Summer 2021 was hot and fiery in the U.S. and Canadian Pacific Northwest. So much so that Westhaven Gold's Shovelnose gold-silver project in British Columbia was affected as well. Drilling had to be curtailed in mid-August after an evacuation order due to a wildfire — but it's now back on track, Westhaven having resumed work in early September.
Ongoing positive drill results out of Shovelnose bode well for a rerating of Westhaven Gold Corp.'s (WHN:TSX.V) stock once the company releases a maiden resource, which is expected in the near term.
"Mineralization further supports potential for a bulk-tonnage resource at Shovelnose's South Zone."
So far this year, the Vancouver-based, gold-focused explorer completed more than half of its planned 40,000-meter Shovelnose drill campaign. Results are in for 17 holes drilled in the South zone, representing both exploration and resource drilling, and are reported in a news release. (Results of another 16 holes are pending.)
Including intercepts like 265m of 0.49 grams per tonne (0.49 g/t) gold and 1.84 g/t silver, these new results confirm that wide swaths of disseminated gold-silver are present along with the known high-grade gold-silver veins.
Drilling also confirmed the continuity of vein Zones 1, 2, and 3 and the presence of lower grade mineralization between vein zones 1 and 2. This appears to be a halo that could encompass all three vein zones.
This mineralization further supports potential for a bulk-tonnage resource at Shovelnose's South Zone.
Shovelnose is one of Westhaven's quartet of gold projects, all located along the Spences Bridge Gold Belt, Canada's newest gold district. There, the company controls a large land package of 37,000 hectares containing high-potential targets.
This 110 kilometer-long belt contains mostly unexplored intermediate to felsic volcanic rocks, highly prospective for epithermal-style gold mineralization.
Westhaven's other projects along the belt are Prospect Valley, Skoonka, and Skoonka North.
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