned significant gold and silver assays.

The highlights are from samples V074705 and V074706, which were extracted from a 5 meter (5m) span of east to west-oriented outcrop. Respectively, the returned assays were 51.1 grams per ton (51.1 g/t) gold and 165 g/t silver, and 4.19 g/t gold and 52.50 g/t silver. Float sample V074708 showed 34.9 g/t gold and 120 g/t silver.

"The newly discovered Franz vein zone is located approximately ~2.8 kilometres from the high-grade gold discovery at the South Zone. This demonstrates we are dealing with a large and robust mineralized system and it is not just limited to the South Zone," Gareth Thomas, president and CEO of Westhaven Gold stated. "The Franz Zone was discovered just over a week ago, so we donít yet know the extent, but this is the most significant mineralized zone discovered on surface at Shovelnose."

The company noted that Franz "outcrops at an elevation of 1,285 meters and confirms the productive, dominantly rhyolite hosted gold-silver bearing horizon at South zone is also preserved here." As such, that Franz outcrop may be the northwest continuation of Vein zone 1. If it is, it extends the zone's strike length to 3.7 km.

To confirm continuity, Vancouver-headquartered Westhaven plans to soon conduct additional drilling at Franz.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Westhaven. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.




Learn More about Streetwise Reports Live

Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe