Westhaven Gold Corp. (TSXV: WHN) has unveiled its initial Mineral Resource Estimate (MRE) at its 100% owned 17,623-hectare Shovelnose Gold Property, British Columbia, Canada.
The initial open-pit constrained MRE is of the South Zone, and was completed by P&E Mining Consultants Inc., based on a total of 145 surface drill holes (56,491 m), 25,920 drill core analyses, 3,302 bulk density measurements, and preliminary metallurgical testwork.
Shovelnose South Zone MRE Highlights:
- 791,000 ounces of gold and 3,894,000 ounces of silver Indicated.
- 263,000 ounces of gold and 1,023,000 ounces of silver Inferred.
- 75% of the MRE in the higher confidence Indicated classification: 10.60 million tonnes at 2.47 g/t for 841,000 gold equivalent (AuEq) ounces.
- Average AuEq grade of Indicated MRE is 7 times higher than the cut-off grade, demonstrating excellent potential for future economic extraction (Table 2).
- Indicated mineralization is largely associated with the individual vein zones, whereas the Inferred is associated with the broader Veinlet Domain (please see Figure 1).
- This MRE is based on potential open-pit extraction – an MRE based on potential underground mining is in preparation and will be reported in the coming months.
- South Zone is just one of the many known mineralized zones on the Shovelnose Gold Property.
- Shovelnose is situated off a major highway, near grid power, rail, large producing mines, and within easy commuting distance from the City of Merritt.
CEO and President, Gareth Thomas, said this first Mineral Resource Estimate on the Shovelnose Gold Property has provided a starting inventory of over a million ounces of gold from the first of multiple mineralised zones.
“It is important to highlight that 75% of this Mineral Resource is in the Indicated classification and grades 2.47 g/t AuEq. Our technical team sees significant Mineral Resource expansion potential along this key trend.
“The 2022 expansion and exploration drill programme will begin shortly, focusing on the FMN Zone, where high-grade gold mineralisation (15.97 metres of 9.15 g/t Au) was intersected in drilling last year.
“Targeting new discoveries on undrilled exploration targets within this large, underexplored property will also remain a key focus going forward.”
For further information please visit: https://www.westhavengold.com/
