Mike Fagan,
Editor
July 9, 2021
Westhaven Gold (TSX-V: WHN)(OTC: WTHVF) — currently trading around C$0.60 per share — has released a new set of drill assays showing high-grade gold-silver intercepts in multiple holes in its ongoing, fully-funded drill program at its flagship Shovelnose Gold Project in British Columbia, Canada, where a third drill rig has been added.
Highlights include:
- 76.33 meters of 2.93 g/t gold and 11.3 g/t silver at the South Zone
- 41.25 meters of 4.47 g/t gold and 17.69 g/t silver at the South Zone
- 22.05 meters of 2.2 g/t gold and 5.88 g/t silver at the FMN Zone; including
- 4.18 meters of 5.26 g/t gold and 9.27 g/t silver
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Westhaven controls 37,000 hectares (370 sq km) by way of four 100%-owned gold properties — Shovelnose, Skoonka North, Skoonka Creek, and Prospect Valley — spread across the vastly underexplored Spences Bridge Gold Belt.
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“Though still early days at the FMN, 2021 exploration drilling has successfully outlined a 200m corridor of higher-grade zones of gold and silver mineralization starting from hole SN21-158 (3.46m of 9.46 g/t Au and 151.82 g/t Ag) to hole SN21-167 (4.18m of 5.26 g/t Au and 9.27 g/t Ag). Our technical team is getting a better handle on targeting the elevation range of best mineralization, which bodes well for future significant drill intercepts at FMN. The recent South Zone results (76.33m of 2.93 g/t Au and 11.30 g/t Ag) help validate the high-grade nature of this project as we continue to drill outside of this main structure looking for additional zones of gold and silver mineralization. A 3rd drill rig is on site testing these targets now.”
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As noted by Mr. Thomas, this is still early-stage exploration. Yet, hitting high-grade gold-silver intercepts in multiple zones with consistency and continuity is a great way to start off a 40,000 meter, multi-rig drill program.
As you may recall, last month, 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.
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.
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Yours in profits,
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.