westhaven gold

This profile is part of an investor education campaign. The profile provides detailed information which was sourced and approved by Westhaven Ventures Inc. in order to help investors make better investment decisions. The Company’s support of Investing News Network ensures we can continue to bring you unbiased, independent news and information.

Resource Investing News Featured Stock

Overview

Westhaven Gold (TSXV:WHN) is putting the pieces together for what it hopes will be the next major gold district in British Columbia, based upon an exciting geological trend known as the Spences Bridge Gold Belt (SBGB).

The discovery of placer gold at the confluence of the Nicoamen and Thompson Rivers in 1857 sparked the Fraser River Gold Rush that a year later saw 20,000 gold miners panning the streams of southern British Columbia. While gold panning made some of those early miners rich, the source of the gold was never found. It is this tantalizing goal that is driving Westhaven to develop the 110-kilometer-long SBGB, enabling the company and shareholder value to grow in lockstep.

Led by Grenville Thomas, a Canadian Mining Hall of Famer who is best known for discovering the Diavik diamond mine, Westhaven Ventures has consolidated three properties – Prospect Valley, Shovelnose and Skoonka Creek – which together cover over 330 square kilometers. The relatively unexplored volcanic rocks are considered to be highly prospective for epithermal gold mineralization.

Westhaven Ventures is working on a plan to drill all three properties, with a view to assembling a collection of drill results that will identify the source of the Fraser River Gold Rush that could eventually become the next B.C. gold mine.

“We think this area has been very much overlooked as a potential gold belt and for us we see a lot of prospectivity in it,” says Shaun Pollard, CFO and director. “We’re hoping that at least one of the properties is responsible for the gold that was panned out of these rivers.”

Along with good geology and a management team with deep experience (including the geologist who discovered the Spences Bridge Gold Belt), Westhaven is also exploring in an area with excellent infrastructure. The properties are close to the Coquihalla Highway – a major east-west thoroughfare – rail and power infrastructure, and within close proximity to three major producing mines: Highland Valley Copper, Copper Mountain and the New Afton Mine.

“The access to infrastructure allows us to conduct very low cost exploration. Also, should we make a discovery it lowers the bar with respect to the capital expenditure requirements which could lead to increased project valuations down the line,” said Pollard.

Get access to more exclusive Gold Investing Stock profiles here