Aiming the Drills & Hitting High-Grade Gold-Silver in British Columbia

by Mike Fagan

Mike Fagan


Westhaven Gold (TSX-V: WHN)(OTC: WTHVF) — currently trading around C$0.65 per share — has announced the intersection of high-grade gold-silver in multiple zones at its flagship Shovelnose Gold Project, British Columbia, Canada.

Highlights include:

  • 2.73 grams per tonne (g/t) gold and 15.78 g/t silver over 79 meters at the South Zone
     
  • 9.15 g/t gold and 27.43 g/t silver over 16 meters at the FMN Zone 

Westhaven CEO, Gareth Thomas — whom you’ll be hearing more from in a moment — commented via press release: 
 

"With this significant high-grade gold-silver drill intercept at the FMN Zone, our theory that more high-grade centres occur along this major NW-SE structure has proven correct. Hole SN21-161 (15.97m of 9.15 g/t Au and 27.43 g/t Ag) is approximately 700m away from the Franz Zone discovery drill hole SN20-101 (7.78m of 14.84 g/t Au and 40.68 g/t Ag). Our Exploration Manager, Peter Fischl talked about a "kink" in the structure and its importance for potential mineralization along key structures exhibiting strike-slip movement. Our team is gaining a better understanding of the structural controls on the Shovelnose Property which is important as we focus the majority of the fully funded 2021 drilling on exploration targets on this large and underexplored property. In addition, drilling in the South Zone, which is geared towards the completion of an inaugural maiden resource estimate by years-end, continues to intersect significant widths of high-grade gold-silver mineralization and demonstrate continuity of veins (SNR21-02: 79.00m of 2.73 g/t gold and 15.78 g/t silver)."


Westhaven Gold controls 37,000 hectares (370 sq km) by way of four 100%-owned gold properties — Skoonka North, Skoonka Creek, Prospect Valley and Shovelnose — spread across the vastly underexplored Spences Bridge Gold Belt.

                               

The company has made four high-grade gold discoveries since late-2018 and currently has two diamond drill rigs turning on a fully-funded, 40,000-meter drill program at Shovelnose. A total of 31 holes have been drilled thus far in 2021 with results released on 14 holes and with assays forthcoming on an additional 17 holes. 

With the drills turning and hitting — and with a maiden resource due on the South Zone by year-end — Westhaven Gold is one of the most active junior gold exploration companies in the space with plenty of news flow on-tap for 2021-22.

Our own Gerardo Del Real of Junior Resource Monthly caught up with Westhaven CEO, Gareth Thomas, to go over the latest high-grade hits as the company continues to delineate multiple mineralized structures at Shovelnose by way of the drill.  CLICK HERE TO LISTEN. Transcript is also available. 


We also have our brand new report on Westhaven Gold available here.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.