Westhaven Ventures Inc.

Published : May 02nd, 2016

Westhaven To Drill Shovelnose And Prospect Valley Gold Properties In 2016

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Keywords :   Canada | Diamond | Gold | K Street | Mercury | Molybdenum | Silver | Target |

CORPORATE UPDATE: WESTHAVEN TO DRILL SHOVELNOSE AND PROSPECT VALLEY GOLD PROPERTIES IN 2016

Vancouver, B.C. � May 2, 2016 � Westhaven Ventures Inc. (TSX-V:WHN) is pleased to provide the following corporate update, highlighting plans to drill both the Shovelnose and Prospect Valley gold properties, which are located on the Spences Bridge Gold Belt (SBGB) near Merritt, B.C. Westhaven has over 29,000 hectares within the prospective SBGB, which is situated within a geological and structural setting similar to other significant epithermal gold-silver systems. It is close to existing transportation and infrastructure allowing for cost-effective exploration.

Plans for 2016

  • Drill program on its Shovelnose gold property; focus on narrowing in on a higher-grade feeder zone  
  • Drill program on its Prospect Valley gold property
  • Geophysics, mapping, geochemistry and prospecting programs on both properties

Westhaven is preparing to drill its Shovelnose gold property as soon as conditions permit. Field work will commence on Prospect Valley in June with a view to start drilling in August. Gren Thomas, President & CEO stated, "We are in the process of planning for Westhaven�s busiest field season to date. We are fully permitted on Shovelnose and have definitive drill targets. We intend to drill key targets deeper as previous drilling indicates the potential for higher grade gold at depth.�

Shovelnose Gold Property

The drill program will include approximately 1,500 metres of Diamond drilling to follow up on hole SN12-04 which intersected 50.4 metres grading 0.54 g/t Au and 4.77 g/t Ag, which includes 13.7 metres grading 0.91 g/t Au and 6.65 g/t Ag. Low temperature alteration, including chalcedonic quartz veining, kaolinite clay alteration and elevated mercury and molybdenum (associated with gold and silver mineralization) encountered in the Tower Zone suggests that there is potential for higher grade gold and silver at depth.

Plans are to drill deeper in both the Tower Zone and the newly discovered Alpine Zone to target the boiling zone, a narrower vertical interval of higher grading gold and silver that is generally about 300 to 600 meters thick. To date drilling has not gone deeper than 180 metres vertical. 

Additional Staking

Westhaven has staked an additional 600 hectares, bringing the total property area to 19,012 ha. The new staking covers an area southwest of the Line 6 Zone. Historical prospecting uncovered veining consisting of coarse, cm-scale cockscomb quartz coating open fractures and fault breccia, characteristic of epithermal veins.

Prospect Valley Gold Property

�          Exploration field work: including soil sampling, trenching, prospecting and mapping
�          Build access roads for a subsequent drill program
�          Collect approximately 1,000 soil geochemical samples

Mechanized exploration trenching, prospecting and mapping will commence in June, along with the construction of Diamond drill access trails to prepare for a drill program in August.

Termination of Ben Property Option Agreement

As Westhaven has decided to focus its efforts on the Prospect Valley and Shovelnose gold properties, the Company has terminated the BEN property option agreement.

On behalf of the Board of Directors
WESTHAVEN VENTURES INC.


"Gareth Thomas"

Gareth Thomas, Director

About Westhaven Ventures Inc.

Westhaven Ventures Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose gold, Prospect Valley gold and BEN projects in British Columbia. 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.westhavenventures.com 

Qualified Person Statement

L. John Peters, 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.

1056 - 409 Granville Street Vancouver, B.C. Canada V6C 1T2

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Westhaven Ventures Inc.

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Westhaven Ventures is a gold exploration company based in Canada.

Its main exploration property is SHOVELNOSE in Canada.

Westhaven Ventures is listed in Canada. Its market capitalisation is CA$ 12.1 millions as of today (US$ 8.8 millions, € 8.2 millions).

Its stock quote reached its lowest recent point on January 29, 2016 at CA$ 0.04, and its highest recent level on January 04, 2019 at CA$ 1.41.

Westhaven Ventures has 52 410 000 shares outstanding.

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Financings of Westhaven Ventures Inc.
10/21/2013Westhaven Announces Non-Brokered Private Placement
6/7/2013Westhaven Closes Private Placement
5/16/2013$200,000 Non-Brokered Private Placement Fully Subscribed
10/9/2012Announces Non-Brokered Private Placement
Project news of Westhaven Ventures Inc.
10/22/2013Commences Inaugural Drill Program on its Ben Gold Property
9/17/2013Corporate Update: Westhaven To Drill The Ben Gold Property
6/26/2013(Shovelnose)Completes First Phase Of Drilling On Its Shovelnose Gold Pro...
6/3/2013(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
11/13/2012(Shovelnose)Commences Drilling On Its Shovelnose Gold Project
7/24/2012Completes Initial Work Program On Its Ben Gold Property And ...
5/29/2012Commences Work On Its Ben Gold Property
2/28/2012Westhaven To Acquire 100% Of B.C. Gold Exploration Property
10/13/2011(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
Corporate news of Westhaven Ventures Inc.
5/2/2016(Shovelnose)Westhaven To Drill Shovelnose And Prospect Valley Gold Prope...
11/13/2013(Shovelnose)Provides Exploration Update; Assays 16 G/T Gold in Grab Samp...
8/20/2013Shareholders Approve All Motions Put Forth at AGM
7/30/2013(Shovelnose)Expands Zone of Gold-Silver Mineralization on its Shovelnose...
4/3/2013(Shovelnose)Corporate Update: Westhaven To Drill Shovelnose And Ben Gold...
1/9/2013(Shovelnose)Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its Shovelno...
1/31/2012(Shovelnose)Westhaven Reports Results From Initial Drill Program At Shov...
1/11/2012(Shovelnose)Westhaven Stakes Additional Claims At Shovelnose
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