Westhaven Provides Exploration Update

VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to provide an exploration update 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.

Gareth Thomas, President & CEO of Westhaven stated: “The goal for the 2020 drill program is to find new gold vein zones outside of the high-grade South Zone discovery. Our team discovered a brand-new quartz outcrop (Franz Zone) of white to gray, opaque, colloform-banded chalcedony veins hosted in rhyolite, one kilometre northwest of the FMN target. If the Franz Zone is in fact the extension of Vein Zone 1, we will have extended the strike length of Vein Zone 1 to 3.7 kilometres.  This is important because the bigger the vein system we are dealing with, the greater the potential to host significant gold mineralization. As is typical with epithermal gold deposits, like Kupol and Hishikari, these large vein systems can host high-grade sections of gold mineralization as we have already demonstrated at the South Zone. This Franz outcrop is the most significant surface vein occurrence we have seen on Shovelnose and is being prioritized for drilling.” Thomas goes on to add, “Our technical team has done a great job vectoring in on new target areas both through drilling and prospecting. Near bedrock surface zones of anomalous gold at Alpine and Line 6 targets lead us to believe we are narrowing into a high-grade feeder zone.”

Exploration Highlights:

• SN20-86 (New vein zone at the MIK target) intersected 47 metres of strongly quartz-veined and brecciated dacite, 1.35 kilometres from South Zone discovery holes. Please see pictures below. Assays demonstrated anomalous gold and pathfinder elements indicating that a more productive horizon likely exists above this intercept.
   
• Recent drilling and a re-interpretation of historic drilling at Tower has confirmed the northwestward continuation of Vein Zone 2 through the Tower target.  The zone has now been traced northwestward from South Zone for a total strike-length of 1.3 kilometres. It remains open and will be tested to the northwest, together with Vein Zone 1, at the FMN target.
   
• Discovered new near surface anomalous gold at Alpine and Line 6 targets.
   
• Discovered a brand-new 80 x 20 metre quartz outcrop (Franz Zone) of white to gray, opaque, colloform-banded chalcedony veins hosted in rhyolite one kilometre northwest of the FMN target. Please see pictures below.