Westhaven Gold Corp. announced drill results from its drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

Westhaven is reporting assays for 22 holes from its drill campaign at Shovelnose. An additional 10 holes are in the lab pending assays. These recent Franz drill results are significant because, in conjunction with previous drilling, they demonstrate the subsurface continuity of bonanza grade mineralization extending from immediately beneath the exposed bedrock outcrop to a depth of about 60m.

Next steps to establish a resource within this 165m long vein system, and to potentially facilitate the collection of a larger surface sample, would be additional shallow drilling, preliminary metallurgical test work and enhanced environmental baseline studies. Drilling commenced at FMN, working systematically northwest towards the Franz Zone, following up on both high-grade quartz-adularia vein intersections from 2021 drilling (e.g. hole SN21-161: 9.15 g/t Au over 15.97m) and broader intervals of mineralization in breccias containing quartz fragments derived from the veins. Both types of mineralization continue to be intersected and reported by Westhaven throughout the 2022 drill program.

Based on drill results to date, FMN has potentially been drilled off to the northwest, but remains open to the southeast, back towards Tower and Alpine where drilling is at a much coarser spacing and, in a number of cases, may not have been ideally positioned. Multiple high-grade gold shoots are not uncommon in enriched epithermal systems - targeting of the appropriate paleo-elevation depositional horizon and an understanding of structural controls is key to exploration success. Recent interpretation suggests that the Franz Zone, discovered as a surface outcrop and drilled in 2020, may be a fault offset of the FMN Zone.

This increases the potential for additional mineralization to be discovered along the main trend. Drilling at Franz, reported herein as holes SN22-333 (39.42 g/t Au over 12.00m) and SN22-334 (1.09 g/t Au over 50.38m), was designed to test the distribution of mineralization at depth within the vein structure, in conjunction with recent clearing of the original showing.