공시 • Sep 09
Westhaven Gold Corp. Announces Drill Results from Its Ongoing Drill Campaign
Westhaven Gold Corp. announce drill results from its ongoing drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres (km) south of Merritt, British Columbia. Highlights include: FMN Zone SN22-278 intersected 1.84 g/t gold (Au) and 4.79 g/t silver (Ag) over 21.90 metres (m) starting 44m downhole and 3.90m of 4.33 g/t Au and 9.61 g/t Ag starting 62m downhole (Section FMN F0525). SN22-281, an undercut to SN22-278, intersected 30.58m of 1.06 g/t Au and 4.09 g/t Ag. SN22-263 intersected 0.60m of 3.11 g/t Au and 287.00 g/t Ag, and 1.13m of 2.31 g/t Au and 173.44 g/t Ag. Current drilling (Section FMN F0900) continues to expand the main mineralized structure, Vein Zone 1, along strike to the northwest. Discovery of a new gold bearing zone situated 1.2 km northeast of the South Zone (HydBx-02)SN22-249 intersected 3.28 g/t Au over 0.9m. SN22-257 intersected 1.39 g/t Au over 1.2m and another 1.23 g/t Au over 6m. Two holes are 380m apart indicating a potential northwest-southeast trending mineralized zone that is open in both directions. Westhaven has drilled approximately 31,000m in 108 holes (to SN22-302) at Shovelnose in 2022. Peter Fischl, Exploration Manager adds: “Recent drilling at FMN continues to encounter broad intervals of mineralization hosted in heterolithic breccia containing quartz fragments derived from Vein Zone 1. These near surface intercepts, as seen in holes SN22-278 and SN22-281 on section F0525, add a "bulk tonnage" component to the economic potential at FMN. Vein Zone 1 at FMN continues to be traced to the northwest, with recent intercepts on section F0850 in holes SN22-298 and 299 (assays pending). At the Shovelnose gold property, the primary focus of Westhaven’s 2022 drilling is to test the potential for additional gold and silver mineralization along the 4km ‘main mineralized’ structure hosting the South, Tower, FMN and Franz Zones. However, a component of the 2022 work program is designed to evaluate geological, geochemical and geophysical targets elsewhere on the 17,623ha property. As assay wait times continue to grow, and as the Company waits to receive assays to assist for targeting purposes for drilling along the main mineralized structure, Westhaven has taken the opportunity to test exploration targets off trend. Of the holes being reported now, 14 are associated with testing three exploration targets. Surface exploration has identified several hydrothermal breccias, quartz veining and alteration halos in outcrop that are reminiscent of those associated with gold mineralization at the South Zone (791,000 ounces of gold and 3,894,000 ounces of silver Indicated plus 263,000 ounces of gold and 1,023,000 ounces of silver Inferred; see Press Release January 10, 2022). Hydrothermal breccias are typical of low sulphidation epithermal systems and develop where mineral rich fluids interact with fractured rock. During work in 2020 and 2021, Westhaven identified 15 zones of hydrothermal brecciation, with surface assays returning up to 0.5g/t gold in select grab samples. The 14 holes being reported were completed to test three exploration targets. One of these three exploration targets tested has lead to the discovery a new gold bearing zone. HydBx-02, situated 1.2km northeast of the South Zone, and off the main mineralized trend, was tested by seven drill holes. Full results are provided in table below. The best gold intersections occur in hole SN22-249 (3.28 g/t Au over 0.9m) and SN22-257 (1.39 g/t Au over 1.2m and 1.23 g/t Au over 6m). These intersections are significant because: (1) this is a new gold bearing area, confirmed by drilling, and offset some 1.2km from the main mineralized structure, (2) veining was encountered in both the traditional felsic volcanic host rocks as well as in the granodiorite unit - thought to be the local geologic basement at Shovelnose and potentially opening up new areas for exploration, (3) alteration haloes – derived from pathfinder elements in drill core (not reported herein) - suggest development of a low sulphidation epithermal system offset from the main trend (relationship, if any, unclear at the present time) (4) drilling coverage at HydBx-02 is limited, with upside potential above, below and between the current drill intersections, (5) HydBx-02 remains open to both the northwest and southeast, and (6) additional similar surface exposures of hydrothermal brecciation elsewhere on the property remain to be tested by drilling. Westhaven’s ongoing mapping, prospecting and rock sampling are currently focussed in areas burned by the 2021 July Mountain wildfire, which exposed previously unknown outcrops. This geological program will be expanded elsewhere on the property later in the season. Other components of the 2022 program at Shovelnose include stream sediment sampling following up anomalous results from an earlier program indicative of potential gold mineralization at sites up to 10km from the main mineralized trend. Westhaven expects to develop new target areas from this work, as well as additional exploration activities in progress. The drilling of two holes on section F0525, holes SN22-278 and 281, has intersected wide intervals of mineralized quartz-bearing breccia. The shallow nature of these intercepts adds to the “open-pit” potential of the breccia target at FMN. Hole SN22-263 was drilled on section F0300 and targeted the southeastern extension of a deeper zone of silver-rich mineralization at FMN centred at 1190m elevation. This hole intersected Vein Zone 1 at 211.6 to 284m and included quartz vein intercepts of up to 6.0m (e.g. at 212.42 to 218.42m). Several of these veins returned gold-silver assays with significant silver as follows; 1.43 g/t Au and 146.18 g/t Ag over 1.50m (213.5-215.0m) and 2.31 g/t Au and 173.44 g/t Ag over 1.13m (248.05-249.18m). Vein Zone 1 continues to be traced to the northwest, being recently intersected on section F0850 at FMN in holes SN22-298 and 299 (awaiting assays).
