Westhaven Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its Shovelnose Gold Property
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| |___________|____________|________|______|__________|________|________| | | | 23.44| 34.49| 11.05| 0.23| 0.65| |and | | | | | | | |___________|____________|________|______|__________|________|________| | | | 39.62| 59.51| 19.9| 0.11| 0.39| | and | | | | | | | |___________|____________|________|______|__________|________|________| |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 | No Significant Results | | |Soil Anomaly| | |___________|____________|____________________________________________|
* 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, 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
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 mm) 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.