Westhaven Ventures CFO Shaun Pollard discusses the company’s work on its three high-grade properties on the Spences Bridge Gold Belt.
Westhaven Ventures (TSXV:WHN) CFO Shaun Pollard believes his company has some of the best land claims on the Spences Bridge Gold Belt (SBGB), a 110-kilometer gold belt that runs across the southern region of Canada’s British Columbia province.
In the interview below, Pollard outlines the work the company is doing on its three properties in the region, including the recently acquired Skoonka property, which boasts the belt’s first drilled hole with a grade of 20.2 g/t gold over 12.8 meters. Looking forward, the company is planning for multiple exploration activities across all three properties.
Watch the video below for our interview with Westhaven Ventures CFO Shaun Pollard. Further below is the full transcript, which has been edited for clarity and brevity.
Investing News Network: Please give our investor audience an overview of Westhaven Ventures and its three consolidated gold properties on the SPGB in BC.
Westhaven Ventures CFO Shaun Pollard: Westhaven Ventures was formed with the specific purpose of focusing on early stage grassroots exploration, looking for gold deposits in previously unexplored areas.
Our management team has over 100 years of collective experience. This includes our president and CEO, Grenville Thomas, who is best known as the founder of Aber Resources, which went on to discover and produce on the Diavik diamond mine. Vic Tanaka, one of our directors, also has over 45 years of experience and took part in multiple discoveries. Another director, Gareth Thomas, grew up in the field next to his father, and has over 15 years of exploration experience.
We have added to that team by bringing on Ed Balon and Peter Fischl. Balon brings over 45 years of experience and was recently inducted into the Yukon Prospectors’ Hall of Fame. Meanwhile, Fischl comes to us with 30 years of experience, with his primary focus being epithermal gold discovery in BC, Nevada, Russia and other regions.
Our directors and officers own 40 percent of the 61.7 million shares outstanding, making them significantly invested.
INN: What drew Westhaven to the SBGB region?
SP: Westhaven is the largest claims holder on the SBGB, a 110-kilometer belt of volcanics that runs from north of Princeton, BC to just east of Lillooet, BC.
In the late 1990s, our director, Ed Boland, hypothesized that this unexplored belt had the potential to host epithermal gold mineralization, a theory that he subsequently proved. The first hole on the belt was drilled in 2005 and it presented a high grade of 20.2 g/t gold over 12.8 meters.
We have acquired 33,000 hectares across three stellar properties: Shovelnose, Prospect Valley and Skoonka. These properties were acquired with the help of Bolan’s extensive knowledge of the belt and each one has the potential to host an epithermal gold deposit.
Through drilling or prospecting, each property has demonstrated that it hosts high-grade gold, either at surface or at drill intercepts. The projects also benefit from nearby infrastructure, which translates into low drilling costs of $100 per meter of diamond drilling.
INN: Please tell us about the progress you’ve made in 2017 and what investors should expect for 2018.
SP: The first drill hole on the belt, which showed a grade of 20.2 g/t over 12.8 meters, was on the Skoonka property. We have been interested in this property for some time, and we were finally able to come to an acquisition agreement with the groups that owned it in the second quarter of this year. Since fully acquiring the project, we have had boots on the ground confirming our conceptualized drill targets and identifying several more.
In the last few weeks we have also kicked off a 2,500-meter drill program on our Shovelnose gold property. There are three to four more weeks of drilling to be completed, and we expect to publish results in the new year. We anticipate that these results will be similar to what we have seen on the Skoonka property, showing high-grade potential feature structures at depth.
Looking towards next year, we will have the results from the Shovelnose drill program and will be conducting further exploration activities on the Skoonka property. On top of that, we are also planning the prospecting, mapping and drilling activities to be conducted on the Prospect Valley property.
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