Westhaven Gold reported it has added a second drill rig at its Shovelnose property in British Columbia.
Gold-focused exploration company Westhaven Gold Corp. (WHN:TSX.V) announced in a news release that it has now added a second drill rig to its Shovelnose gold property that is located 30 km south of Merritt, B.C. The firm noted that the Shovelnose property encompasses 17,623 hectares and is situated within the Spences Bridge Gold Belt, a highly prospective gold district.
Westhaven Gold advised that the second drill rig has been set up and deployed at the Shovelnose South Zone at a point located around 50 meters southwest of drill hole SN19-26. The company noted that previous drill results from that particular hole had returned 42.84 meters of 2.63 g/t gold and 27.80 g/t silver, including 15.46 meters of 4.80 g/t gold and 61.21 g/t silver.
The firm stated that the additional drill rig will be focused primarily on step-out and infill drilling at the South Zone. The company pointed out that the main objective of its current 2021 drill program is to complete a maiden resource on the South Zone.
Westhaven noted that the Shovelnose property lies close to a major highway and has convenient access to power and rail lines. The property is also proximal to other large producing mines and is within commuting distance of Merritt, B.C., thus reducing overall operating costs. The company reiterated that including Shovelnose it has a controlling interest in four 100%-owned gold properties spread along the Spences Bridge Gold Belt that have been largely underexplored.
[NLINSERT]Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Westhaven Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.