Westhaven Ventures (WHN)

In his opening remarks of the May 31st edition of Discovery Watch, John Kaiser provides some background on the origins of the show and its objectives. Mr. Kaiser explains the show is not investment advice, but is designed to keep a spotlight on the junior resource industry in wake of the bear market that ensued in the group following the 2011 gold peak. In the second segment, he turns his attention to rare earths.

In his April 25th Discovery Watch broadcast, John Kaiser updates news from the emerging Quebec James Bay copper play centred around the Midland Exploration (MD) Mythril discovery. As the market awaits the first drill results from Midland on its Mythril targets, some news surfaced this week from tiny junior 92 Resources (NTY).

Today marks the return of our Sound Bites feature where we will be highlighting distinct commentary and opinions from Howe Street radio and possibly some other sources. To kick things off, we look at recent exploration activity in the Spences Bridge Gold Belt which John Kaiser of Kaiser Research reviewed in his November 1st Discovery Watch.

Click to listen to the interview

Westhaven Ventures (Sunny; WHN) stock soared after it announced on October 17th that it had drilled 17.77 metres of 24.50 g/t gold at its Shovelnose project located in the Spences Bridge Gold Belt of south central British Columbia. That followed an earlier promising hole that was reported on October 2nd. According to Kaiser:

For David Grenville (Gren) Thomas, the big score was the discovery of Diavik by his Aber Resources more than 20 years ago.

Thomas and his partners headed north and got to work in the early days of the staking rush following Chuck Fipke’s 1991 discovery of diamonds in the Northwest Territories. It took a few years, but in 1994 and 1995, Aber discovered the kimberlite pipes that became Diavik, Canada’s second diamond mine. Diavik, still producing, is a joint venture between 60% owner Rio Tinto (RIO*US) and Aber successor Dominion Diamond (DDC) (40%).