Westhaven Ventures Inc.
(
TSX-V:WHN) is pleased to announce drill results
from its winter drill program at its 17,623 hectare Shovelnose gold
property. Shovelnose is located within the prospective Spences
Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30
kilometres south of Merritt, British Columbia.
The Company completed 12 of approximately 60 planned drill holes
for a total of 5,777 metres this winter drill program at
Shovelnose.
Highlights of the winter program include:
- Intercepted the highest-grade gold outside of the South
Zone.
- Extended Vein Zones 2 and 3 up to 230 metres and they remain
open to the northwest.
- Hole SN20-56 (Lear Zone – Vein Zone 2) returned 3.46
metres (m) of 2.27 g/t gold (Au) and
7.20 g/t silver (Ag), including:
0.71m of 6.98 g/t Au and
16.50 g/t Ag.
- Hole SN20-56 (Lear Zone – Vein Zone 3) returned
10.56m of 3.67 g/t Au and
10.40 g/t Ag, including: 3.13m of
7.20 g/t Au and 27.30 g/t Ag, and
including: 0.79m of 15.85 g/t Au
and 61.30 g/t Ag.
Gareth Thomas, President and CEO of Westhaven,
stated: “The 2020 winter drill program hit high-grade gold-silver
mineralization on a new target outside of the South Zone. The drill
intercepts in the Lear Zone (formerly the North Extension) increase
the strike length of the second and third vein zones. Prior
drilling to the west/northwest of the Lear Zone, including the
Alpine Zone, has demonstrated a significant gold endowment (SN16-02
which intersected 0.50 metres of 16.70 g/t gold, and SN16-07 which
intersected 123.00 metres of 0.23 g/t gold). We have yet to
identify the source of this gold but upon resumption of drilling we
will immediately follow-up on the Lear Zone discovery, as well as
drill test many additional high-priority exploration targets across
this largely unexplored property.” Thomas goes on to add,
“Westhaven continues to prioritize safety and can report that we
have no cases of the COVID-19 virus to date. We continue to closely
monitor the situation and have implemented virus related safety
protocols. We are currently preparing to resume the fully financed
drilling activities in mid-May.”
Peter Fischl, Exploration Manager, stated:
“Drilling resumed on Shovelnose in early 2020 with the testing of
various geophysical targets proximal to the South Zone. This work
was successful in discovering mineralized strike extensions for two
zones of quartz veining previously drilled at South Zone. Vein
Zones 2 and 3 have been extended to the northwest, towards the
Alpine Zone, a previously defined geophysical target. Gold
mineralization is strongest in the shallower portions of the two
vein zones at the northwestern limit of drilling. Both zones remain
open to the northwest and will be tested further along strike. This
high-priority target will be the initial focus when drilling
resumes later this Spring.”
Lear Zone (formerly North
Extension):
A prominent north trending magnetic low with
coincident resistivity high anomaly was tested northwest of the
South Zone, where four holes (SN20-53, 55, 56, 58) were drilled
totaling 1,853m. These holes encountered the northwest continuation
of Vein Zones 2 and 3 and remain open to the northwest. Zone 2 has
been extended to a total strike length of 530m while Zone 3 has
been extended to a total of 400m. The zones continue into the
Alpine Target, a historic chargeability and resistivity anomaly
hosted in rhyolite tuff that was last drilled in 2016. Significant
gold values were encountered in both vein zones in the most
northwestern and shallowest hole, SN20-56, which returned
2.27 g/t Au over 3.46m (including
6.98 g/t Au over 0.71m) in Vein
Zone 2 and 3.67 g/t Au over
10.56m (including 15.85 g/t Au
over 0.79m and 11.15 g/t Au over
1.26m) in Vein Zone 3. Follow-up drilling will
commence here to test the shallower portions of both vein zones
along strike to the northwest.
Othello (formerly Southeast
Extension):
Four holes (SN20-50, 51, 57, 59) totaling 1,985m
tested the southeastward continuation of Zone 1. These holes were
drilled on two sections spaced 100m apart, extending the vein zone
by 200m to a total strike-length of 1.5 kilometres. They
encountered two vein zones ~ 40m wide of quartz+/-adularia veinlets
hosted in fault-bounded blocks of rhyolite tuff, andesite and minor
rhyolite. Where mineralized, these vein zones feature high silver
to gold ratios suggesting deeper depths of formation below the
horizon of boiling and dominant gold precipitation.
Iago (formerly Target A):
Three holes (SN20-52, 54,61) totaling 1,300m
were drilled along a north-northwest trending magnetic low and
coincident resistivity high on three sections spaced 200m apart
over a total strike length of 400m. The area tested is centered on
a 200m long north-northwest trending ridge of resistant rhyolite
tuff. Mapping here in 2019 uncovered localized veining and
brecciation healed by dark chalcedony. Drilling encountered
localized silica-healed hydrothermal breccias and localized quartz
veinlet zones in rhyolite, before bottoming in a stock of
monzo-diorite to syeno-diorite. The intrusion appears to core the
resistivity high indicated on resistivity profiles.
Veining/brecciation in drill core and on surface may be related to
the emplacement of this intrusive body. The nature of this
veining/brecciation here may be due to the proximity of the
intrusive, which may be the heat source for the more distal South
Zone to the northwest. The higher temperature environment proximal
to the intrusion may preclude the formation of gold-bearing
epithermal mineralization, however this knowledge serves as a guide
towards targets more distal to this potential heat source.
Jessica:
One-hole totaling 639m was drilled within South
Zone at the Jessica target. Hole SN20-60 tested the shallower
portions of a coincident linear magnetic low–resistivity high that
suggested the presence of a possible splay extending due south, off
Vein Zone 1. This hole continued to greater depths below hole
SN19-22 to test the nature of veining down-dip from that
encountered in hole SN19-22. A broad 150m wide zone of
quartz/chalcedony +/- adularia/kspar veining was intersected in
rhyolitic tuff and underlying andesite. The presence of silver and
base metal sulphides (chalcopyrite) indicates a deeper level and
composition of mineralization here.
*Based on the geology of the vein zones with
steep dips to the west, true widths are estimated to be about
80-90% of reported interval lengths. Please see the plan map
below.
DRILL HOLES SN20-50 to SN20-61 |
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
SN20-50 |
NO SIGNIFICANT ASSAYS |
SN20-51 |
357.63 |
365.13 |
7.50 |
0.08 |
50.29 |
|
369.80 |
373.00 |
3.20 |
0.16 |
67.72 |
|
540.00 |
541.42 |
1.42 |
0.40 |
300.00 |
SN20-52 |
NO SIGNIFICANT ASSAYS |
SN20-53 |
87.00 |
88.00 |
1.00 |
4.78 |
2.96 |
|
101.00 |
106.00 |
5.00 |
1.10 |
8.23 |
Incl |
101.00 |
102.00 |
1.00 |
3.46 |
23.10 |
|
138.00 |
160.00 |
22.00 |
0.43 |
1.27 |
Incl |
138.00 |
139.00 |
1.00 |
1.90 |
2.54 |
|
187.00 |
189.00 |
2.00 |
1.12 |
2.78 |
|
297.00 |
314.00 |
17.00 |
0.45 |
2.20 |
Incl |
297.00 |
298.00 |
1.00 |
2.16 |
10.25 |
Incl |
311.77 |
311.95 |
0.18 |
3.77 |
29.10 |
|
340.04 |
344.19 |
4.15 |
0.76 |
1.44 |
SN20-54 |
NO SIGNIFICANT ASSAYS |
SN20-55 |
93.00 |
120.00 |
27.00 |
0.27 |
1.07 |
|
133.00 |
167.00 |
34.00 |
0.25 |
1.00 |
|
266.00 |
299.00 |
33.00 |
0.55 |
1.56 |
Incl |
283.00 |
299.00 |
16.00 |
0.53 |
1.89 |
Incl |
283.00 |
288.00 |
5.00 |
0.98 |
2.10 |
SN20-56 |
72.65 |
76.11 |
3.46 |
2.27 |
7.20 |
Incl |
74.29 |
75.00 |
0.71 |
6.98 |
16.50 |
|
184.00 |
194.56 |
10.56 |
3.67 |
10.41 |
Incl |
185.52 |
188.65 |
3.13 |
7.20 |
27.34 |
Incl |
185.52 |
186.31 |
0.79 |
15.85 |
61.30 |
Incl |
187.97 |
188.65 |
0.68 |
13.20 |
48.60 |
Incl |
193.30 |
194.56 |
1.26 |
11.15 |
12.75 |
SN20-57 |
NO SIGNIFICANT ASSAYS |
SN20-58 |
113.00 |
128.00 |
15.00 |
0.39 |
1.82 |
|
210.00 |
218.00 |
8.00 |
1.07 |
1.84 |
|
237.00 |
246.00 |
9.00 |
0.22 |
1.02 |
SN20-59 |
230.00 |
233.00 |
3.00 |
0.33 |
0.41 |
SN20-60 |
427.00 |
428.51 |
1.51 |
0.51 |
141.09 |
SN20-61 |
NO SIGNIFICANT ASSAYS |
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.
QA/QC
Core samples were prepared using the PREP-31
package in ALS’s Kamloops facility each core sample is crushed to
better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10)
screen. A split of 250 g is taken and pulverized to better than 85
% passing a 75 micron (Tyler 200 mesh, US Std. No. 200) screen.
0.75g of this pulverized split is digested by Four Acid and
analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a
49-element suite of elements. All samples are analyzed by Fire
Assay with an AES finish, method code Au-ICP21 (30g sample size).
Additional Au screening is performed using ALS’s Au-SCR24 method,
select samples are dry screened to 100 micron. A duplicate 50g fire
assay is conducted on the undersized fraction as well as an assay
on the entire oversize fraction. Total Au content, individual
assays and weight fractions are reported. All analytical and assay
procedures are conducted in ALS’s North Vancouver facility. A QA/QC
program included laboratory and field standards inserted every 25
samples. At least one field blank is inserted in every batch of 25
samples, with additional blanks inserted following samples with
visible gold.
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/8482e3e3-f4c8-451d-8046-7627b14312bf
https://www.globenewswire.com/NewsRoom/AttachmentNg/2d4ee8c4-7797-4e58-a320-17df86ca22bf
https://www.globenewswire.com/NewsRoom/AttachmentNg/18d66027-77b4-4804-9483-e2fc3632cea9
https://www.globenewswire.com/NewsRoom/AttachmentNg/5f733101-bad2-4635-99d3-f6b79a05a633
https://www.globenewswire.com/NewsRoom/AttachmentNg/9bcd40a0-cbee-4c7b-af18-c32dbd8ef7a9
https://www.globenewswire.com/NewsRoom/AttachmentNg/040cbb17-1cda-4c73-acf9-92559c740073
https://www.globenewswire.com/NewsRoom/AttachmentNg/36fe69a4-4b81-4cd0-ad80-dea48d3e6f5c
https://www.globenewswire.com/NewsRoom/AttachmentNg/0e455084-b302-436a-b8c1-79be949394dd
https://www.globenewswire.com/NewsRoom/AttachmentNg/d2e6ed0a-569a-4708-935f-aca9c8047120
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