Mike Fagan,
Editor
June 4, 2021
by Mike Fagan
Westhaven Gold (TSX-V: WHN)(OTC: WTHVF) — currently trading around C$0.75 per share — has intercepted high-grade gold-silver in multiple holes in its ongoing, fully-funded drill program at its flagship Shovelnose Gold Project in British Columbia, Canada.
Highlights from two separate holes include:
- 0.45 meters of 614 g/t gold and 2,070 g/t silver; within
- 41.55 meters of 8.17 g/t gold and 34.64 g/t silver.
- 74.8 meters of 3.18 g/t gold and 18.92 g/t silver; including
- 5.13 meters of 26.13 g/t gold and 158.03 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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A third drill rig is currently being added to the 40,000-meter program to test high-priority targets in the South Zone where the company is seeing the expansion of mineralization and the continuity of high-grade material.
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Westhaven CEO, Gareth Thomas — whom you’ll be hearing more from in a moment — commented via press release:
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"These high-grade drill intercepts, including 614 g/t gold and 2,070 g/t silver , help further validate the high-grade nature of this project. Hole SNR21-04 is one of the shallowest high-grade Vein Zone 1 intercept drilled on Shovelnose to date. It is encouraging to see the expansion of mineralization and the continuity of high-grade within the South Zone, especially as we continue to drill this area in preparation for an inaugural maiden resource. With the recent exploration success at the FMN Zone (SN21-161: 15.97m of 9.15 g/t Au and 27.43 g/t Ag ), and with several high-priority targets generated from ongoing exploration programs including geophysics, geochemistry and prospecting, a 3rd drill is being mobilized to the property."
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With approximately C$12 million in the treasury, a 40,000-meter drill program underway in a Tier-1 jurisdiction, and a maiden resource in the works — Westhaven Gold is one of the most active junior gold exploration companies in the space with plenty of news flow on-tap for 2021.
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Our own Gerardo Del Real of Junior Resource Monthly caught up with Westhaven CEO, Gareth Thomas, to discuss the latest high-grade intercepts and the overall drilling strategy at Shovelnose.
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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.