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News Update


Explorer Restarts Drilling at Spences Bridge Gold Belt Property
News Update

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Westhaven Gold reported it has resumed drilling operations at its Shovelnose property in British Columbia.

Three New Zones Discovered in 2020 and South Zone

In a news release, Westhaven Gold Corp. (WHN:TSX.V) reported that it has resumed drilling at its Shovelnose gold property, which is located 30 km south of Merritt, British Columbia. The firm noted that the Shovelnose property covers 17,623 hectares and lies within the prospective Spences Bridge Gold Belt.

Westhaven Gold advised that drilling has already begun and that the focus of the first hole being drilled is centered around the extension of the gold-silver mineralization encountered at the newly discovered FMN Zone. The company pointed out that the FMN Zone was the third major new zone it discovered in 2020. Drill results at FMN returned intercepts of 19.85 m of 2.62 g/t Au and 139.75 g/t Ag, that included 5.50 m of 4.58 g/t Au and 267.35 g/t Ag. The firm highlighted that within the 5.50 meter sub-segment assay results measured 0.58m of 581 g/t Ag, which represents the third highest recorded silver intercept drilled to date on this property.

The company indicated it also plans to perform additional drill work at the Franz Zone with the objective of extending the strike, noting that in September 2020, Franz drill results returned 7.78 m of 14.84 g/t Au.

Westhaven added that it will deploy a second drill rig in Q1/21 to perform step-out and infill drilling at the South Zone and will continue its regional exploration program taking into account the work completed in 2020 and in prior years. The regional ongoing exploratory program calls for prospecting, mapping, stream and soil sampling, and drilling.

The firm advised that assay results for 19 holes drilled in 2020 are still pending and said that it will release the data once it has been received and interpreted by the company.

The company's President and CEO Gareth Thomas stated, "The goal at the beginning of 2020 was to step outside of the South Zone and discover additional mineralized zones. Our exploration and operations team was successful in achieving that goal with the discovery of 3 new zones of high-grade gold and silver mineralization. All 3 of these zones remain open and will be the focus of initial drilling in 2021."


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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