NIA is pleased to announce Westhaven Gold (TSXV: WHN) as its latest brand-new gold stock suggestion.
WHN has a current market cap at $0.18 per share of CAD$25.31 million.
As recently as April 7th, 2022, WHN closed at a market cap of CAD$94.65 million.
Back on September 29th, 2020, WHN closed at a market cap of CAD$122.88 million.
Insiders own 24% of WHN and there are no outstanding warrants or any in-the-money options.
WHN has four 100% owned gold projects in Canada’s newest gold district, the Spences Bridge Gold Belt in British Columbia totaling 37,000 hectares. WHN’s flagship Shovelnose Gold Property next to the Coquihalla Highway is 30 minutes from Merritt, B.C. and 2 ½ hours from Vancouver. It is located in close proximity to Hudbay’s recently acquired Copper Mountain Mine.
Earlier this year, WHN discovered bonanza gold grades at Shovelnose by intercepting 12m of 39.42 g/t gold and 51.81 g/t silver in the Franz Zone.
In 2022, WHN made its best intercept at Shovelnose to date when it discovered bonanza gold grades by intercepting 23.03m of 37.24 g/t gold and 209.52 g/t silver in the FMN Zone.
All of WHN's discoveries of bonanza gold grades at Shovelnose since late 2018 were made in zones along the Zone One Trend. WHN believes that the large and underexplored Shovelnose Gold Property has a lot more discoveries to be made in areas off the Zone One Trend.
On September 25th, WHN announced its highest-grade gold intercept off the Zone One Trend by intercepting 3.68m of 17.61 g/t gold and 31.49 g/t silver at the MIK Target Area. WHN said on September 25th that five additional drill holes from the MIK Target Area are pending assays. WHN has additional drill holes from other target areas in the lab for assay and the company is continuing to drill right now!
When WHN launched its first drilling program at Shovelnose in late 2018, and made its first discovery of high-grade gold, WHN rose from $0.16 per share up to a record high of $1.43 per share for a gain of 793.75% in a period of only four months. During the month of October 2018 alone, WHN gained by 345.83% to $1.07 per share on 28.89 million shares of volume at a time when gold was only $1,215 per oz.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from WHN of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.