Northaven Resources Corp.

August 16, 2011 14:30 ET

Northaven Commences Geophysical Surveys

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2011) - 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.

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