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
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.
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, 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.