Fully Funded For Updated Exploration And Drill Programmes
Westhaven Gold Corp. (TSXV:WHN) has released its drill plans for 2021 at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of Merritt, British Columbia.
“Having closed our US$15 million bought deal financing, plus having qualified for an additional US$2 million Mining Exploration Tax Credit (METC), the company is fully funded for 2021 and well into the 2022 season,” Gareth Thomas, President and CEO of Westhaven Gold said,
“Objectives for 2021 are to find more gold-silver zones on the Shovelnose property, complete a maiden resource at the South Zone, and extend the high-grade mineralisation at the newly discovered FMN and Franz Zones.
“With the financing now complete we’ve requested the assay lab to release all finalized assays. We will release assays once received and interpreted.”
Plans for 2021:
- Drilling resumed on February 4th, 2021 with the first drill focused on extending the gold-silver mineralisation encountered at the newly discovered FMN zone. This drill will carry on trend towards the Franz Zone where 7.78 metres of 14.84 g/t gold and 39.40 g/t silver was encountered last fall.
- A second rig began drilling at the South Zone on February 18th, 2021 and will initially focus on step-out and infill drilling at the South Zone.
- Complete a maiden resource at the South Zone.
- Approximately 40,000 metres of diamond drilling, the majority focused on exploration targets, including those generated from CSAMT and DC Resistivity surveys completed in 2020.
- A large regional exploration program will target features delineated by work performed in 2020 and prior years. Activities will include prospecting, mapping, stream sediment and soil sampling.
- Preliminary metallurgical test work has begun on the South Zone.
