Westhaven Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its
Shovelnose Gold Property
TSX-V:WHN
VANCOUVER,
Jan. 9, 2013 /CNW/ - Westhaven
Ventures Inc. (TSXV: WHN) is pleased to report drill
results from its Shovelnose gold property, located within the
prospective Spences Bridge Gold Belt (SBGB), approximately 30 km
south of Merritt, British
Columbia. The drill program consisted of 5 holes, totaling
778 metres (2,552 feet) of diamond drilling. Subsequently, the
Company has staked an additional 1,272 hectares, bringing the total
Shovelnose land package to 17,684 hectares (176.84 km²).
Highlights from the program include:
- The 2012 drilling program has expanded low sulphidation gold
mineralization at the Tower showing over a 220 metre
east-west extent, including drill hole SN12-04 which intersected
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.
These gold values are within or peripheral to a zone of
strong silicification which appears to be at least 120 metres
wide. It occurs alongside a zone of brecciation and
faulting, which lies beneath Tower Creek.
- Strong silicification and quartz veining was encountered in the
Tower Zone, tested by holes SN12-02, 03 and 04.
Silicification, typical of epithermal-style gold deposits, was most
extensive in hole SN12-04 close to a major structural
trend.
- 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.
The results from the 2012 drilling are summarized below in Table
1.
Drill Hole |
Zone |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Ag (g/t) |
SN12-01 |
Tower Creek |
No Significant Results |
SN12-02 |
Tower Zone |
4.69 |
60.96 |
56.3 |
0.22 |
0.86 |
SN12-03 |
Tower Zone |
7.62 |
10.66 |
3 |
0.26 |
0.51 |
and |
|
23.44 |
34.49 |
11.05 |
0.23 |
0.65 |
and |
|
39.62 |
59.51 |
19.9 |
0.11 |
0.39 |
SN12-04 |
Tower Creek |
20.9 |
71.32 |
50.42 |
0.54 |
4.77 |
incl. |
|
27.12 |
40.84 |
13.72 |
0.91 |
6.65 |
also incl. |
|
53.03 |
56.08 |
3.05 |
1.27 |
18.61 |
SN12-05 |
Cell Tower Soil Anomaly |
No Significant Results |
* Please refer to the Shovelnose Project page on our website for
further information and drill hole locations.
www.westhavenventures.com/projects/shovelnose_gold_property/
Gren Thomas, Westhaven's
President & CEO, stated, "The discovery of a wide zone of
auriferous silicification in the Spences Bridge Gold Belt, which
contains numerous small, high grade epithermal showings, is very
encouraging. Management feels that the zone tested is high in the
system and that we are close to finding higher grade sections
within the area. We look forward to a very active exploration
season on this very well located project just off the Coquihalla
Highway."
2013 Field Program
The main focus of the 2013 exploration program will be to follow
up on the Tower Zone mineralization and determine the size and
grade potential of the precious metal horizon. This will
include geological mapping, geochemistry, geophysics and diamond
drilling. Other targets on the property will be examined to
determine the extents of the alteration and gold
mineralization.
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 17,684 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"
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.
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. Core samples
were analyzed for a 36-element suite using aqua regia digestion
followed by ICP-MS analyses. Preparation at Acme Analytical
Laboratories Ltd. involves crushing each sample to 80% passing a 10
mesh (2 mm) screen. A 250 g split is then pulverized to 85%
passing a 200 mesh (74 μm) screen and a 15g sample split from the
prepared pulp was used for the analysis. All results greater
than 100 ppb gold were reanalysed by Acme using their (G601) Fire
Assay with an AAS finish. A QA/QC program included the lab
and field standards.
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.
SOURCE Westhaven Ventures Inc.