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Gold Explorer Posts Lucrative Drill Results for 3 Holes at Newly Discovered High-Grade Zone
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Westhaven Gold reported it continues to find high-grade gold intercepts at the Franz Zone of its Shovelnose Gold property in British Columbia.

In a news release, gold-focused exploration company Westhaven Gold Corp. (WHN:TSX.V) announced "additional high-grade gold drill intercepts from its ongoing drill program at its 17,623-hectare Shovelnose gold property." The Shovelnose property is contained within the Spences Bridge Gold Belt and is located approximately 30 km south of Merritt, British Columbia.

The firm featured data from three drill holes from Section F1400 in the Franz Zone and pointed out the newly discovered Franz Zone is located about 2.8 km along strike from the South Zone's high-grade gold discovery. More than half of this strike length has not been drill tested.

The company indicated that the first drill hole, SN20-108, recorded 34.08 meters of 2.07 g/t gold and 16.50 g/t silver from a depth of 37.09-71.17 meters. These results included two higher-grade segments of 13.10 meters of 4.86 g/t Au and 31.57 g/t Ag and 2.54 meters of 16.88 g/t Au and 99.28 g/t Ag.

The firm also reported that hole SN20-107 registered 7.50 meters of 1.93 g/t Au and 23.60 g/t Ag from a depth of 24.50-32.00 meters, which included 4.00 meters of 3.15 g/t Au and 31.80 g/t Ag.

The third hole highlighted in the release was hole SN20-02, which returned assays of 3.35 meters of 5.04 g/t Au and 24.02 g/t Ag at a depth of 51.10-54.45 meters that included a high-grade segment of 1.80 meters of 8.06 g/t Au and 34.47 g/t Ag.

Westhaven Gold's President and CEO Gareth Thomas remarked, "We continue to intersect high-grade gold near surface at the newly discovered Franz Zone. These drill intercepts are along strike to the northwest of hole SN20-101, which assayed 7.78m of 14.84 g/t gold. Drilling continues to expand the size and continuity of the newly discovered Franz Zone. Gold mineralization has been traced for ~3.8km of strike length and remains open along strike. Given the property's excellent location just off the highway, close to the city of Merritt, and with proximity to infrastructure, we can work the Shovelnose property year-round."

The company's Exploration Manager Peter Fischl stated, "Drill step-outs along strike have continued to intersect significant gold mineralization at the Franz Vein Zone. The shallow nature of this mineralization with minimal overburden cover is assisting greatly in the exploration of this recently discovered gold-bearing vein zone. Data from a recently completed mapping and prospecting program in the Franz Zone area will be integrated with the drilling here to advance this project further."


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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