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Westhaven Files Technical Report in Support of Updated Preliminary Economic Assessment for the Shovelnose Gold Project, British Columbia
VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN...
About this update from Westhaven Gold Corp
[{"type":"text","content":"Westhaven Files Technical Report in Support of Updated Preliminary Economic Assessment for the Shovelnose Gold Project, British Columbia\n\n\n\n VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) --\n \n Westhaven Gold Corp. (TSX-V:WHN)\n \n (“Westhaven”) announces that it has filed an independent technical report pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) supporting the Updated Preliminary Economic Assessment (the “Updated PEA”) for its 100% owned Shovelnose Gold Project, under the Westhaven profile on Sedar+ (\n \n www.sedarplus.com\n \n ). The Company’s news release dated\n \n March 3, 2025\n \n summarizes the positive results of the Updated PEA for the Shovelnose Gold Project, located within the prospective Spences Bridge Gold Belt, bordering the Coquihalla Highway approximately 30 kilometres south of Merritt, British Columbia.\n \n\n The Technical Report, titled “Updated Preliminary Economic Assessment and Mineral Resource Estimate of the Shovelnose Gold Project, British Columbia” was prepared by James L. Pearson, P.Eng., D. Grant Feasby, P.Eng., Yungang Wu, P.Geo., Antoine Yassa, P.Geo., Brian Ray, P.Geo., Jarita Barry, P.Geo., Alexander Partsch, P.Eng., Dipl.-Ing, MBA, William Stone, Ph.D., P.Geo., and Eugene Puritch, P.Eng., FEC, CET of P&E Mining Consultants Inc., Brampton, Ontario (“P&E”), all Independent Qualified Persons as defined by NI 43-101. The technical report includes descriptions of important assumptions, and the justifications for them, made by the Qualified Persons who prepared the Updated PEA, and upon which the Updated PEA results are based. The Updated PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be classified as Mineral Reserves, and there is no certainty that the Updated PEA will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no guarantee that Westhaven will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise, for the Shovelnose Gold Project to be placed into production. The Update...