Check back next Tuesday for an interview with Westhaven management to further elaborate on this news.
Vancouver, B.C. – April 3, 2013 – Westhaven Ventures Inc. (TSX-V:WHN) is pleased to provide the following corporate update, highlighting plans to drill the Shovelnose and BEN gold properties in 2013.
Outlook for 2013
- Fully funded drill program on its Shovelnose gold property; focus on expanding the areas of known gold mineralization
- Inaugural drill program on its BEN gold property
- IP, mapping, geochemistry and prospecting programs on both the Shovelnose and BEN gold properties
- Focus on conducting results driven, well planned exploration programs on the Company´s prospective gold projects
Westhaven is fully funded for the upcoming drill program on its Shovelnose gold property and plans on commencing work as soon as conditions permit. As Gren Thomas, President & CEO stated, “Though exploration is still at an early stage, we believe we are vectoring in on the source of higher grade material in the Tower Zone. Results of a recently completed thin section analysis add validity to Management’s belief that previously drilled zones were high in the system. We are eager to test the full extent of the mineralization.”
Shovelnose Gold Property
The initial work program will include a 3.5 line-kilometre IP (Induced Polarization) survey. Last year´s IP survey 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.
In addition, a total of 800 metres of follow-up diamond drilling will test gold and silver mineralization to depth and along strike of the 2011 holes. Mineralized boulders, grading 6.8 and 119.4 g/t Au, were found within 600 metres south and downslope of the Tower zone. Management feels confident that this next phase of drilling will aid in defining size and scope of gold and silver mineralization in the system.
Additional Staking
Westhaven has staked an additional 458 hectares, bringing the total property area to 18,142 ha. The new staking covers an area on strike and downstream of the Tower Zone, where this past fall, Westhaven drilled 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.
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.
BEN Gold Property Overview
The Ben property is fully permitted for the upcoming drill program which is anticipated to take place later this summer. Prior to drilling, an exploration program including mapping, prospecting and soil geochemistry will be conducted.
The 14,576 hectare property suggests similarities exist between the Main Zone and major gold bearing areas in British Columbia including Atlin and the Bralorne gold camp. There is also similarity in alteration and structure with gold bearing areas of the Motherlode trend of Southern California. All have strong listwanite alteration zones as well as dominant structural trends.
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. 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.