The 17,623 ha Shovelnose property is located near the southern end of the Spences Bridge Gold Belt (SBGB), approximately 30 km south of Merritt, British Columbia. The property is accessible by the Coquihalla Highway (BC Provincial Highway #5) at the Coldwater exit, then by a series of logging roads to the northern and southern portions of the property.
The Shovelnose claims cover prospective stratigraphy in the southern SBGB, a 110 km northwest–trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge group. These relatively underexplored volcanic rocks are highly prospective for epithermal style gold mineralization. Low-sulphidation epithermal gold quartz veins occur throughout the range of Spences Bridge Group stratigraphy. Westhaven has a 100% interest in this property subject to a 2% NSR. Westhaven has the option to purchase 1% of the 2% NSR back for $500,000.
Westhaven has drilled 323 holes in just over 123,000 metres of diamond drilling since the companies inception in 2011 and approximately $25 million dollars has been spent on exploration and drilling at the Shovelnose Gold Property.
INITIAL MINERAL RESOURCE ESTIMATE
In January 2022, the company announced the results from its Mineral Resource Estimate (MRE) at its 100% owned 17,623-hectare Shovelnose Gold Property. The initial open-pit constrained MRE reported below (Table 1) is of the South Zone, and was completed by P&E Mining Consultants Inc., based on a total of 145 surface drill holes (56,491 m), 25,920 drill core analyses, 3,302 bulk density measurements, and preliminary metallurgical testwork.
Please see Initial Mineral Resource Estimate News Release dated: January 10th, 2022 here: https://www.westhavengold.com/news-and-media/news/news-display/index.php?content_id=299
Shovelnose South Zone MRE Highlights:
- 791,000 ounces of gold and 3,894,000 ounces of silver Indicated.
- 263,000 ounces of gold and 1,023,000 ounces of silver Inferred.
- 75% of the MRE in the higher confidence Indicated classification: 10.60 million tonnes at 2.47 g/t for 841,000 gold equivalent (AuEq) ounces.
- Average AuEq grade of Indicated MRE is 7 times higher than the cut-off grade, demonstrating excellent potential for future economic extraction (Table 2).
- Indicated mineralization is largely associated with the individual vein zones, whereas the Inferred is associated with the broader Veinlet Domain (please see Figure 1).
- This MRE is based on potential open-pit extraction – an MRE based on potential underground mining is in preparation and will be reported in the coming months.
- South Zone is just one of the many known mineralized zones on the Shovelnose Gold Property.
- Shovelnose is situated off a major highway, near grid power, rail, large producing mines, and within easy commuting distance from the City of Merritt.
For 2022 the Westhaven technical team sees significant Mineral Resource expansion potential along the ~ 4km key structure / trend that currently hosts the initial south zone mineral resource estimate. The 2022 expansion and exploration drill program will begin shortly, focusing on the FMN Zone, where high-grade gold mineralization (15.97 metres of 9.15 g/t Au) was intersected in drilling last year. Targeting new discoveries on undrilled exploration targets within this large, underexplored property will also remain a key focus going forward.
Shovelnose discovery history:
In late 2017, Westhaven discovered a significant gold-bearing vein system, the South Zone. In 2018, we completed 22 holes for a total 8,613 metres of diamond drilling. In 2019, 49 holes for 21,849 metres was drilled.
Significant Drill Intercepts from 2018 & 2021
SN18-12: 1.65m of 175.00 g/t Au and 249.00 g/t Ag
SN18-14: 17.70m of 24.50 g/t Au and 107.92 g/t Ag
SN18-15: 46.90m of 8.95 g/t Au and 65.47 g/t Ag
SN19-01: 12.66m of 39.31 g/t Au and 133.11 g/t Ag
SN19-10: 18.50m of 11.39 g/t Au and 40.21 g/t Ag (Vein Zone 2)
SN19-11: 1.00m of 557.00 g/t Au and 381.00 g/t Ag
SN19-15: 7.11m of 9.42 g/t Au and 69.36 g/t Ag (Vein Zone 3)
SN20-101: New Discovery (Franz Zone) 7.78m of 14.84 g/t Au and 39.40 g/t Ag. at surface
SN21-161: New Discovery (FMN Zone) 15.97m of 9.15 g/t Au and 27.43 g/t Ag
SNR21-04: South Zone (Vein Zone 1) 41.55m of 8.17 g/t Au and 34.64 g/t Ag including 0.45m of 614 g/t Au and 2,070 g/t Ag
Discovery Hole SN18-14: Zone of quartz-adularia veining assaying 24.5 g/t Au, 107.9 g/t Ag over 17.77m. Strongly banded interval in bottom core box returned 50.8 g/t Au and 203.5 g/t Ag over 6.78m (218.0-224.78m).
Between the 19th and 20th centuries the discovery of placer gold 75 km to the northwest of Shovelnose ignited the Fraser and Thompson Rivers gold rush (Balon, 2005). Placer gold was mined from gravel bars on major tributaries in the Ashcroft-Lytton-Lillooet district. In particular, the Nicoamen River, located 23 km northwest from Shovelnose Mountain, played a role in initiating the gold rush in the Merritt region.
In 2011, Westhaven Gold Corp. acquired an option on the Shovelnose gold property from Strongbow Exploration Inc. In the same year Westhaven completed a program including soil (972) sampling, stream silt (28) sampling, rock grab (107) and rock chip (91) sampling, mechanical trenching (146.5 m), and diamond drilling 606m in 7 holes). Drilling tested the Mik (3 holes), Line 6 (3 holes) and Tower (1 hole) showings.
In 2012 Westhaven completed 5.8 line-kilometres (3 lines) of reconnaissance-scaled Induced Polarization and ground magnetic geophysical surveys in the vicinity of the Tower, Mik, and Line 6 showings. Follow-up diamond drilling consisted of 5 holes totaling 778.5 metres. The 2012 drill program tested the Tower zone (holes SN-12-02, 03, and 04), intersecting a zone of intensely silicified, limonite stained rhyolite tuff with pyritized grey chalcedonic quartz flooding. Gold mineralization was encountered in all five drill holes, however, the Tower zone appears to host the largest consistent near surface gold mineralization discovered on the Property to date.
Hole SN-12-04 intersected 106.5 m of very highly silicified breccias with original lithologies and textures mostly obliterated due to the intense silica flooding. Within the 106.5 m long zone of silicification a 53.5 m long zone containing dark grey to black pyritiferous breccia matrix accounted for most of the gold mineralization grading 0.51 g/t Au; 4.6 g/t Ag.
In 2013 Westhaven completed programs consisting of prospecting, geophysical Induced Polarization and ground magnetic geophysical surveys (3.75 line-km on 5 lines) and diamond drilling (8 holes totaling 1,043.0 metres) in the Tower zone area. The main focus of the 2013 drill program was to test extensions of mineralization at the Tower zone.
In 2014 Westhaven completed 6 diamond drill holes totaling 662.5 metres. The drill program was designed to test for extensions and the potential for a possible feeder zone bearing higher grading gold mineralization below or along strike to SN-12-04. One hole was drilled in the MIK showing to possibly undercut gold mineralization discovered during the 2011 drill program.
In 2015 Westhaven completed an airborne Light Detection and Ranging Survey (LIDAR) over an area of 19.5 km2, Induced Polarization (12.75 line-kilometres), VLF-EM (54.94 linekilometres),and ground magnetic (23.45 line-kilometres) geophysical surveys. The most significant discovery was the Alpine showing, a northwesterly trending, moderate intensity resistivity anomaly coincident with a moderate intensity chargeability anomaly, located approximately 450 metres east of the Tower zone that has been defined over a strike length of 1 kilometre. Follow-up diamond drilling consisting of 5 holes totaling 1,408 metres drilled in the Line 6 (2 holes), Tower (2 holes), and Alpine (1 hole) zones.
In 2016 Westhaven completed 9 diamond drilling holes totaling 1,902 metres. Three holes were drilled into the Tower zone in an attempt to ascertain the geometry of possible feeder zones to the upper lower-grading gold mineralized tuffs and six holes tested the Alpine Zone IP chargeability anomaly.
In 2017 a ground magnetics survey was completed over the Tower and Alpine Zones. A northeast trending linear magnetic low was noted truncating the southern extent of the chargeability anomaly.
Drillholes 17-06 and 17-07 targeted the linear magnetic anomaly (Figure 6). Drillhole 17-06 (Az 110°, Dip -50°) was collared 210 metres southwest of drillhole SN16-02. Drilling intersected an upper unit of silicified rhyolite tuff to 266 metres depth, underlain by heterolithic, welded, and rhyolite tuffs to 447 metres depth which were underlain by andesites and basalts to 506 metres depth. Although west dipping quartz veining was noted from bedrock surface to 477 metres depth, gold mineralization was most prominent within the upper rhyolite tuffs averaging 0.52 g/t Au and 1.4 g/t Ag over 85.0 metres (Figure 11). Within this zone higher grading intervals include 1.02 g/t Au and 2.5 g/t Ag over 17.0 metres.
Drillhole 17-07 (Az 110°, Dip -50°) was collared 120 metres northeast of 17-06. Drilling intersected silicified rhyolite tuffs from bedrock surface to 293 metres depth, underlain by heterolithic tuffs to the end of the hole at 431 metres depth (Figure 12). Numerous steeply dipping basalt dykes were intersected near the bottoms of both 17-06 and 17-07. Similar to 17-06, west dipping quartz veining was noted throughout the hole and gold mineralization was most prominent within the near surface silicified rhyolite tuffs averaging 0.29 g/t Au and 1.1 g/t Ag over 101.0 metres. Within this area higher grading zones include 2.48 g/t Au and 5.4 g/t Ag over 5.7 metres.