Westhaven Provides an Update From its 2023 Exploration Programs Across the Spences Bridge Gold Belt

VANCOUVER, British Columbia, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) provides an update from its 2023 exploration programs across the Spences Bridge Gold Belt in Southwestern British Columbia.

Gareth Thomas, President & CEO, states: “In 2023, Westhaven completed multiple exploration programs across its properties on the Spences Bridge Gold Belt, which resulted in the identification of several new gold mineralized areas of interest. At the Shovelnose, drilling has outlined a gold mineralized corridor between Line 6, Southeast FMN, and the MIK zones (SN23-360: 3.68m of 17.61 g/t gold) where multiple vein and structures appear to coalesce. As previously seen at the South Zone (SN19-01: 12.66m of 39.31 g/t Au), FMN Zone (SN22-212: 23.03m of 37.24 g/t Au) and Franz Zone (SN22-33: 6.20m of 73.51 g/t Au), areas in which significant zones of veining are near faulting, are prospective for bonanza grades.”

Shovelnose Highlights:

• Percussion drilling of outcrop at the Franz Zone (see below) has returned numerous high-grade assays, including 191 g/t Au and 226g/t Ag.
• New high-grade gold discovery in float (52.9 g/t Au) located 300 metres from Franz.
• Drilling at the Alpine Zone has expanded the broad, low-grade mineralization, intersecting 125m of 0.30 g/t Au and 1.77 g/t Ag.
• Drill Holes SN23-392, SN23-393, SN23-394 and SN23-398 all successfully intersected (though no gold assays of value, multiple metre-wide quartz veins were encountered) a new parallel zone located southwest of Vein Zone 1 between the FMN and MIK zones, that has been traced over a strike length of 300m.
• Expanded vein zone at MIK Zone; remains open in both directions:
  • SN23-367: 1.80m of 3.98 g/t Au and 43.74 g/t Ag including, 0.8m of 8.54 g/t Au and 92.50 g/t Ag.
  • SN23-363: 2.14m of 2.61 g/t Au and 5.34 g/t Ag.
    

Shovelnose Drilling:

Westhaven is reporting assays for the final 37 holes from its 2023 drill campaign at Shovelnose. Please see the map below. For a table of 2023 drill results please click here:

https://www.westhavengold.com/_resources/shovelnose/Shovelnose-Drillin ...

FMN Southeast

Drilling during Fall 2023 at the FMN target was designed to better define Vein Zone 1 in an area of sparser drilling in the southeastern part of FMN (“FMN Southeast”) and to test for localized ore shoots that may have been missed, similar to the bonanza shoots intersected further to the northwest at FMN (e.g., holes SN22-211 and 212). A reinterpretation of 2023 drilling (holes SN23-392 to 394 and 398), together with results from 2022 drilling at FMN now suggests the presence of a subparallel northwest trending splay or parallel structure to Vein Zone 1 situated 50 to 80m to the southwest that had been overshot by the original drilling. This newly recognized vein zone has now been defined over a strike length of 300m and remains open to the southeast. Recent drilling suggests parts of this vein zone may be stronger mineralized than the original Vein Zone 1 at FMN Southeast.