Northaven Resources Corp.
TSX VENTURE : NTV

Northaven Resources Corp.

November 10, 2011 14:53 ET

Northaven Announces Exciting Geophysical Results for Its Allco Gold-Silver Property and Investor Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) is pleased to announce that interpretation of leading-edge ZTEM airborne geophysical survey data on its Allco Gold-Silver property from Condor Consulting of Lakefield, Colorado.

The ZTEM data, as interpreted, confirms a strong correlation between the six known mineralized surface showings on the Company's 13,000 hectare Revelstoke property, and three or more pronounced sub-surface conductive linear events (linears) which extend over large distances.

The most westerly linear (West Linear), which transects the property for a distance of over 16 kilometers, correlates the location and relationship of the Huacan J&L showing (6,905,800 tonnes measured+indicated+inferred containing 1.27 million ounces gold, 12.98 million ounces silver, 3.39% zinc and 2.18% lead; 43-101 compliant Report dated June, 2011) located 3.2 kilometers northwest of the Allco Property with the former Mastodon Mine (15,322 tonnes produced of 6.2 grams silver, 9.5 % zinc, and 0.5% lead,), the Lead King, the Big Slide and the Slide #3 showings, all of which are located within the Allco Property. All of these polymetallic (gold, silver, lead, zinc and copper) showings appear to be formed by two successive mineralizing pulses, with first being a lead-zinc-silver pulse, and all appear to be strongly associated with the geophysical anomaly.

The easternmost linear (East Linear), which transects the property for over a distance of 11 kilometers, correlates the location and relationship of the former Stannex Mine (651,200 tons, 65 g/t silver, 1.1% copper, 1.26% zinc and 2.66% lead) and Woolsey (Regal Silver) Mine with the Allco Silver Workings (213 tonnes of concentrates grading 1.61.g/t gold, 1,637.1 g/t silver and 36.69% lead) and indicates a number of prospective targets in the extension of the linear north of the Allco Silver and in a wide zone of apparent conductivity west of the area between the Stannex Mine and the Allco Silver Working.

Running in a slightly northeasterly direction and transecting the Property over a distance of about 7 kilometers is a third (Central) linear which has not been identified at surface.

All three linears appear to have a correlation with a mapped magnetic pseudo-isosurface at depths of 1- 4 kilometers, which may represent either the surface of an intrusive event or the surface of the plumbing system that delivered polymetallic mineralization to the various showings. All of the known showings have a definite spatial relationship to this pseudo-surface. There are a large number of similar occurrences of that spatial correlation in the Central and Eastern linears that have not been tested.

The quality of the geophysical information provided by the Geotech ZTEM system, as interpreted, has provided the Company with a significant number of good quality anomalies that possess large volumetric potential in close proximity to areas of known mineralization. The Company will be following up this interpretation with a vigorous program of prospecting and drilling in the new year.

The Company plans to host a web-based dial-in conference call with Ken Witherly of Condor Consulting to review this data in more detail on Thursday, November 10, 2011 at 2:00 PST. To register, click on this link: http://www.northavenresources.com/allco-results/ and follow the instructions on the webpage.

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 certain 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.

Quote: "Geo-tech's leading-edge technology, combined with Condor's processing and interpretation ability, lets us look up to 2000 meters below the surface," says Malcolm Fraser. "What we see confirms much of what we previously suspected about this property, and also helps answer a number of questions about the possible plumbing system that gave rise to the mineralization at surface."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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