Westhaven Drills 5.00 Metres of 13.90 G/t Gold and 105.55 G/t Silver; and 49.08 Metres of 1.45 G/t Gold and 6.25 G/t Silver at Shovelnose

Nachrichtenquelle: globenewswire
06.02.2020, 15:00  |  111   |   |   

VANCOUVER, British Columbia, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Westhaven Ventures Inc. (TSX-V:WHN) is pleased to report final drill results from its 2019 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.

Highlights of the most recent results include:

  • Hole SN19-38 returned 5.00 metres (m) of 13.90 g/t gold (Au) and 105.55 g/t silver (Ag) in Vein Zone 1 at the ~1,100m elevation level.
     
  • Hole SN19-37 returned 49.08 m of 1.45g/t Au and 6.25 g/t Ag, including 15.00 m of 3.26 g/t Au and 11.64 g/t Ag, and also including 3.58 m of 8.29 g/t Au and 30.31 g/t Ag in Vein Zone 1.
     
  • Hole SN19-35 returned 3.00 m of 3.60 g/t Au and 2.38 g/t Ag and 2.47 m of 5.22 g/t Au and 13.95 g/t Ag in Vein Zone 2.
     
  • Hole SN19-49 returned 151.70 m of 0.19 g/t Au and 1.20 g/t Ag in Vein Zone 2. Importantly, significant veining was encountered which leads management to believe the system continues to the northwest.

*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.

*Please see the full table of assay results from all 2019 drill holes here: https://www.westhavenventures.com/projects/shovelnose-gold/maps/

Gareth Thomas, President and CEO of Westhaven, stated: "The high-grade gold intercept in hole SN19-38 is the most significant intercept to date at the ~1100m elevation level in Vein Zone 1, since it expands the high-grade gold potential from a vertical perspective. At this time last year, we had identified roughly 300 metres of strike length; the 2019 drill results have increased that to 1,300 metres. We have built confidence in the continuity of this vein zone and subsequently have gone on to discover two additional high-grade gold veins (Vein Zones 2 and 3). The Company is well financed for the 2020 exploration program and a drill is currently at Shovelnose with several exploration targets ready to be tested commencing mid-February. Additional work is planned for this year across all four of Westhaven’s SBGB properties, including a drill program at the 100%-owned Skoonka prospect where 12.80 metres of 20.20 g/t Au was previously intersected. Every hole drilled in 2019 provided valuable information which we believe will help us discover additional zones of gold mineralization at Shovelnose as well as on the other three properties.”

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