Hitting Gold at Multiple Targets As New Canadian Gold District Emerges

 

Westhaven Gold (TSX-V: WHN)(OTC: WTHVF) — currently trading around C$0.50 per share — has released assays from 17 additional holes from its ongoing drill program at the South Zone of its flagship Shovelnose Gold Project in British Columbia, Canada.

Highlights from four holes include:

  • 265 meters of 0.49 grams per tonne (g/t) gold and 1.84 g/t silver

  • 118 meters of 0.71 g/t gold and 2.12 g/t silver

  • 97 meters of 0.43 g/t gold and 1.88 g/t silver

  • 39 meters of 1.42 g/t gold and 9.80 g/t silver

An additional 16 holes from multiple zones are in the lab pending assays. This is all part of a large, multi-rig, 40,000 meter drill program of which 28,400 meters have been completed to-date. 

Westhaven CEO Gareth Thomas commented via press release

“These recent drill results at the South Zone confirm that along with multiple high-grade gold-silver veins, there are also significant widths of disseminated gold-silver. These broad intercepts are expanding the footprint of the known area of gold-silver mineralization. Once drilling resumes, the focus will be on recent vein intercepts (SNR21-37 to SNR21-40), northwest of the South Zone where pale-grey banded quartz with adularia and ginguro were observed in the core; assays pending. We will also be focusing on the FMN Zone, approximately 2.5 kilometres northwest of the South Zone, where assays are also pending.”

The high-grade zones are beginning to stack up as the company gains a further understanding of the controls on mineralization at Shovelnose.

As just a couple of examples, in June of this year, Westhaven released drill assays highlighted by 8 g/t gold and 34 g/t silver over 41 meters and 3 g/t gold and 19 g/t silver over 75 meters at the South Zone.

And prior to that, the company reported 16 meters of 9 g/t gold and 27 g/t silver at the FMN Zone.

Shovelnose discovery

Needless to say, the Westhaven team is hitting on its targets and has plenty more to explore via its three-rig program. Speculators can expect additional drill assays in the coming weeks and months as Westhaven aims to put Shovelnose — and the widely underexplored Spences Bridge Gold Belt — on the map to the benefit of WHN shareholders.

Digging deeper, my colleague Gerardo Del Real of Junior Resource Monthly has been delivering all the key insights on the Westhaven’s aggressive drill program at Shovelnose, including multiple exclusive interviews with CEO Gareth Thomas.

Click here for a short video clip where Mr. Del Real discusses the advantages his subscribers enjoy monthly — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is shaping up to be one of the most profitable quarters he’s seen in the junior resource space.

Gerardo JRM sneak peek

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Also click here for our feature report on Westhaven Gold.

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 readers.


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