Westhaven Commences Drilling on Its Shovelnose Gold Property
03 Juin 2013 - 7:30PM
Access Wire
Vancouver, B.C. - Westhaven Ventures Inc.
(TSX-V:WHN) is pleased to announce that drilling
has commenced on its Shovelnose gold property, located
approximately 30 km south of Merritt, British Columbia.
2013 Phase 1 Program:
- Drilling: approximately 800 metres of diamond drilling will
test gold and silver mineralization to depth and along strike of
the 2011/2012 drill holes, located between the MIK and Tower zones.
Mineralized boulders, grading 119.4 g/t Au and 6.8 g/t
Au, were found within 600 metres south and downslope of
the Tower zone.
- IP (Induced Polarization) survey: 3.5 line kilometres,
following up last year’s IP survey where it unearthed intriguing
resistivity anomalies, and shows the Tower Zone as a linear near
surface zone trending northwest parallel to strong soil geochemical
anomalies in gold, arsenic and antimony.
“Management feels confident that this next phase of drilling
will aid in defining the size and scope of gold and silver
mineralization in the system. With each successive drill program to
date we've been able to increase the gold grade and we are
optimistic that we are narrowing in on the source of the bonanza
grade gold we are seeing on surface in both float and outcrop
samples,” commented Gren Thomas, President & CEO.
Highlights of 2012 Drilling:
- 50.4 metres grading 0.54 g/t Au
(Gold) and 4.77 g/t Ag (Silver), which
includes 13.7 metres grading 0.91 g/t
Au and 6.65 g/t Ag.
- Identified a broad alteration system, which is interpreted as
evidence of a significant mineralized system within the
property.
- Strong silicification and quartz veining, typical of
epithermal-style gold deposits, has been encountered in the Tower
Zone.
- The silver/gold ratios observed in drill hole SN12-04 increase
with depth and, coupled with the consistently elevated arsenic,
antimony and mercury diagnostic epithermal pathfinder suite
identified in all four Tower Zone drill holes, suggests the
presence of a high level, low sulphidation epithermal gold
system.
Shovelnose Gold Property Overview
To date, 12 drill holes have been diamond drilled for a
cumulative total of 1,384 metres, in three separate target areas.
Gold and silver mineralization, associated with quartz veining and
silicification, has been encountered in all 12 holes. In addition,
there is evidence of a significant mineralized alteration system
within the property.
The 18,142 ha Shovelnose gold property is a gold-silver
epithermal-style exploration target that covers prospective
stratigraphy in the southern Spences Bridge Gold Belt (SBGB), a 110
km northwest-trending belt of intermediate to felsic volcanic rocks
of the Cretaceous Spences Bridge group. Westhaven is currently
working to earn up to a 70% interest in the property from Strongbow
Exploration Inc., a TSX-V listed company.
On behalf of the Board of Directors
WESTHAVEN VENTURES INC.
Gareth Thomas, Director
About Westhaven Ventures Inc.
Westhaven Ventures Inc. is a Canadian based
exploration company focused on the acquisition and exploration of
prospective resource properties. Westhaven is focused on advancing
its Shovelnose gold and BEN projects in British Columbia. Westhaven
trades on the TSX Venture Exchange under the ticker symbol WHN. For
further information, please call 604-681-5558 or visit Westhaven’s
website at www.westhavenventures.com
Qualified Person Statement
L. John Peters, P.Geo., who is a Qualified Person within the
context of National Instrument 43-101 has read and takes
responsibility for this release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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