Management / Insiders / Directors 25%
Plethora Precious Metals Fund 10%
Merk Investments 4.4%
Franklin Advisors 4.4%
Gold 2000 1.7%
Management Ownership – 25%
Sean Thompson, Vice President Corporate Development & IR
Sean Thompson has over 10 years experience in the mining industry. He recently acted as the Director Investor Relations for Atlantic Gold Corporation, up until the acquisition of Atlantic by St Barbara Ltd. Mr. Thompson was responsible for managing the investor relations program at Atlantic from his appointment in 2016 to the closing of the transaction with St Barbara Ltd. Prior to Atlantic, Mr. Thompson acted as the Investor Relations Manager for Kaminak Gold Corporation, up until the acquisition of Kaminak by Goldcorp. Mr. Thompson earned his MBA from Dalhousie University.
Sept 14, 2002: Westhaven Arranges Financing Package With Franco-Nevada Corporation
Sept 8, 2022: Westhaven Drills 30.58 Metres of 1.06 g/t Gold and 4.09 g/t Silver and 21.90 Metres of 1.84 g/t Gold and 4.79 g/t Silver at FMN Zone; Drills 6.00 Metres of 1.23 g/t Gold and 0.48 g/t Silver at Newly Discovered Zone at the Shovelnose Gold Property
Continuation of the ~40,000 metre drill program: Drill test several high priority targets located along the key structure / trend that already hosts a mineral resource estimate of over 1 million ounces of gold.
Update the mineral resource estimate and include new gold zones / new discovery areas.
1) For $0.61 / share or about $77 million market cap investors can own a piece of the newest gold belt in Canada (Spences Bridge Gold Belt), which our technical team thinks is the source of the Fraser River Gold Rush back in 1857 which drew thousands of prospectors to the area.
a. Along with gaining exposure to the new and emerging gold belt investors get 4 very large properties across this belt – 1 of which has already made a significant gold discovery.
b. The Shovelnose Gold Property drilled 17.70 metres of 24.50 g/t Gold and 107.92 g/t Silver in late 2018.
c. The company just released its first ever maiden resource estimate on this property of over 1 million ounces of gold. 75% of which is in the higher confidence indicated category. 95% and 96% Metallurgical recovery and non-refractory. A great start for a maiden resource.
d. This is just the start, we have a drill turning right now on an exciting new zone called FMN where the company reported the highest gold-silver intercept (857.64 gram-metres) ever drilled on the Shovelnose gold property, hole SN22-212 (23m of 37.24 g/t gold and 214.70 g/t Silver) is over 2 kilometres from the heart of the South Zone resource.
e. Our technical team also believe more ounces can be added around the South Zone resource area too. In fact just recently (Tuesday, February 22nd) Westhaven drilled 3.13 Metres Of 45.23 g/t Gold and 195.64 g/t Silver within 8.00 Metres Of 20.22 g/t Gold and 83.97 g/t Silver at the Alpine Zone.
f. We are still very much an exploration story with several targets on this large and underexplored property.
g. Management and Insiders are very aligned with shareholders with 25% ownership and are doing everything in our power to unlock more value for shareholders.
2) We believe this property and new gold belt has the potential to host multi-million ounces in the future similar to the Hishikari Mine in Japan, or Fruta del Norte.
3) We have ~1.5 million cash on hand and an additional $2 million coming back from the government in the form of a tax credit along with a management team that has a track record of exploration and development success.