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| November 06, 2014 --- Vol. 08, No. 45 | November 2014
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British Columbia
GOLD – Colorado Resources Ltd. Nov. 5 provided an update to its KSP property which is under an earn-in agreement with SnipGold Corp. KSP is located about 15 kilometers (nine miles) along strike to the southeast of the past-producing Snip Mine and 45 kilometers (28 miles) west-northwest of the KSM (Kerr Sulphurets Mitchell) Camp. Colorado’s 2014 KSP fall exploration program was completed Oct. 3, and included the collection of an additional 530 rock grab, chip and channel samples, 227 soil samples and 791 meters of diamond drilling. Highlights of the program include: Limited drilling at Khyber, which returned 34 meters of 3 grams per metric ton gold including 2.4 meters of 18.1 g/t gold; Lower Khyber channel sampling, which returned 15 meters of 0.76 g/t gold and 0.59 percent copper, Big Rock zone extended to 8.5 kilometers (5.3 miles) in length with surface samples up to 95.1 g/t gold; new gold veins discovered eight kilometers southeast of Khyber with samples up to 35.2 g/t gold; new porphyry and high-grade gold veins discovered 12 kilometers (7.5 miles) southeast of Khyber at Pins with samples up to 88.2 g/t gold; and new geological mapping over 50 square kilometers (19.3 square miles) recognizes the main controls to mineralization and indicates large untested potential in numerous areas on the property. “We had another great month at KSP this fall and were able to get a head-start on the 2015 drill program after receiving our drill permit on Sept. 12. We are very encouraged by our near-surface drill intercept of 3 g/t gold over 34 meters in the Khyber area, previously only thought of for bulk tonnage lower grades and the possibility of linking these high grade zones up to Inel more than two kilometers away. Our technical team’s recognition of the controls to mineralization in the region also has allowed us to make a significant new porphyry discovery at Pins and high-grade gold vein discoveries at Nee and Pins Ridge and continue to expand the significant Big Rock trend,’ said Colorado President and CEO Adam Travis. “These new discoveries demonstrate that KSP is truly one of British Columbia’s premier mineralized belts!”
NICKEL – Westhaven Ventures Inc. Nov. 3 said a high-resolution airborne geophysical survey is underway on its Ben South property, located some 23 kilometers (14 miles) northeast of Williams Lake, B. C. The company said recent grab sample assays of 0.23 percent nickel are evidence this area hosts nickeliferous serpentine similar to the recent discoveries on the Ben property, located about 20 kilometers (12.5 miles) to the north. Westhaven expects the high resolution aeromagnetic survey will help identify magnetite associated with nickel mineralization. Westhaven has engaged Precision GeoSurveys Inc. of Vancouver, B.C. to fly the helicopter-borne aeromagnetic survey over the entire 9,503-hectare (23,482 acres) property. The survey is expected to take 3-5 days and final maps – total magnetic intensity, first vertical magnetic derivative, and digital topographic model maps – will be ready for review shortly after the completion of the survey.
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