Westhaven Ventures Inc.

Published : April 03rd, 2013

Corporate Update: Westhaven To Drill Shovelnose And Ben Gold Properties In 2013

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Antimony | Diamond | Gold | Silver |

Corporate Update: Westhaven To Drill Shovelnose And Ben Gold Properties In 2013

April 3, 2013

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

"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.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

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$ 19.7 millions as of today (US$ 15.5 millions, € 13.8 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Westhaven Ventures Inc.
10/21/2013Westhaven Announces Non-Brokered Private Placement
6/7/2013Westhaven Closes Private Placement
5/16/2013$200,000 Non-Brokered Private Placement Fully Subscribed
10/9/2012Announces Non-Brokered Private Placement
Project news of Westhaven Ventures Inc.
10/22/2013Commences Inaugural Drill Program on its Ben Gold Property
9/17/2013Corporate Update: Westhaven To Drill The Ben Gold Property
6/26/2013(Shovelnose)Completes First Phase Of Drilling On Its Shovelnose Gold Pro...
6/3/2013(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
11/13/2012(Shovelnose)Commences Drilling On Its Shovelnose Gold Project
7/24/2012Completes Initial Work Program On Its Ben Gold Property And ...
5/29/2012Commences Work On Its Ben Gold Property
2/28/2012Westhaven To Acquire 100% Of B.C. Gold Exploration Property
10/13/2011(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
Corporate news of Westhaven Ventures Inc.
5/2/2016(Shovelnose)Westhaven To Drill Shovelnose And Prospect Valley Gold Prope...
11/13/2013(Shovelnose)Provides Exploration Update; Assays 16 G/T Gold in Grab Samp...
8/20/2013Shareholders Approve All Motions Put Forth at AGM
7/30/2013(Shovelnose)Expands Zone of Gold-Silver Mineralization on its Shovelnose...
4/3/2013(Shovelnose)Corporate Update: Westhaven To Drill Shovelnose And Ben Gold...
1/9/2013(Shovelnose)Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its Shovelno...
1/31/2012(Shovelnose)Westhaven Reports Results From Initial Drill Program At Shov...
1/11/2012(Shovelnose)Westhaven Stakes Additional Claims At Shovelnose
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.375
12/07 15:56 -0.030
Prev close Open
0.400 0.390
Low High
0.370 0.390
Year l/h YTD var.
0.375 -  0.870 -57.87%
52 week l/h 52 week var.
0.375 -  0.890 -53.70%
Volume 1 month var.
78,280 -21.88%
24hGold TrendPower© : -24
Explores for Gold
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 6.80+3.27%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.47+1.65%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.08+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 0.93-1.06%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.98-4.85%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 3.35+0.30%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.71+3.18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.44+5.95%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.16+3.13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.65+8.16%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 45.12+6.52%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.03-9.38%Trend Power :