Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (3064)	3/4/2014 6:05:11 PM
From: Goose94	Read Replies (3) \| Respond to of 202424

Westhaven Ventures (WHN-V) March 4, '14 is providing preliminary assay results from the 2013 drill program at its Ben property, located midway between the Mount Polley and Gibraltar mines, approximately 50 kilometres north of Williams Lake, B.C. The inaugural drill program consisted of three holes, totalling 425 metres (1,394 feet) of diamond drilling. Subsequently the company has staked an additional 746 hectares of prospective geology, bringing the total Ben land package to 15,322 hectares. Highlights from the program include: Assay results from exploratory drill holes confirm both anomalous nickel and gold mineralization. Hole BN13-03 intersected 70.6 metres grading 0.31 per cent nickel and 0.012 per cent cobalt, which includes 30 metres grading 0.38 per cent Ni and 0.013 per cent Co. Hole BN13-02 intersected 15.0 metres of 0.18 per cent Ni starting from surface, including two intervals of 1.5 metres grading 0.59 g/t gold and 2.8 metres grading 0.57 g/t Au. Gren Thomas, president and chief executive officer of Westhaven, stated: "Given the limited drilling to date, we're encouraged to have discovered this near-surface nickel mineralization. A broad zone of alteration and geochemical anomalies can be traced over a distance in excess of 10 kilometres, and we believe the Ben property has the potential to host a significant amount of nickel. A limited induced polarization survey led to the targeting of the discovery hole BN13-03 and this target remains open in all directions. We lost hole BN13-01 before hitting our intended target but we still believe there is a viable gold target to be drilled in the North Ben Creek zone. That being said, we are going to be focusing much of our attention on this new nickel discovery." Drill holes BN13-01 and BN13-02 were designed to test the near-surface projection of the North Ben Creek zone, an area with anomalous gold and pathfinder elements in stream and surface grab samples. Drilling intersected interbedded sequences of mudstones and volcanic breccias. Zones of intense silicification and quartz stockwork containing gold mineralization were encountered in both holes. From bedrock surface to 19.0 metres depth in hole BN13-02, a zone of clay-anhydrite-chlorite alteration in mudstone graded 0.18 per cent Ni over 15.0 metres. BN13-03, located approximately three kilometres to the south of North Ben Creek zone, tested a chargeability target delineated from an induced polarization program completed in 2012. Drilling intersected highly serpentinized ultramafic rocks from bedrock surface to 87 metres depth containing 70.6 metres grading 0.31 per cent Ni and 0.012 per cent Co. Limited analytical, petrographic and microprobe work to date suggests a significant proportion of the nickel occurs as sulphides. Further analytical work to systematically quantify the nickel in sulphides will be undertaken. Field program for 2014 The focus of the 2014 exploration program will be to build upon the nickel and gold mineralization discovered on the property, and determine the size and potential of the metal horizon. This will include airborne geophysics, induced polarization surveys, geological mapping, geochemistry and diamond drilling. Other targets on the property will be examined to determine the extents of the alteration and nickel mineralization. Qualified person statement John Peters, PGeo, 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 per cent passing a 10-mesh (two millimetres) screen. A 250-gram split is then pulverized to 85 per cent passing a 200-mesh (74 microns) screen and a 15 g sample split from the prepared pulp was used for the analysis. All results greater than 100 parts per billion gold were reanalyzed by Acme using its (G601) fire assay with an AAS finish. A quality assurance/quality control program included the lab and field standards.