Westhaven Ventures Inc.

Published : June 03rd, 2013

Commences Drilling On Its Shovelnose Gold Property

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Keywords :   Antimony | Diamond | Gold | Mercury | Silver |
TSX-V:WHN

Westhaven Commences Drilling On Its Shovelnose Gold Property

June 3, 2013

Vancouver, B.C. � June 3, 2013 � 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"

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. 

Westhaven Ventures Inc.

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CODE : WHN.V
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Westhaven Ventures is a gold exploration company based in Canada.

Its main exploration property is SHOVELNOSE in Canada.

Westhaven Ventures is listed in Canada. Its market capitalisation is CA$ 11.5 millions as of today (US$ 8.4 millions, € 7.9 millions).

Its stock quote reached its lowest recent point on January 29, 2016 at CA$ 0.04, and its highest recent level on January 04, 2019 at CA$ 1.41.

Westhaven Ventures has 52 410 000 shares outstanding.

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Financings of Westhaven Ventures Inc.
10/21/2013Westhaven Announces Non-Brokered Private Placement
6/7/2013Westhaven Closes Private Placement
5/16/2013$200,000 Non-Brokered Private Placement Fully Subscribed
10/9/2012Announces Non-Brokered Private Placement
Project news of Westhaven Ventures Inc.
10/22/2013Commences Inaugural Drill Program on its Ben Gold Property
9/17/2013Corporate Update: Westhaven To Drill The Ben Gold Property
6/26/2013(Shovelnose)Completes First Phase Of Drilling On Its Shovelnose Gold Pro...
6/3/2013(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
11/13/2012(Shovelnose)Commences Drilling On Its Shovelnose Gold Project
7/24/2012Completes Initial Work Program On Its Ben Gold Property And ...
5/29/2012Commences Work On Its Ben Gold Property
2/28/2012Westhaven To Acquire 100% Of B.C. Gold Exploration Property
10/13/2011(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
Corporate news of Westhaven Ventures Inc.
5/2/2016(Shovelnose)Westhaven To Drill Shovelnose And Prospect Valley Gold Prope...
11/13/2013(Shovelnose)Provides Exploration Update; Assays 16 G/T Gold in Grab Samp...
8/20/2013Shareholders Approve All Motions Put Forth at AGM
7/30/2013(Shovelnose)Expands Zone of Gold-Silver Mineralization on its Shovelnose...
4/3/2013(Shovelnose)Corporate Update: Westhaven To Drill Shovelnose And Ben Gold...
1/9/2013(Shovelnose)Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its Shovelno...
1/31/2012(Shovelnose)Westhaven Reports Results From Initial Drill Program At Shov...
1/11/2012(Shovelnose)Westhaven Stakes Additional Claims At Shovelnose
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