Westhaven Expands Zone of Gold-Silver Mineralization on its Shovelnose Gold Property
July 30, 2013 — Vancouver, B.C (Source: Westhaven Ventures Inc.) — Westhaven Ventures Inc. (TSX-V:WHN) reports drill results from its 18,412 hectare 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 6 holes, totaling 1043 metres (3,422 feet) of diamond drilling.
The purpose of this work program was to further expand and outline the extent of the newly recognized epithermal gold system present on the property. Limited drilling to date has outlined an area of gold-silver mineralization which continues to be expanded in areal extent to at least two kilometres long east-west and 100 metres north-south and is open in all directions. To date Westhaven and optionor Strongbow Exploration Inc. have found high grade float grading up to 119 g/t Au (Gold) and 273 g/t Ag (Silver), high grade veins in trenching up to 66 g/t Au and wide low grade alteration zones typical of epithermal gold deposits.
Results have expanded a highly anomalous silicified zone or cap discovered last year when a sub horizontal near surface zone, grading 0.54 g/t Au and 4.77 g/t Ag over 50 metres was intersected. This season’s drilling has intersected similarly anomalous gold over similar widths 80 metres to the south. The most notable hole in this area was SN13-06 which intersected 50 metres grading 0.24 g/t Au and 2.32 g/t Ag, including 27.0 metres grading 0.35 g/t Au and 3.21 g/t Ag. Other holes drilled into this widespread silicified area were also very anomalous over similar thicknesses.
* 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 next phase of work will endeavour to further extend the area covered by this auriferous silica cap with a view to finding the feeder to the system which could lead to the discovery of higher grade material often associated with it. ” This work program 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, 20 drill holes (2 were abandoned in overburden) have been diamond drilled for a cumulative total of 2,427 metres, in three separate target areas. Gold and silver mineralization, associated with quartz veining and silicification, has been encountered in all 18 holes. In addition, there is evidence of a significant mineralized alteration system within the property.
The 18,412 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 604-681-5555 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. 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.
Get our daily investorintel update
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>