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New Drill Results From B.C. Project Bode Well for Imminent Resource Estimate, Stock Rerating

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Westhaven Gold's 2021 exploration and resource drilling at its Shovelnose property resumes after wildfires halted the project temporarily this summer, continues to bear positive results this autumn.

Summer 2021 was hot and fiery in the U.S. and Canadian Pacific Northwest. So much so that Westhaven Gold's Shovelnose gold-silver project in British Columbia was affected as well. Drilling had to be curtailed in mid-August after an evacuation order due to a wildfire but it's now back on track, Westhaven having resumed work in early September.

Ongoing positive drill results out of Shovelnose bode well for a rerating of Westhaven Gold Corp.'s (WHN:TSX.V) stock once the company releases a maiden resource, which is expected in the near term.


"Mineralization further supports potential for a bulk-tonnage resource at Shovelnose's South Zone."     




So far this year, the Vancouver-based, gold-focused explorer completed more than half of its planned 40,000-meter Shovelnose drill campaign. Results are in for 17 holes drilled in the South zone, representing both exploration and resource drilling, and are reported in a news release. (Results of another 16 holes are pending.)

Including intercepts like 265m of 0.49 grams per tonne (0.49 g/t) gold and 1.84 g/t silver, these new results confirm that wide swaths of disseminated gold-silver are present along with the known high-grade gold-silver veins.     

Drilling also confirmed the continuity of vein Zones 1, 2, and 3 and the presence of lower grade mineralization between vein zones 1 and 2. This appears to be a halo that could encompass all three vein zones.

This mineralization further supports potential for a bulk-tonnage resource at Shovelnose's South Zone.

Shovelnose is one of Westhaven's quartet of gold projects, all located along the Spences Bridge Gold Belt, Canada's newest gold district. There, the company controls a large land package of 37,000 hectares containing high-potential targets.

This 110 kilometer-long belt contains mostly unexplored intermediate to felsic volcanic rocks, highly prospective for epithermal-style gold mineralization.

Westhaven's other projects along the belt are Prospect Valley, Skoonka, and Skoonka North.



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.

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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. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Westhaven Gold Corp., a company mentioned in this article.

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