Westhaven Gold Focused on British Columbia's Emerging Spences Bridge Gold Belt

• Westhaven Gold Corp is focused on the Spences Bridge Gold Belt in southwestern British Columbia.
• Gareth Thomas, the CEO, discusses the company's performance and the challenging market situation.
• The company has been conducting extensive drilling at its Shovelnose gold property, with a budgeted goal of 40,000 meters.
• The drilling results have been positive, with good grades and long intercepts.
• The company is on track for its end-of-year drilling goals, despite facing challenges like wildfires, and plans to release a maiden resource estimate in early Q1

Westhaven Gold Corp is a Vancouver-based junior mining company focused solely on exploring and developing their flagship Shovelnose gold property in the prospective Spences Bridge Gold Belt of southwestern British Columbia. With over 300 square kilometers of mineral claims staked in this emerging gold district, Westhaven is strategically positioned to potentially make new high-grade gold discoveries and build shareholder value.

Intensive Drill Program Advancing Shovelnose Towards Maiden Resource

In a recent interview, President and CEO Gareth Thomas provided insights into Westhaven's exploration progress and drilling results to date. Despite prevailing weakness in gold markets, Thomas remains upbeat on Shovelnose’s potential: "it's a tough interesting time but you know what, maybe there's light at the end of the tunnel.”

Shovelnose is the current centrepiece project, where Westhaven has an intensive 40,000 meter drill campaign underway in 2022. The majority of this year's drilling is concentrated on systematically testing an interpreted high-grade gold vein system within a 600x200 meter area connecting the property's earlier-discovered South Zone and Franz Zones.

Assay results received so far point to long intercepts of lower grade near-surface material in the 0.5-1g/t gold range. This suggests open pit mining potential to recover lower grade ounces. However, bonanza grades were also intersected, like 17 meters at 24.5 g/t gold, as deeper angled drilling successfully tested the structure along trend and at orthogonal angles.

Thomas explained these exceptional high-grade intercepts are key to unlocking the full economic potential of the system. Earlier, shallow drilling likely just skimmed across the tops of mineralized zones. Now, with geologic modeling improving, Westhaven can methodically step out along strike and systematically target the down-plunge continuity of pay shoots.

On Track for Maiden Resource by Year-End 2022

Four recently completed deep directional drill holes are awaiting rush assay results. Positive results could substantially add high-grade gold ounces to the maiden resource Westhaven is targeting for completion by year-end 2022. The fully funded 40,000 meter drill program extends into Q4, with approximately $7 million still in the treasury as of mid-2022.

In addition to total gold ounces, Thomas stresses that delineating the geometry and metallurgical characteristics of mineralization will also factor prominently into future development decisions. The presence of extensive lower grade intercepts point towards open pit potential, while continuity of the high-grade vein(s) will determine if selective underground mining could also be feasible. Westhaven is proactively conducting environmental baseline studies and engaging in consultations with local indigenous groups, gathering crucial information to support permitting and mine planning.

Significant Exploration Upside Remains Across District Scale 300 km2 Land Package

Beyond delineating maiden resources and preparing for potential near-term development at Shovelnose, Thomas also highlights that significant exploration upside remains elsewhere on Westhaven's district scale claim block. For example, the on-property Francois Zone returned notable mineralized intercepts over 2.5km north of South Zone, including 16 meters at 9 g/t gold. Ongoing surface sampling and mapping continue generating many additional untested gold targets across this emerging B.C. gold district.

Opportunistic Investors Take Note

Despite stagnation in gold markets in recent months, Westhaven continues advancing Shovelnose utilizing its strong treasury position. "Anything over half a million ounces I think we'll be doing very well," Thomas stated, expressing confidence in the potential size of the deposit. Patient, opportunistic investors may view the current malaise in junior mining and exploration stocks as a buying opportunity. With experienced leadership, a tight share structure, and the drill bit turning, Westhaven Gold represents a promising speculation in a premier Canadian gold district.