Westhaven Gold Corp. (TSX-V:WHN) is pleased to
announce that drilling has commenced on the 41,634 hectare
Shovelnose gold property, situated within the prospective Spences
Bridge Gold Belt (SBGB), 30 kilometres south of Merritt, British
Columbia.
The winter drill program will be testing three target areas:
Certes 1, Certes 3 and Corral, with approximately 2,500 metres (m)
of drilling in five holes. Certes 1 and 3 are located approximately
8-10 kilometres (kms) southeast of the high-grade South Zone
deposit (see Preliminary Economic Assessment July 18, 2023). A
corridor of mineralization and anomalous pathfinder geochemistry
was expanded southeast by surface sampling and drilling in 2024.
This corridor may represent single west-northwest striking
structure 13.5 kms in length that remains open in all
directions.
Preliminary shallow drilling in 2024 at Certes has uncovered a
well-preserved epithermal system, now confirmed in the pathfinder
geochemistry and TerraSpec (SWIR) analytical work. Certes 3 will be
the initial focus of the program, testing down-dip the arsenic and
gold-bearing carbonate breccias and quartz veins intersected in
hole SN24-425 (e.g. 125ppm arsenic over 9m, 0.69 g/t Au over
1.74m).
Drilling at Certes 1 will test a subvertical resistivity
feature, outlined by the fall 2024 IP survey, immediately north of
hole SN24-420 which saw a transition from high level gold
pathfinders, mercury and antimony in the first 350m (e.g. 0.44ppm
Hg over 119m) to deeper pathfinders such as arsenic in the bottom
40m of the hole. Certes 1 is also proximal to mercury-bearing
sinter cobbles and boulders found on surface, suggesting the
epithermal system is entirely preserved here.
A single hole is also planned at the Corral target, south of
Certes. Corral is thought to represent a west-northwest striking
structure subparallel to Certes in an area of anomalous arsenic in
outcrop. This hole will target a resistivity feature detected in
the same IP survey.
Shovelnose Development
An updated Mineral Resource Estimate and Preliminary Economic
Assessment for the South Zone deposit is expected to be completed
in Q1 2025 and will include the Forget Me Not (FMN) and Franz
Zones, additional discoveries located within the main Vein Zone 1
trend.
On behalf of the Board of DirectorsWESTHAVEN GOLD
CORP."Gareth Thomas”
Gareth Thomas, President, CEO & Director is
responsible for this announcementTelephone number: 604-681-5558
ext. 102
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.
Sampling, Laboratory Analyses and
Quality Assurance/Quality Control (QA/QC)
Most core samples consist of halved drill core
cut by manual sawing. In rare cases, and where required by physical
core conditions, manual splitting may be used. Half of the core is
retained in the original core box for reference samples and any
required future work, including QA/QC. Core samples, controlled by
a unique barcoded reference number, are delivered to ALS’s Kamloops
facility and prepared using the PREP-31 package. Each core sample
is crushed to better than 70% passing a 2mm (Tyler 9 mesh, US Std.
No.10) screen. A split of 250g is taken and pulverized to better
than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200)
screen. Further analytical and assay procedures are conducted in
ALS’s North Vancouver facility. A 0.75g subsample of the pulverized
split is subjected to four acid digestion and analyzed via ICP-MS
(method code ME-MS61m (+Hg)) which reports a suite of 49 elements.
All samples are also analyzed for gold by fire assay with an AES
finish, method code Au-ICP21 (30g sample size). Samples returning
gold values over 10ppm are subjected to ore grade check assays
using fire assay and a gravimetric finish (method code Au-GRA21 and
a 30g sample size). Other overlimit elements may also be subjected
to ore grade analyses which vary depending on the element of
interest. QA/QC includes the laboratory’s internal quality
assurance controls as well as field controls, including the
insertion of quarter core duplicates, certified reference materials
and blanks, each at a rate of roughly one per 20-25 core samples.
Additional blanks are inserted following samples with visible gold
or significant concentrations of ginguro (fine grained bands of
dark gray to black sulphides). QA/QC data are evaluated on receipt
for failures, and appropriate action is taken if results for
duplicates, standards and blanks fall outside allowed tolerances.
Westhaven’s ongoing Quality Assurance and Quality Control programs
are consistent with industry best practices and include auditing of
all exploration data. Any significant changes will be reported when
available.
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.
About Westhaven Gold Corp.
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
61,512 hectares (615 square kilometres) with four gold properties
spread along this underexplored belt. The Shovelnose property is
situated off a major highway, near power, rail, large producing
mines, and within commuting distance from the city of Merritt,
which translates into low-cost exploration. Westhaven trades on the
TSX Venture Exchange under the ticker symbol WHN. For further
information, please call 604-681-5558 or visit Westhaven’s website
at www.westhavengold.com
Forward-Looking Statements
This news release contains "forward-looking
statements" within the meaning of applicable securities
legislation. These forward-looking statements are made as of the
date of this news release and Westhaven does not intend, and does
not assume any obligation, to update these forward-looking
statements, except as required by law. Forward-looking statements
in this news release may include, but are not limited to, the
interpretation of preliminary results from exploration undertaken
to date at Shovelnose using various exploration techniques and
analysis; statements with respect to potential styles of epithermal
mineralization at the Shovelnose Project; the possibility
that the Company’s Shovelnose project may host multiple gold
bearing epithermal systems; and, the potential for an intermediate
sulphidation epithermal signature at the Certes target. In
certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". However, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance, or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Westhaven’s property interests are
in the exploration stages only, are without known bodies of
commercial mineralization and have no ongoing mining
operations. Mineral exploration involves a high degree of
risk and few properties, which are explored, are ultimately
developed into producing mines. Exploration of the Company’s
mineral properties may not result in any discoveries of commercial
bodies of mineralization. If the Company’s efforts do not result in
any discovery of commercial mineralization, the Company will be
forced to look for other exploration projects or cease operation.
Factors that could cause future results to differ materially from
those anticipated in these forward-looking statements include the
risk that the Company will encounter unanticipated geological
factors, risks associated with the interpretation of exploration,
drilling and assay results, the possibility that the Company may
not be able to secure permits and other governmental clearances
necessary to carry out the Company's exploration plans, the risk
that the Company will not be able to raise sufficient funds to
carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere
with the Company's business and prospects. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
Plan Map of Proposed Winter Drilling
A map accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d48db140-e744-4e80-8630-5a6f650a222c
Grafico Azioni Westhaven Gold (TSXV:WHN)
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