Westhaven Drills 76.98 Metres of 1.51 G/t Gold and 8.47 G/t Silver, Including 15.56 Metres of 4.52 G/t Gold and 25.99 G/t Silver; 2.02 Metres of 39.67 G/t Gold and 30.38 G/t Silver at the Shovelnose Gold Property

Vancouver, B.C. – June 27th, 2022 – Westhaven Gold Corp. (TSX-V:WHN) is pleased to 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 south of Merritt, British Columbia.

Highlights include:

Gareth Thomas, President & CEO, comments: “Systematic drilling of Vein Zone 1 at the FMN Zone has again successfully intersected gold-silver mineralization. These results confirm continuity of both high-grade and bulk tonnage style gold over a wide area, which remains open in all directions. Similarly, the Alpine Zone has been expanded with the intercept of 1.08 g/t Au and 4.44 g/t Ag over 40.00m, extending Vein 2 mineralization by 150 metres. Management is confident that these areas can contribute significantly towards growing the property’s 1.1 million ounce gold equivalent mineral resource estimate.”

Peter Fischl, Exploration Manager adds: “Drilling at Shovelnose continues at the FMN and Alpine target areas this year.  Tighter spaced drilling over Vein Zone 2 at the Alpine target area has intersected significant widths of gold-silver mineralization above the cutoff grade of the open pit maiden resource released earlier this year for the adjacent South Zone target area immediately southeast of Alpine.  The shallow and very gently dipping nature of Vein Zone 2 here adds to the open pit potential of the Alpine target area.  The mineralization uncovered in the tighter drilling here may have a positive impact to any update to the maiden open pit resource. Infill and step out drilling at FMN continue to yield significant gold intersections in Vein Zone 1 and in post mineral heterolithic breccias that cut Vein Zone 1.  The most recent results confirm that the post mineral breccias at FMN can host mineralization over significant widths at shallower levels (e.g.: 0.46 g/t Au over 29.08m in SN22-240, 1.16 g/t Au over 42.17m in SN22-211). The breccias are now considered a secondary target that can add to the bulk tonnage potential at FMN”

Recent drill results are summarized here:

Hole_ID Zone From (m) To (m) Int (m) Au (g/t) Ag (g/t) High Au (ppb)
SN22-231 FMN 23.00 26.00 3.00 0.27 4.06 269
SN22-232 Alpine 69.00 70.00 1.00 0.31 2.10 305
and   85.00 86.20 1.20 0.32 1.51 323
SN22-233 FMN 162.00 174.49 12.49 0.32 1.45 888
including   170.00 172.00 2.00 0.89 1.56 888
SN22-234 Alpine 27.00 28.00 1.00 9.13 10.85 9130
and   90.00 93.00 3.00 0.40 2.48 413
SN22-235 FMN 162.00 170.21 8.21 0.75 3.20 3060
including   168.00 169.00 1.00 3.06 3.93 3060
and   233.88 235.05 1.17 0.93 3.08 926
SN22-236 Alpine 53.00 93.00 40.00 1.08 4.44 15400
including   59.82 61.00 1.18 4.50 3.61 4500
including   74.77 92.00 17.23 1.96 8.95 15400
including   78.83 80.00 1.17 15.40 73.50 15400
and   109.98 110.60 0.62 1.23 19.10 1230
SN22-237 Alpine 63.00 111.00 48.00 0.41 1.73 3170
including   96.89 100.23 3.34 1.92 8.51 3170
SN22-238 FMN 32.00 108.98 76.98 1.51 8.47 19650
including   41.93 49.06 7.13 1.91 7.70 4110
including   87.39 102.95 15.56 4.52 25.99 19650
including   87.39 90.33 2.94 11.82 42.31 19650
including   95.95 98.00 2.05 10.74 63.03 14200
SN22-239 Alpine 67.00 69.00 2.00 0.51 3.16 769
SN22-240 FMN 32.73 61.81 29.08 0.46 3.31 3570
including   54.05 60.04 5.99 1.45 9.09 3570
and   83.00 107.89 24.89 3.47 5.04 61700
including   104.00 106.02 2.02 39.67 30.38 61700
and   135.96 156.04 20.08 0.24 8.15 825
SN22-241 Alpine no significant assay 113
SN22-242 FMN 69.70 71.00 1.30 0.50 2.70 502
SN22-243 Alpine 51.00 80.00 29.00 0.22 1.32 683
and   109.99 121.09 11.10 0.26 1.04 508
SN22-244 FMN 163.83 164.76 0.93 2.68 65.20 2680
SN22-245 Alpine 51.00 76.00 25.00 0.74 3.12 6470
including   64.00 66.00 2.00 4.37 15.71 4630
including   71.89 72.90 1.01 6.47 24.40 6470
and   88.00 143.00 55.00 0.25 1.33 2360
including   107.43 109.22 1.79 1.96 10.66 2360
SN22-246 FMN assays pending
SN22-247 Alpine
SN22-248 Alpine
SN22-249 N/A
SN22-250 FMN
SN22-251 N/A
SN22-252 N/A
SN22-253 FMN
SN22-254 N/A
SN22-255 FMN
SN22-256 N/A
 

Please click the following link to the 2021 & 2022 drill database tables of assay results:

2021 & 2022 drill database: https://www.westhavengold.com/projects/shovelnose-gold/maps/

Westhaven benefits from the B.C. Mining Exploration Tax Credit (METC) which is a permanent incentive to support investment in mining. The METC is a refundable B.C. income tax credit for eligible individuals and corporations conducting grassroots mineral exploration in B.C. and is worth 30% of qualified mining exploration expenditures. Westhaven has recently received a $2,161,933 refund related to exploration activities undertaken in 2021.

On behalf of the Board of Directors
WESTHAVEN GOLD CORP.

"Gareth Thomas"

Gareth Thomas, President, CEO & Director

Qualified Person Statement

Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.

QA/QC

Core samples were prepared using the PREP-31 package in ALS’s Kamloops facility. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS’s North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold. Westhaven’s ongoing Quality Assurance and Quality Control programs include auditing of all exploration data. Any significant changes will be reported when available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt.  Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

 

PLAN MAP

PLAN MAP

PLAN MAP WITH VEIN TRACES

PLAN MAP WITH VEIN TRACES

CROSS-SECTIONS

Cross Section 1 Cross Section 2 Cross Section 3
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