Northaven Stakes Additional Claims After Receiving Geophysical Results
01 Dezember 2011 - 6:43PM
Marketwired
NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) is pleased to announce
that, in light of favourable results from the previously announced
airborne geophysical program on its Allco Property, it has acquired
by staking an additional 11 mineral claims incorporating 5,358.34
hectares, increasing the size of the Allco Property to 18,580.27
hectares. These additional claims cover extensions to geophysical
trends identified in Northaven's recently completed 1,354 line km
ZTEM airborne geophysical survey.
The ZTEM system is an electromagnetic (EM) prospecting system
built and operated by Geotech Ltd. that measures changes in
naturally occurring magnetic fields in the Afmag range (30-720 Hz).
The ZTEM results can help map changes in the earth's subsurface
conductivity to depths in the range of 1.5-2 km. The ZTEM technique
is both well suited to mapping conductive zones in the earth and as
well resistive geology such as zones of alteration-induced
silicification. As a natural fields technique, ZTEM can maintain an
excellent depth of investigation even in areas of extreme
topography such as characterizes much of the Allco Property.
Overall, the ZTEM system was deemed to be the optimum geophysical
technique to help define zones of possible conductive
mineralization or resistive silicification, including possible
SEDEX gold and silver deposits of the type being explored for at
Allco. The magnetic data concurrently acquired during the ZTEM
survey can provide complementary information to the EM data about
geology, structure and potential mineralization.
A preliminary assessment of the ZTEM survey shows that the Allco
Property hosts an extensive network of EM and magnetic responses
that form both linear trends and discrete features. While the
majority of the EM responses appear to have a shallow character
(but locally extend to depth) the magnetic responses by and large
appear deeper. This suggests the magnetic results could represent
intrusive rocks that underlie that sedimentary package mapped at
surface. Assuming this relationship to be correct, then these
interpreted intrusive rocks could also be the source of the heat
and fluids that has introduced mineralization into the sedimentary
rocks.
There is a strong spatial relationship between the ZTEM-derived
EM and magnetic trends and the known historic mines and mineralized
showings within the survey area. This suggests that the known
mineralized zones are occurring along what are likely major fault
systems that extend from the surface to depth where they intersect
the postulated intrusive bodies as defined by the magnetic results.
Approximately 3.2 km north of the Allco Property but within the
ZTEM survey area lies Huakan's J&L deposit (measured, indicated
and inferred resources announced at 1.27m oz Au; 15 m oz Ag). This
deposit lies adjacent to EM and magnetic trends that can be traced
back onto the Allco Property which indicates the significant extent
of the overall mineral system that has been mapped by the ZTEM
survey.
Following the final assessment of the ZTEM survey results,
Northaven will then incorporate these outcomes with their
geological and geochemical results from the property and define a
follow-up program of prospecting, geochemistry and geological
mapping and possible drilling, subject to financing.
A video of the investors webinar call discussing results of the
Allco ZTEM survey is available for viewing on Northaven's YouTube
channel and on the Northaven's website, and can be accessed with
the following link:
http://www.northavenresources.com/news/2011/11/21/airborne-results-for-allco-webinar.html.
On behalf of the Board of Directors of NORTHAVEN RESOURCES
CORP.
Malcolm B. Fraser, President
This news release has been reviewed with respect to geophysical
information by Ken Witherly,P. Geoph., an independent Qualified
Person under National Instrument 43-101. All other technical data
herein is based on information contained in technical reports or
summaries prepared by independent third parties which has not been
independently verified by the Company, and which remains subject to
confirmation by subsequent exploration. This news release may
contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements
involve inherent risks and uncertainties and are subject to
factors, many of which are beyond the Company's control, that may
cause actual results or performance to differ materially from those
currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Northaven Resources Corp. Malcolm Fraser President 604
696-3608malcolm@northavenresources.com Northaven Resources Corp.
Allen Leschert CEO 604
696-3600allen@northavenresources.comwww.northavenresources.com
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