Northaven Commences Geophysical Surveys
August 16 2011 - 1:30PM
Marketwired
NORTHAVEN RESOURCES CORP. (TSX VENTURE: NTV) is pleased to announce
that it has contracted with Geotech Limited of Aurora, Ontario to
fly helicopter airborne geophysical surveys, incorporating
Geotech's proprietary ZTEM afmag system for its Allco and KSB
properties.
The Allco survey will comprise 1,354 line kilometers of data
acquisition with flight line spacing of 200 meters and will cover
all known mineralized silver and gold sulphide occurrences within
the 13,000 hectare property area, as well as the adjoining J&L
property lying to the northwest. The Allco area lies approximately
27 kilometers north east of Revelstoke, BC.
The King Solomon Basin ("KSB") survey will comprise 350 line
kilometers of data acquisition, with flight line spacing of 200
meters and will cover all eight (8) known mineralized gold sulphide
occurrences within the 782 hectare property area. The KSB property
lies approximately 21 kilometers southeast of Port Alberni on
Vancouver Island, BC.
The ZTEM or Z-Axis Tipper Electromagnetic system is an
innovative airborne EM system which uses the natural or passive
fields of the Earth as the source of transmitted energy. This
system has demonstrated:
-- Superior Exploration Depth - over 1,500 meters in the Athabasca Basin
-- Low Frequency for penetration through ground cover
-- High Spatial Resolution - 8-10 meters anomaly sizing
-- Excellent resistivity discrimination and detection of weak anomalies
The Company anticipates that detection of identifiable EM
signatures over areas of known mineralization will assist in
identification of previously undetectable mineralized zones both
near surface and at depth. The ZTEM System is sensitive to
lineations caused by tectonic events which appear to be related to
mineralizing events in both areas.
The Company is focused on exploration for gold and silver
targets within British Columbia that have the potential to host
mineralization in excess of one million ounces of gold or silver
equivalents.
On behalf of the Board of Directors of NORTHAVEN RESOURCES
CORP.
Malcolm B. Fraser, President
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 Northaven's
control, and 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 malcolm@northavenresources.com Northaven Resources Corp.
Allen Leschert CEO 604 696-3600 allen@northavenresources.com
www.northavenresources.com
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