General Precious Metals
Westhaven Gold (TSX-V: WHN)(OTC: WTHVF) CEO Gareth Thomas on Hitting 23.03 Metres of 37.24 G/T Gold and 209.52 G/T Silver, Including 1.12 Metres of 294 G/T Gold and 2,110 G/T Silver at the FMN Zone, Shovelnose Gold Property
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President and CEO of Westhaven Gold, Mr. Gareth Thomas.
Gareth, I was joking with you off-air. You have the market's attention now, sir. How are you today?
Gareth Thomas: I'm well. I'm a little bit tired, but not complaining.
Gerardo Del Real: Well, let's provide a bit of context to everyone as to why you're tired, and, well, you just drilled 23.03 meters of 37.24 grams per tonne gold and 209.52 grams per tonne silver, including 1.12 meters of 294 grams per tonne gold and 2,110 grams per tonne silver at the FMN Zone at the Shovelnose Gold property. I will let you provide the context. Fantastic numbers.
Gareth Thomas: Yes, thank you, Gerardo. Yep, we're quite excited here, and I'll just touch on why we're tired. As I said off-air there, we got these assays in late after hours last night. So we had the release ready to go with some very good numbers that are maybe getting kind of tossed in the background here now. But we weren't prepared to have this hole back when it came in, so we were frantically rushing to get everyone to update everything. So, yeah, but like I said, not complaining. Our best intercept to date, the Shovelnose, well, anywhere on the Spences Bridge Gold Belt and really by far 857 gram meter intercept. So we're excited, to say the least.
Gerardo Del Real: You mentioned in the release that it isn't uncommon in enriched epithermal systems to discover multiple high-grade gold chutes, and it sure in the heck sounds like you feel that's absolutely the case. Is that accurate? Am I reading that correctly?
Gareth Thomas: Yeah. I mean, I probably sound like a broken record, and I've been saying this for a while and especially after working with Peter Fischl for a few years here now. Preaching patience and perseverance in these systems is really key because they can be drill-intensive and challenging to unlock. But we certainly feel that between South Zone now, which is about two kilometers from this intercept today, at least the heart of the South Zone, where we had our last best intercepts, 400, 500 gram meter intercepts. So two kilometers away here at the FMN, and we know there's high grade another kilometer to the Northwest at the Franz outcrop and still haven't drilled in between there. And, of course, we're drilling at the Alpine as well, which we drilled eight meters of 20 grams there about a month ago.
So yeah, they're not consistently along this trend where you're going to hit continuous high-grade gold, but there's certainly these chutes or pockets of it. And that's certainly what we're pretty excited about. They're really low drill density in this area so far. So we're excited and we're drilling. We got the two rigs turning. Yeah, things are looking good at Alpine, and we're going to continue here at FMN and hopefully find more of these sort of chutes and pockets.
Gerardo Del Real: The highlight hole that I referenced was hole 212. And you mentioned some of the other numbers in this release being overshadowed. A few of these intercepts deserve mentioning. Hole 211 hit 36 meters of 3.74 grams per tonne gold, which included 11.26 meters of 9.52 grams per tonne gold and 50.03 grams per tonne silver. There is another intercept here, 0.97 meters of 14.2 grams per tonne gold, 2.24 meters of 12.45 grams per tonne gold. Just great numbers top to bottom. What comes next, Gareth?
Gareth Thomas: Yeah. We're continuing to drill this FMN. As we head to the Southeast, we're drilling sections here, as you can often miss these things. So we're continuing on, kind of fence drilling towards the Alpine, which we're about a kilometer from the Alpine, if not a little bit more, and we're drilling kind of towards each other. Like I said, Alpine, we're looking forward to getting those results back here in the near future and more results from the FMN. Yeah, it's exciting times to be up here and be drilling these things. Still very much a drill bit story, but you can see the ounces sort of building here. I think that's, as you mentioned, we're getting some traction today. I think people are finally, finally realizing that this thing has a lot of legs.
Gerardo Del Real: Stock is up over 60%. I suspect it's just getting started. Gareth, I'll let you get to it. Thank you so much for the update.
Gareth Thomas: Always a pleasure.
Gerardo Del Real: Awesome. Appreciate it, Gareth. I'll let you get to it. Thanks again.
Gareth Thomas: All right. Cheers, Gerardo.