Westhaven Drills 7.78 Metres of 14.84 g/t GOLD and 39.40 g/t Silver at the Newly Discovered Franz Zone at Shovelnose
September 24 2020 - 9:10AM
Westhaven Gold
Corp. (TSX-V:WHN) is pleased to
announce drill results from its first hole at the newly discovered
Franz Zone, part of the 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.
Highlights from SN20-101
(Franz Zone)
- (18.36 – 26.14m):
7.78 metres (m)
of 14.84 g/t gold
(Au) and 39.40 g/t silver
(Ag).
- (41.12 – 57.44m):
16.32m
of 2.37 g/t Au
and 31.15
g/t Ag.
- The newly discovered Franz Zone is
located approximately 2.8 kilometres along strike from the
high-grade gold discovery at the South Zone; over half of this
strike length has not been drill tested.
Gareth Thomas, President & CEO of Westhaven
Gold stated: “Our goal at the start of this year was to find
additional high-grade gold zones at Shovelnose. The Franz Zone
outcrop was discovered in mid-August and grab samples returned
assays of up to 51.10 g/t gold. This drilling confirms that
high-grade gold exists at depth and not just on surface. Though we
only have the assays back for one hole, we are seeing similar
veining and textures in other drill holes at Franz. We will release
assays from holes as they are received. It is important to
highlight that this 17,000-hectare property is still largely
underexplored. We are confident we will find additional high-grade
gold zones as mapping, prospecting, geophysics and drilling
continues.”
Peter Fischl, Exploration Manager for Westhaven
Gold, adds: “These drill results confirm the presence of high-grade
gold mineralization encountered in surface grab samples collected
on the Franz Zone. The zone is currently being tested with one
drill. Eight holes have been completed on four sections spaced 50m
apart. The zone has been intersected in all holes, giving a
drill-tested strike length of 150m. The Franz Zone appears to be
part of a single northwest trending multi-kilometre scale gold
bearing vein system that includes the more recently drilled South
Zone and the historic Mik and Tower showings. This vein system will
continue to be the focus of much of the exploration effort at the
Shovelnose Gold Project.”
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.
On behalf of the Board of DirectorsWESTHAVEN
GOLD CORP."Gareth Thomas"Gareth
Thomas, President, CEO & Director
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.
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.westhavengold.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f73bd0b1-57e4-4b2a-8ef5-cd542c690b09
https://www.globenewswire.com/NewsRoom/AttachmentNg/21acd044-3bad-42cb-aadc-b88aed48dfc2
https://www.globenewswire.com/NewsRoom/AttachmentNg/147e1211-390a-4fa1-a1f6-c27e65846359
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