Explorer Restarts Drilling at Spences Bridge Gold Belt Property

By Streetwise Reports / February 05, 2021 / www.theaureport.com / Article Link

Westhaven Gold reported it has resumed drilling operations at its Shovelnose property in British Columbia.

Three New Zones Discovered in 2020 and South Zone

In a news release, Westhaven Gold Corp. (WHN:TSX.V) reported that it has resumed drilling at its Shovelnose gold property, which is located 30 km south of Merritt, British Columbia. The firm noted that the Shovelnose property covers 17,623 hectares and lies within the prospective Spences Bridge Gold Belt.

Westhaven Gold advised that drilling has already begun and that the focus of the first hole being drilled is centered around the extension of the gold-silver mineralization encountered at the newly discovered FMN Zone. The company pointed out that the FMN Zone was the third major new zone it discovered in 2020. Drill results at FMN returned intercepts of 19.85 m of 2.62 g/t Au and 139.75 g/t Ag, that included 5.50 m of 4.58 g/t Au and 267.35 g/t Ag. The firm highlighted that within the 5.50 meter sub-segment assay results measured 0.58m of 581 g/t Ag, which represents the third highest recorded silver intercept drilled to date on this property.

The company indicated it also plans to perform additional drill work at the Franz Zone with the objective of extending the strike, noting that in September 2020, Franz drill results returned 7.78 m of 14.84 g/t Au.

Westhaven added that it will deploy a second drill rig in Q1/21 to perform step-out and infill drilling at the South Zone and will continue its regional exploration program taking into account the work completed in 2020 and in prior years. The regional ongoing exploratory program calls for prospecting, mapping, stream and soil sampling, and drilling.

The firm advised that assay results for 19 holes drilled in 2020 are still pending and said that it will release the data once it has been received and interpreted by the company.

The company's President and CEO Gareth Thomas stated, "The goal at the beginning of 2020 was to step outside of the South Zone and discover additional mineralized zones. Our exploration and operations team was successful in achieving that goal with the discovery of 3 new zones of high-grade gold and silver mineralization. All 3 of these zones remain open and will be the focus of initial drilling in 2021."

[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.

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok