Vancouver - Westhaven Gold Corp. (TSX-V: WHN) is pleased to announce the results from its Mineral Resource Estimate (MRE) at its 100% owned 17,623-hectare Shovelnose Gold Property.
The Shovelnose Gold Property is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of the City of Merritt, British Columbia (Canada).
The initial open-pit constrained MRE reported below 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.
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.
Indicated mineralization is largely associated with the individual vein zones, whereas the Inferred is associated with the broader Veinlet Domain.
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.
Westhaven CEO and President, Gareth Thomas, notes 'This is the first Mineral Resource Estimate on the Shovelnose Gold Property, and we are pleased to report a starting inventory of over a million ounces of gold from the first of multiple mineralized zones. It is important to highlight that 75% of this Mineral Resource is in the Indicated classification and grades 2.47 g/t AuEq. Our technical team sees significant Mineral Resource expansion potential along this key trend. 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.'
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose Project in Canada's newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose Gold Property is situated off a major highway, near power, rail, large producing mines, and within easy commuting distance from the City of Merritt, which translates into low-cost exploration.
Contact:
Tel: 604-681-5558
Web: www.westhavengold.com
WESTHAVEN GOLD CORP. 
