New Franz Zone Gold Discovery Looks Exciting
Westhaven Gold Corp. (TSX-V:WHN) has acquired a number of high-grade grab sample from its newly discovered Franz Zone at its 17,623-hectare Shovelnose gold property in British Columbia.
President and CEO, Gareth Thomas, said the newly discovered Franz vein zone is located approximately ~2.8 kilometres from the high-grade gold discovery at the South Zone.
“This demonstrates we are dealing with a large and robust mineralised system and it is not just limited to the South Zone.
“The Franz Zone was discovered just over a week ago, so we don’t yet know the extent, but this is the most significant mineralized zone discovered on surface at Shovelnose.”
Exploration Manager, Peter Fischl, said grab sampling of outcrop and float was undertaken over a 50 metre by up to 12 metre area oriented east-west over the Franz vein zone, an 80×20 metre outcrop of quartz veined rhyolite oriented at 110/290o azimuth, returned significant gold and silver assays.
“Most notably are the two western most outcrop grab samples, which returned 4.19 g/t gold and 51.1 g/t gold.
“These two grab samples occur over an east-west distance of five metres.
“The Franz vein zone outcrops at an elevation of 1285 metres, and confirms the productive, dominantly rhyolite hosted gold-silver bearing horizon at South Zone is also preserved here. “This outcrop, may represent the northwestward continuation of Vein Zone 1, suggesting a total strike length of at least 3.7 kilometres for the zone. Drilling will be required to confirm this strike continuity. Drilling will commence at Franz shortly.”