VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce that Induced Polarization (IP) and ground magnetic surveys have commenced over and around the newly discovered Certes target at its 41,634-hectare Shovelnose gold property, situated within the prospective Spences Bridge Gold Belt (SBGB), 30 kilometres south of Merritt, British Columbia.
The IP survey, as currently planned, will cover an area of approximately 8.5km2, centred on the Certes 1, 2 and 3 targets that were tested by a total of six drill holes during the fall 2024 program (assays pending). IP coverage will test the 3km strike length of the Certes area, as currently recognized, as well as adjacent features interpreted from mapping/sampling undertaken in 2024 and pre-existing airborne magnetic coverage. Depending on weather conditions and preliminary results, the survey may be expanded to encompass the Corral target, situated about 1.8km southwest of Certes. A ground magnetic survey will be conducted concurrently with the IP work.
As announced in the August 26th, 2024, news release: Certes Trend –Certes is a 3km long concentration of strongly anomalous pathfinder elements in rock and soil samples situated some 8km east-southeast of the Franz-FMN-South Zone along the same geophysical/geochemical corridor. Banded and laminated mercury-bearing chalcedony cobbles and boulders found at surface amongst andesite subcrop at the northwestern end of the current Certes Trend are indicative of near surface low sulphidation epithermal deposits, suggesting preservation of an entire system in the Certes area beneath an andesite cap.
Along with drilling to identify and evaluate potential controlling structures on these three areas along the Certes Trend, each spaced about 1km apart (Certes Targets 1,2, and 3) these geophysical surveys will better define deep seated structures that may have influenced the development of epithermal systems, and to assist in interpretation of the subsurface geology.
Summer/fall 2024 drill campaign
The summer/fall 2024 drill campaign has been completed. All core has been processed and sent to the lab for assay. Once all assays have been received, analyzed and interpreted by our technical team, the company will put out a news release along with the next steps for exploration and drilling in early 2025.
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.
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 61,512 hectares (615 square kilometres) with four 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
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities legislation. These forward-looking statements are made as of the date of this news release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.
Forward-looking statements in this news release may include, but are not limited to, statements with respect to the size, scope and intended objectives of IP and ground geometric surveys at targets on the Company’s Shovelnose project in B.C., the potential for near surface low sulphidation epithermal deposits to exist on the Shovelnose property, the Company’s objective of identifying and evaluating potential controlling structures through drilling and geophysical surveys and interpreting subsurface geology, as well as the timing to determine, approve and announce exploration plans for 2025. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
However, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward- looking statements, except in accordance with applicable securities laws.
Map of IP Coverage Area
A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4360799-11b3-453a-a166-64fa08f2d04d
