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Be the first with the news that moves the market- Westhaven Gold (WHN) is gearing up for a diamond drill program at its Skoonka Creek gold property southwest British Columbia
- The company plans to drill an initial 12 holes over a total of 2,000 metres, with work scheduled to begin in late August
- Previous work at the property outlined substantial areas of epithermal alteration and veining which are prospective for gold and silver mineralisation
- Historic drilling by other operators also returned significant results, including 12.8 metres at 20.2 grams per tonne of gold
- Westhaven Gold (WHN) is currently down 1.1 per cent and is trading at C$0.90 per share
Westhaven Gold (WHN) is gearing up for a diamond drill program at its Skoonka Creek gold property southwest British Columbia.
Located in the northern end of the highly prospective Spences Bridge Gold Belt, the property covers a total of 2,784 hectares and was wholly acquired by Westhaven in May 2017, subject to a two per cent net smelter return royalty.
Historic work undertaken by previous operators, including prospecting, mapping, geochemistry, geophysics and drilling, outlined a number of gold zones. The most significant intersections from this previous work included 12.8 metres at 20.2 grams per tonne of gold, as well as 3.31 metres at 26.8 grams per tonne of gold.
Over the course of the upcoming program, Westhaven intends to drill an initial 12 holes over a total of 2,000 metres, with work schedule to begin in late August.
Gareth Thomas, President and CEO of Westhaven Gold, said he looks forward to applying the company’s experience gained at its other assets to the Skoonka Creek property.
“Prior to Westhaven’s discovery of high-grade gold at its 100 per cent owned Shovelnose gold property, the Skoonka Creek gold property had the highest-grade gold drill intercepts across the entire Spences Bridge Gold Belt.
“In 2017, Westhaven identified the JJ-West target which is possibly the continuation of the high-grade JJ Vein zone last drilled in 2007,” he added.
The possible continuation of the JJ Vein zone to the southwest was uncovered during earlier field work, which suggest the presence of a down-dropped fault block that has preserved the upper portions of a wider epithermal system.
In addition, ground and airborne geophysical surveys identified linear magnetic features striking in a similar direction as the main JJ Vein zone, which are thought to be related to further regions of gold and silver mineralised veins.
Westhaven Gold (WHN) is currently down 1.1 per cent and is trading at C$0.90 per share at 2:26pm EDT.
