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Westhaven Gold
Crux Investor Index
4
–
Market Cap (USD)
16673002
Symbol
TSXV:WHN
OTCQB:WTHVF
Stage of development
Exploration
Primary COMMODITY
Gold
Additional commodities
No items found.
Westhaven Gold is focused on exploration and discovery in the emerging Spences Bridge Gold Belt (SBGB) in British Columbia. The company has a 100% interest in 4 projects totalling 37,000 hectares in this underexplored belt. At the flagship Shovelnose property, Westhaven has made high-grade gold discoveries including intervals such as 12m of 39.42 g/t Au. Shovelnose also hosts an initial maiden resource of 841,000 indicated ounces at 2.47 g/t AuEq and 277,000 inferred ounces at 0.94 g/t AuEq. Based on the geometry and continuity of the mineralized veins, the company sees potential for underground mining at Shovelnose.
In 2023, Westhaven plans to drill test multiple exploration targets across its properties in the SBGB. The drill program is expected to comprise approximately 25,000 metres. To fund this work, the company has a strong cash position with $5.5 million cash on hand plus an additional $2.2 million in exploration tax credits due.
The company's properties are located near infrastructure, highways and cities in southern BC. This provides a strategic advantage enabling low-cost exploration. Insiders own 24% of shares, aligning them with shareholders.
Westhaven represents an exploration opportunity in an emerging Canadian gold belt. With a fully funded drill program, multiple targets, and district-scale upside, the company aims to make further discoveries and create value for shareholders.
Article
No analyst notes