WHN Westhaven Gold Corp

Westhaven Ventures Inc. (TSX VENTURE:WHN) is pleased to announce that it has
signed an option agreement with a private vendor to acquire 100% of the BEN gold
exploration property, located in central B.C. Listwanite (carbonaceously altered
ultramafic rock) associated gold occurs along a major shear zone, and there is
also evidence for epithermal and Carlin-style gold mineralization. Anomalous
gold values in soils up to 650 ppb occur sporadically over a 6 kilometre strike
length and 400 metre width.


"We are excited about this new opportunity and we look forward to drilling the
BEN property this year. Listwanite is well known for its association with
lode-gold mineralization, making it an attractive prospect for exploration. This
acquisition meets our criteria for high potential projects in prospective mining
regions. Westhaven now has two quality projects to drill this coming field
season," stated Grenville Thomas, President and CEO.


BEN Property

The BEN property is located approximately 50 km north of Williams Lake, B.C. and
is easily road accessible. It consists of mineral claims comprising
approximately 13,337 hectares situated in the Cariboo Mining District of British
Columbia. The property was initially staked by a major company in 1984, in
response to a 60 ppb Au silt sample during a large scale regional geochemical
sampling program and was followed up by a 7,800 ppb Au sample from the -40 +60
mesh non-magnetic fraction of heavy mineral sample. The major company never
tested this target as it ceased Canadian exploration in 1985.


Initial work on the BEN property has shown evidence of major deep seated faults
with associated epithermal gold mineralization. Gold enrichment is associated
with quartz-carbonate-mariposite alteration of Cache Creek volcanics with
strength of gold related to silica content. The Main Zone on North Ben Creek
shows several stages of silica flooding quartz veining, and re-brecciation.
In-situ rock samples from the Main Zone quartz-carbonate breccia returned rock
chip results of 220 ppb Au, 573 ppm As, 249 ppm Sb, 1900ppb Hg and 981 ppm Ni.


Strong structural similarity exists between the Main Zone and major gold bearing
structures in British Columbia including the Muddy Lake epithermal gold deposit
in Northern B.C. and the Bralorne gold camp. There is also similarity in
alteration and structure with gold bearing areas of the Motherlode trend of
Southern California. The expectation is that the present structure will extend
for kilometres. There is excellent potential for a significant gold deposit
closely associated with this small exposure.


Upcoming Plans

A summer exploration program is anticipated to include an induced polarization
ground geophysical survey, followed by a diamond drilling program to test the
identified targets. A minimum of $300,000 will be spent on the BEN Property in
2012.


Terms of the Agreement

Westhaven can earn 100% interest in the BEN Property, subject to a 2% net
smelter royalty (NSR) which Westhaven has the option to purchase at fair market
value, by granting the optionor:




--  An initial payment of $10,000 and 100,000 shares; 
--  $20,000 and 150,000 shares on or before 1st anniversary (Optional); 
--  $65,000 and 250,000 shares on or before 2nd anniversary (Optional); 
--  $125,000 and 500,000 shares on or before 3rd anniversary (Optional). 
--  $300,000 in exploration expenditures in the first year of the Agreement
    (firm commitment); 
--  $400,000 in exploration expenditures in Year 2 (Optional); 
--  $600,000 in exploration expenditures in Year 3 (Optional); 
--  $1,200,000 in exploration expenditures in Year 4 (Optional).



The Option Agreement and the issuance of shares are subject to the approval of
the TSX Venture Exchange. Any shares issued pursuant to the agreement will be
subject to a 4 month hold period from the date of issuance.


On behalf of the Board of Directors

WESTHAVEN VENTURES INC.

Gareth Thomas, Director

About Westhaven Ventures Inc.

Westhaven Ventures Inc. is a Canadian based exploration company focused on the
acquisition and exploration of prospective resource properties. Westhaven is
focused on advancing its Shovelnose gold and BEN projects in British Columbia.
The Company has no debt and is well financed. Westhaven trades on the TSX
Venture Exchange under the ticker symbol WHN.


Qualified Person Statement

V.A. Tanaka, P.Geo., who is a Qualified Person within the context of National
Instrument 43-101 has read and takes responsibility for this release.

Westhaven Gold (TSXV:WHN)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025

Westhaven Gold (TSXV:WHN)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025