Westhaven Drills 34.00 Metres of 1.21 G/T Gold, Including 1.00 Metre of 15.70 G/T Gold Extending Strike at Lear Zone; Mobiliz...
July 09 2020 - 9:00AM
Westhaven Gold Corp. (
TSX-V:WHN)
is pleased to announce additional assay results from its ongoing
30,000 metre drill program. The Company has also added a third
drill rig at its 17,623-hectare Shovelnose gold property to test
several additional targets outside of the high-grade South Zone.
Shovelnose is located within the prospective Spences Bridge Gold
Belt (SBGB), which borders the Coquihalla Highway 30 kilometres
south of Merritt, British Columbia.
Ongoing 30,000 Metre Drill
Program
- Hole SN20-65 (Lear Zone – Vein Zone 3) returned 34.00
metres (m) of 1.21 g/t gold (Au) and 3.68 g/t silver (Ag),
including: 1.00m of 15.70 g/t Au and 77.50
g/t Ag within 200m of surface.
- Hole SN20-62 (Lear Zone – Vein Zone 3) returned 20.12m
of 0.90 g/t Au and 2.17 g/t Ag, including: 0.45m
of 8.7 g/t Au and 36.30 g/t Ag and 6.00m of 2.01
g/t Au and 2.85 g/t Ag.
- Hole SN20-64 (Lear Zone – Vein Zone 2) returned 6.00m
of 1.57 g/t Au and 4.30 g/t Ag, including: 2.00m
of 3.84 g/t Au and 6.85 g/t Ag within 110m of
surface.
- The 3rd drill rig is planned to be set up at Shylock target
~1.5 kilometres southeast of the South Zone discovery as the focus
of this program is to test new drill targets. A drill is currently
testing the Line 6 target with the 2nd drill testing along strike
north of the Lear Zone.
- The ongoing 30,000 metre drill program continues with data
being analyzed from the recently announced Controlled Source
Audio-frequency Magneto-Tellurics (CSAMT) survey. The survey covers
a 3 x 5-kilometre area encompassing the South Zone to refine the
higher priority targets and generate new targets.
Gareth Thomas, President & CEO of Westhaven
stated: “We are encouraged with the first assay results since
recommencing drilling at Shovelnose. These results build confidence
in the continuity of gold mineralization between the South Zone and
the high-grade gold intersected at the Lear Zone (SN20-56: 3.13m of
7.20 g/t Au). Preliminary results from the ongoing CSAMT geophysics
survey have identified multiple anomalies that share similar
geophysical characteristics to the South Zone. As our exploration
efforts continue to expand the number of regional targets outside
of the South Zone high-grade gold discovery area, the Company is
mobilizing a 3rd drill rig to begin drilling on July 15th.”
Lear Zone
Holes SN20-62 and SN20-63 were drilled to the
northeast (azimuth: 060 deg) on section 1500 as step-outs to hole
SN20-56. These holes confirmed the northwestern continuation
of stronger gold mineralization encountered in Vein Zone 3 in hole
SN20-56. Hole SN20-62 extended this stronger mineralization
by 70 metres to the northwest. Zone 3 remains open up-dip
from hole SN20-62.
Holes SN20-64 and SN20-65 were drilled on
section 1350 to test for higher grade veining above the weakly
mineralized roots of Vein Zone 3 intersected previously in holes
SN20-53 and SN20-55. Hole SN20-65 confirmed the presence of
higher grade gold mineralization in the shallower portions of Vein
Zone 3. This highlights the potential for stronger
mineralization to occur up-dip from previously drilled weaker
intersections in Vein Zone 3.
Alpine Zone
Drilling has continued northwest of South Zone,
through the Lear and now the Alpine target areas. Historic IP
surveys at Alpine have defined north-northwest trending resistivity
and chargeability highs that appear to be closely aligned with Vein
Zone 2. Magnetic surveys have defined several subparallel
northwest trending magnetic lows over the northern Alpine area that
appear to suggest a northwest trend of the two vein zones.
Drilling has confirmed the continuation of Vein Zones 2 and 3
northwest into the Alpine target area but with a divergence of the
two vein zones. Zone 2 is deflecting west-northwest and Zone 3
continues north-northwest. Drilling has continued northwest into
the Alpine target area, stepping out along the vein zones.
*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.
DRILL HOLES SN20-62 to SN20-65 |
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
SN20-62 |
196.88 |
217.00 |
20.12 |
0.90 |
2.17 |
Incl |
196.88 |
197.33 |
0.45 |
8.70 |
36.30 |
Incl |
211.00 |
217.00 |
6.00 |
2.01 |
2.85 |
|
255.00 |
261.00 |
6.00 |
1.47 |
3.07 |
SN20-63 |
63.00 |
72.24 |
9.24 |
0.58 |
3.60 |
|
198.35 |
207.00 |
8.65 |
0.22 |
0.69 |
SN20-64 |
133.00 |
139.00 |
6.00 |
1.57 |
4.30 |
Incl |
133.00 |
135.00 |
2.00 |
3.84 |
6.85 |
SN20-65 |
80.70 |
81.37 |
0.67 |
7.19 |
11.35 |
|
219.00 |
253.00 |
34.00 |
1.21 |
3.68 |
Incl |
230.00 |
246.00 |
16.00 |
2.19 |
6.84 |
Incl |
230.00 |
231.00 |
1.00 |
15.70 |
77.50 |
Incl |
245.00 |
246.00 |
1.00 |
10.35 |
4.44 |
Controlled-Source Audio-frequency
Magnetotellurics (CSAMT) survey update
Orientation test lines completed earlier this
summer demonstrated that alteration associated with mineralization
at the South Zone could be detected by the CSAMT technique. A
larger survey planned to cover some 1,500 hectares of the 17,623
hectare Shovelnose Property was announced previously, and field
data collection is continuing. Based on results received to date
(including preliminary 2D inversion profiles), potential analogues
for the South Zone have been identified. The survey area will be
expanded to the north, and a series of infill lines will be
collected to better define specific features of interest, the most
promising of which are planned for drilling later this season.
Please see below for preliminary profiles.
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/bcb13718-1902-45cb-a0ee-52c8968baaf0
https://www.globenewswire.com/NewsRoom/AttachmentNg/fe1784b3-8284-46f4-b268-7a3673b07f94
https://www.globenewswire.com/NewsRoom/AttachmentNg/65f8f9d2-a908-4c04-93ca-e58a33eeb718
https://www.globenewswire.com/NewsRoom/AttachmentNg/de6ed080-a16b-457a-9bf3-2d686e0212a5
https://www.globenewswire.com/NewsRoom/AttachmentNg/23ba8cec-d8ba-43f6-812c-8d533d5209ab
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