Northaven Stakes Additional Claims After Receiving Geophysical Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/01/11 -- 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: .
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
604 696-3608
Northaven Resources Corp.
Allen Leschert
CEO
604 696-3600
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2011 - 17:43 Uhr
Sprache: Deutsch
News-ID 93212
Anzahl Zeichen: 1867
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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