Westhaven Provides an Exploration Update on Its Prospect Valley Property

VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to provide an exploration update on its 10,927 hectare Prospect Valley gold property, located within the prospective Spences Bridge Gold Belt (SBGB), approximately 25 kilometres west of Merritt, British Columbia.

Highlights

• Field work underway at Prospect Valley property
  • significant assays from initial property scale silt sampling (14 of 53 samples over 100ppb gold (Au) to a maximum of 985ppb Au)
  • float sample with 1,170ppm tungsten and >10,000ppm molybdenum may indicate a new style of mineralization.
  • several zones of quartz veinlets identified during prospecting (assays pending)
    
    
• Drill permit is pending for the Bonanza Target - a previously undrilled area where quartz vein and quartz breccia float, returning assays up to 43.34 g/t Au, have been found as recently as 2023.

Gareth Thomas, President & CEO, states, “Recent findings have reinforced management’s belief in the property’s potential to host significant gold mineralization. Prospect Valley covers 10,927 hectares, encompassing a number of structurally controlled epithermal gold prospects, including the Bonanza Target, Discovery Zones and Northeast Extension. In addition to the bonanza grades found on surface, historical drilling has intercepted high-grade gold. The continued discovery of new zones of mineralization adds to the prospectivity of the property, and we look forward to drilling again soon.”

Prospect Valley Property

Numerous gold-bearing epithermal quartz vein and breccia float boulders were discovered in 2001-2002 over a two square kilometre area (the ‘Bonanza Target’). The best sample ran 43.34 g/t Au, but the source(s) remains to be determined. Past work on the property targeted bedrock gold-silver showings at the Discovery (North and South), Dogleg, Dome, NEZ and NIC zones by trenching and drilling. The Bonanza Target, Discovery and NEZ are aligned along a north-northeast trend, and are hypothesized to be related to a multi-kilometre scale fault system extending across the property. Westhaven acquired the ground in 2015 and in 2016, collected 1,028 soil and 78 rock samples, re-excavated 4 trenches, and drilled 8 holes (1,519 m) in areas of known mineralization.