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Westhaven Ventures Signs Agreement to Acquire Skoonka Creek Gold Property

Westhaven Ventures Inc. is pleased to report that it has signed a purchase agreement with Strongbow Exploration Ltd., a TSX-V listed company, and Almadex Minerals Ltd., a TSX-V listed company, to acquire 100% of the 2,783 hectare Skoonka Creek gold property, located within the prospective Spences Bridge Gold Belt, British Columbia.

Shaun Pollard, Director & CFO of Westhaven stated, "With the addition of the Skoonka Creek gold property, Westhaven has 100% of what are arguably the three best properties on the SBGB. It is management's belief that the SBGB has district-scale potential to host epithermal gold deposits. The SBGB is a very underexplored epithermal gold district which is the probable source of some of the placer gold deposits of the Thompson and Fraser Rivers first discovered in 1857-58. There has been a limited amount of drilling on this belt since modern exploration began 17 years ago. In 2005, Strongbow drilled 20.2 grams per tonne (g/t) gold over 12.8 metres (m) at the Skoonka Creek gold property confirming the presence of high grade epithermal gold mineralization in the SBGB. Westhaven has identified multiple drill targets and will look to commence exploration once permits are in place."

Property Highlights

  • Road accessible and close to power, rail and major highways.
  • Over $4.5 million spent to date on prospecting, mapping, soil sampling, geophysics and diamond drilling.
  • Significant areas of epithermal alteration and veining which are prospective for gold & silver mineralization have been outlined.
  • 3,000 metre long by 500 metre wide structural corridor encompassing numerous gold and/or pathfinder element (arsenic, antimony, mercury, molybdenum) soil and rock geochemical anomalies.

Multiple high-grade drill intercepts including:

  • 20.2 g/t gold over 12.8m (SC-008)
  • 28.6 g/t gold over 3.31m (SC-007)
  • 7.48 g/t gold over 4.10m (SC-006)
  • 3.39 g/t gold over 4.65m (SC-038)
  • 6.43 g/t gold over 1.2m (SC-039)

Mineralogical, textural and geochemical evidence suggests that mineralization encountered to date represents the upper portions of a shallowly eroded low sulphidation epithermal system, with good potential to discover more consistent and higher gold grades at greater depths. Mineralization remains open along strike and to depth.


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