Westhaven Commences Summer Program and Provides Exploration Update on Spences Bridge Gold Belt Projects

Core Viewpoint - Westhaven Gold Corp. is initiating summer exploration activities on its four gold projects in the Spences Bridge Gold Belt, with a focus on advancing the Shovelnose property through a 3,000m drilling program starting in June 2025 [1][2]. Company Overview - Westhaven Gold Corp. controls approximately 61,512 hectares in the Spences Bridge Gold Belt, which is recognized for its potential in low sulphidation, high-grade epithermal gold mineralization [16]. - The Shovelnose Gold Project is the most advanced property, with a 2025 Preliminary Economic Assessment indicating a robust underground gold mining opportunity with an average annual production of 56,000 ounces and an after-tax NPV of Cdn$454 million [16]. Exploration Activities - Current field work includes prospecting, mapping, and geochemical sampling across all four properties, with a specific emphasis on discovering and defining gold targets for future drilling [2][3]. - The Skoonka North property is being evaluated for improved bedrock exposures due to forest fires in 2024, and new target areas have been identified at the Prospect Valley property based on stream sediment and soil sample results [4][5]. Drilling Results - Recent drilling at the Certes and Corral targets has confirmed the presence of multiple preserved epithermal systems within the Shovelnose property, indicating a high potential for significant gold mineralization [2][11]. - The winter drilling program at Shovelnose included 4 holes totaling 2,004m, targeting the Certes and Corral areas, with results suggesting the presence of well-preserved epithermal systems [6][10]. Financial Position - The company recently closed a private placement financing of Cdn$4.6 million, positioning it well to advance its exploration and development activities across all four properties [2].