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Westhaven drills 1,826 m in phase 1 at Shovelnose
2018-08-28 10:22 ET - News Release
Mr. Gareth Thomas reports
WESTHAVEN PROVIDES EXPLORATION UPDATE
Westhaven Ventures Inc. has provided an exploration update on the continuing drill campaign at its 15,542-hectare Shovelnose gold property, located within the prospective Spences Bridge gold belt (SBGB), approximately 30 kilometres south of Merritt, B.C.
Summer drilling update
Phase 1 Westhaven has completed 1,826 metres of diamond drilling in four holes in phase 1 of its summer drill program. All pending assays from holes SN18-08 to SN18-11 will be reported once received. After a 10-day break, drilling will recommence later this week focusing on the up-dip portions of the vein system east and southeast of hole SN18-03.
Four holes completed this summer (SN18-08 to SN18-11) tested the northern and southern continuation of mineralized veining encountered in hole SN18-03. All four holes have encountered multiple quartz veins. This drilling has now extended the overall strike of the South zone vein system to 370 metres and the zone remains open along strike to the north and south. It has now been determined that holes SN18-01 and SN18-02 failed to intersect the southward continuation of the zone due to an apparent change in strike of the veining. Vein intersections in holes SN18-08, SN18-09 and SN18-11 indicate an abrupt change of strike to the southeast, well east of holes SN18-01 and SN18-02. This change of strike to the southeast resulted in the vein zone being intersected much deeper than the gold-bearing intersection in hole SN18-03. Follow-up drilling will therefore include testing the up-dip portions of the vein system east and southeast of hole SN18-03.
In May, 2018, Westhaven completed 2,639 metres of diamond drilling in seven holes in the South zone. This program successfully increased the strike length of the known gold mineralization and resulted in the most significant drill intersection to date at Shovelnose. Hole SN18-03, which was reported in a news release dated May 7, 2018, intersected 17.7 metres of 3.9 grams per tonne gold, including 2.9 metres of 9.7 grams per tonne gold. All other holes that have successfully targeted this structure have encountered broad intercepts containing gold-bearing quartz veins.
Shovelnose gold property overview
There is evidence of a significant mineralized alteration system within the property where float samples grading 119 grams per tonne gold and 273 grams per tonne silver, veins exposed by trenching grading 66 grams per tonne gold, and wide low-grade alteration zones typical of epithermal gold deposits have been discovered. Recent drilling intersected 17.7 metres of 3.9 grams per tonne gold and 2.9 metres of 9.7 grams per tonne gold. For further information on the Shovelnose gold property, please visit Westhaven's website.
The Spences Bridge gold belt (SBGB)
Westhaven owns a 100-per-cent interest in over 35,000 hectares within the prospective SBGB, which is situated within a geological setting like those that host other significant epithermal gold-silver systems. It is close to major transportation routes and infrastructure, allowing for cost-effective exploration. The SBGB is a 110-kilometre northwest-trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge group. Westhaven has been working on the SBGB since 2011 and believes these relatively underexplored volcanic rocks are highly prospective for epithermal-style gold mineralization.
About Westhaven Ventures Inc.
Westhaven Ventures is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose, Prospect Valley, Skoonka and Skoonka North gold projects in British Columbia.
Qualified person statement
Peter Fischl, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this release.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aWHN-2651787&symbol=WHN®ion=C