Westhaven Gold (WHN) - Chasing More High-Grade Gold Veins in BC
Matthew Gordon, Ptolemy Capital
5 Months ago
Drill results Westhaven has recently raised $5.175M and discuss how this is being allocated and when. Westhaven is in BC. Shovelnose is the core focus with a high-grade gold discovery made in 2018 and then hit further high-grade intercept in 2020. They are drilling nearly 40,000m this year on top of the 22,000m drilled previously. The current incarnation of the company has spent about $14M on drilling. The company is trying to make a decision as to when they want to put out a resource as they claim to be in several conversations with developers (who may not need a resource). So expect more drilling for the next couple of years! The company will need to raise more money to (+$10M?) so they can carry out their plans.
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