Westhaven Acquires 100% Interest IN the Skoonka Creek GOLD Property __________________________________________________________________________________________
WESTHAVEN ACQUIRES 100% INTEREST IN THE SKOONKA CREEK GOLD PROPERTY
__________________________________________________________________________________________
Vancouver, B.C. – May 24, 2017 – Westhaven Ventures Inc. (TSX-V:WHN) is pleased to report that
it has signed a purchase agreement with Strongbow Exploration Ltd. (Strongbow), a TSX-V listed
company, and Almadex Minerals Ltd. (Almadex), a TSX-V listed company, to acquire 100% of the
2,783 hectare Skoonka Creek gold property, located within the prospective Spences Bridge Gold Belt
(SBGB), British Columbia.
Shaun Pollard, Director & CFO of Westhaven stated, “With the addition of the Skoonka Creek gold
property, Westhaven has 100% of what are arguably the three best properties on the SBGB. It is
management’s belief that the SBGB has district-scale potential to host epithermal gold deposits. The
SBGB is a very underexplored epithermal gold district which is the probable source of some of the
placer gold deposits of the Thompson and Fraser Rivers first discovered in 1857-58. There has been a
limited amount of drilling on this belt since modern exploration began 17 years ago. In 2005,
Strongbow drilled 20.2 grams per tonne (g/t) gold over 12.8 metres (m) at the Skoonka Creek gold
property confirming the presence of high grade epithermal gold mineralization in the SBGB.
Westhaven has identified multiple drill targets and will look to commence exploration once permits
are in place.”
Property Highlights
Road accessible and close to power, rail and major highways.
Over $4.5 million spent to date on prospecting, mapping, soil sampling, geophysics and
diamond drilling.
Significant areas of epithermal alteration and veining which are prospective for gold & silver
mineralization have been outlined.
3,000 metre long by 500 metre wide structural corridor encompassing numerous gold and/or
pathfinder element (arsenic, antimony, mercury, molybdenum) soil and rock geochemical
anomalies.
Multiple high-grade drill intercepts including:
20.2 g/t gold over 12.8m (SC-008)
28.6 g/t gold over 3.31m (SC-007)
7.48 g/t gold over 4.10m (SC-006)
3.39 g/t gold over 4.65m (SC-038)
6.43 g/t gold over 1.2m (SC-039)
Mineralogical, textural and geochemical evidence suggests that mineralization encountered to date
represents the upper portions of a shallowly eroded low sulphidation epithermal system, with good
TSX-V:WHN
potential to discover more consistent and higher gold grades at greater depths. Mineralization
remains open along strike and to depth.
For more information on the Skoonka Creek property please visit:
http://westhavenventures.com/projects/skoonka-creek-gold/details/
Purchase Agreement
Under the terms of the Skoonka gold property purchase agreement with Strongbow and Almadex,
Westhaven will issue 2,000,000 shares on signing to Strongbow and Almadex. In addition, Almadex
shall retain its original net smelter royalty of 2% from production. D. Grenville Thomas, a Director of
Westhaven, is also a Director of Strongbow. Mr. Thomas abstained from the approval of the purchase
agreement and did not participate in the negotiation of the business terms of the transaction. No
finder’s fees were paid with respect to this transaction. The agreement is subject to acceptance by the
TSX Venture Exchange.
The Spences Bridge Gold Belt (SBGB)
Westhaven owns a 100% interest in over 33,000 hectares within the prospective SBGB, which is
situated within a geological setting similar to that of several significant epithermal gold-silver
systems located around the Pacific Rim. The SBGB is a 110-kilometre long northwest-southeast
trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge
Group. Westhaven has been working intermittently on the SBGB since 2011 and believes this
relatively underexplored terrane is highly prospective for economic gold-silver deposits. All of its
properties are close to existing major transportation arteries and other infrastructure allowing for
cost-effective exploration. Westhaven’s management owns approximately 46% of the shares
outstanding.
On behalf of the Board of Directors
WESTHAVEN VENTURES INC.
"Gareth Thomas"
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,
Prospect Valley and Skoonka gold 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.