Westhaven Ventures Inc.
(
TSX-V:WHN) is pleased to announce that it has
identified numerous high-priority drill targets at its 17,623
hectare Shovelnose gold property, and has added a second drill rig.
Shovelnose is located within the prospective Spences Bridge Gold
Belt (SBGB), which borders the Coquihalla Highway 30 kilometres
south of Merritt, British Columbia.
Gareth Thomas, President and CEO of Westhaven,
stated: "In 2019 we completed property scale airborne geophysics,
327-line kilometres of ground magnetic surveys, DC Resistivity,
collected over 5,500 soil samples along with property scale mapping
and prospecting. We have defined numerous targets that we believe
can host similar style mineralization to the South Zone.”
High-Priority Targets for 2020:
Target A:
Located within one kilometre of the South Zone discovery.
Outcrops here host chalcedony veins and breccias and associated
strong clay-silica alteration, rock samples have returned anomalous
values of silver and other pathfinder elements (arsenic, barium,
and zinc). This target is situated at the margin of an
interpreted caldera structure along a dominant north south magnetic
low feature.
NE (North Extension):
Located within 500 metres north of the South Zone’s Vein 3.
Ground magnetic and resistivity geophysical signature
interpretations indicate epithermal fluid alteration. Orientation
of the geophysical anomaly suggests this area could be a fault
splay off the South Zone discovery area. Magnetic lows with
corresponding resistivity highs indicate the presence of alteration
driven by silica-rich hydrothermal fluids. Drill hole SN18-13
located in the vicinity of this target crosscut fault related
hydrothermal alteration at the top of the hole and returned
anomalous values of epithermal indicator elements.
SE Zeolite:
Located 1.5 kilometres towards the southeast along the South
Zone mineralized structural trend. This target is identified by the
presence of zeolite veining/brecciation and a coincident
multi-element soil geochemical anomaly (gold, silver, antimony,
mercury, arsenic, molybdenum). Zeolite can form above epithermal
deposits in low temperature near surface environments. Field
mapping and regional interpretations suggest this target is
situated higher in the stratigraphic column compared to South
Zone. The combination of anomalous geochemistry, it’s
position along the South Zone mineralizing trend and location
higher in the stratigraphic column with the presence of zeolite
possibly indicates the presence of buried epithermal systems at
depth. Furthermore, rock samples within this area returned
anomalous silver, gold, and zinc values associated with quartz
veining and hydrothermal breccia vein textures.
12-05:
Located 1.2 kilometres towards the north-northwest of the South
Zone. This target is identified by a multi-element soil geochemical
anomaly (gold, silver, antimony, arsenic, molybdenum, mercury) and
rock samples from here also returned anomalies values of silver.
Additionally, a geophysical magnetic-low features trends from South
Zone towards this target.
FMN:
Located 1.2 kilomteres towards the northwest along the South
Zone mineralized structural trend. This target is identified by a
multi-element soil geochemical anomaly (gold, silver, arsenic,
antimony, molybdenum), and rock samples also returned anomalies
values of silver. Geophysical surveys in this area indicate an
epithermal signature by the presence of overlapping magnetic-low
and potassic-high anomalies. Potassium is a common constituent in
hydrothermal fluids in epithermal deposits in the form of
adularia.
MIK:
Located 850 metres west-northwest of the South Zone. This target
is identified by overlapping multi-element geochemical (gold,
silver, copper, selenium, antimony, arsenic) and geophysical
(magnetic-low and potassic-high) anomalies. Historical rock
sampling, trenching and shallow drilling intercepted anomalous gold
and silver values but did not fully test the geochemical and
geophysical anomalies.
Line 6:
Located 2.3 kilometres west of the South Zone. This target is
identified by a large (900m x 700m) multi-element soil geochemical
anomaly (gold, silver, copper, arsenic, barium, zinc, magnesium,
molybdenum) as well as strong potassic and magnetic low geophysical
signatures. Line 6 is similar to MIK Zone but has a larger areal
footprint. Historical rock sampling, trenching and shallow drilling
intercepted anomalous gold and silver values but did not fully test
the geochemical and geophysical anomalies.
Brookmere:
Located 3.1 kilometres west-southwest from the South Zone. This
target is identified by areas of epithermal silicification and
locally associated magnetic low anomalies. Rock samples from this
area returned anomalous gold, silver and selenium epithermal
indicator values. The presence of strong clay alteration and
abundant silica flooding suggests this area is high level and there
is potential for a buried epithermal target.
NW Brookmere:
Located 500 metres northwest of the Brookmere target. This area
is identified by a broad soil multi-element geochemical anomaly
(gold, silver, copper, arsenic, antimony, molybdenum, mercury,
barium, zinc) and overlapping magnetic-low geophysical signatures.
Additionally, rock samples in the area returned anomalous silver
values. This target area is situated lower than Brookmere and is
likely associated with the hydrothermal fluids observed higher in
the stratigraphy.
EZ Zone:
Located 4 kilometres northeast of the South Zone discovery. This
target is identified by a large breccia body 150 m wide x 1,500 m
long. The EZ breccia strikes northwest-southeast, sub-parallel to
the South Zone. North of the mapped breccia body, additional
epithermal indicators were mapped and include quartz-pyrite and
chalcedony veining. Over lapping and proximal to the breccia body
is a broad soil geochemical anomaly (gold, silver, copper, arsenic,
antimony, selenium, molybdenum, mercury, and barium) further
supporting evidence of a buried epithermal system.
Qualified Person Statement
Peter Fischl, P.Geo., who is a Qualified Person within the
context of National Instrument 43-101 has read and takes
responsibility for this release.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
On behalf of the Board of Directors WESTHAVEN VENTURES
INC. "Gareth Thomas" Gareth Thomas, President, CEO &
Director
About Westhaven:
Westhaven is a gold-focused exploration company
advancing the high-grade discovery on the Shovelnose project in
Canada’s newest gold district, the Spences Bridge Gold Belt.
Westhaven controls 37,000 hectares (370 square kilometres) with
four 100% owned gold properties spread along this underexplored
belt. The Shovelnose property is situated off a major highway, in
close proximity to power, rail, large producing mines, and within
commuting distance from the city of Merritt, which translates into
low cost exploration. Westhaven is committed to the highest
standards of environmental and social responsibility with a focus
on generating positive outcomes and returns to all stakeholders.
Westhaven trades on the TSX Venture Exchange under the ticker
symbol WHN. For further information, please call 604-336-6921 or
visit Westhaven’s website at www.westhavenventures.com
Maps accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7b406e72-5642-4259-87b0-b43aa50e80f8
https://www.globenewswire.com/NewsRoom/AttachmentNg/5fc2ad8c-99bd-487a-8611-d0116f00d4ef
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