Northaven Completes Airborne Geophysical Program at Allco Property
August 25 2011 - 12:26PM
Marketwired
NORTHAVEN RESOURCES CORP. (TSX VENTURE: NTV) is pleased to announce
that its geophysical contractor, Geotech Inc. of Aurora, Ontario,
has completed its airborne geophysical survey of Northaven's Allco
property. A total of 1,354 line kilometers were flown using
Geotech's Z-TEM AFMAG system. Northaven expects to receive data
from the survey within the next several weeks after which it will
be in a position to deliver the data to its independent geophysical
consultant for review, interpretation and recommendation.
The 13,000 hectare Allco property contains approximately 15
kilometers of an apparent northwesterly regional trend of
mineralized properties that extends over a distance of more than 65
kilometers. The metamorphosed rocks within this trend are comprised
of metasediments and metavolcanics of early Cambrian age, intruded
by later aged intermediate granodiorites that have hosted several
small to intermediate-sized polymetallic mines containing gold,
silver, copper, lead and zinc in varying proportions.
This 65 km+ trend provides a unique combination of consistent
structural deformation with evidence of one or more mineralizing
events giving rise to a multiplicity of identified mineral
occurrences. This suggests a strong plumbing system that with the
right combination of structural dilatancy and geochemical factors
has already resulted in the emplacement of economic
mineralization.
Northaven anticipates that data from the recently completed ZTEM
survey will enable it to correlate known mineralized occurrences
with previously unidentified targets of anomalous mineralization
and to identify the often subtle geological structures that appear
to control mineralization.
"The combination of geologic events within and adjacent to the
Allco Property makes it a prime exploration target for discovery of
large scale gold and silver deposits", said Malcolm Fraser,
Northaven's President and Chief Geologist. "Completion of the Z-TEM
Airborne program is an important next step in understanding the
geology of the area, and is a critical part of identifying targets
for later drilling."
Northaven is looking forward to reviewing the survey data once
available with its geophysical consultants, and will provide
further updates at that time.
On behalf of the Board of Directors of NORTHAVEN RESOURCES
CORP.
Allen D. Leschert, CEO
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 a number of factors, many of which are beyond
Northaven's control, which 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
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