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Last C$0.07 CAD
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As of 1:12 PM 05/20/15 All times are local (Market data is delayed by at least 15 minutes).

westhaven ventures inc (WHN) Snapshot

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westhaven ventures inc (WHN) Details

Westhaven Ventures Inc., an exploration stage company, acquires and explores mineral properties in Canada. The company explores for nickel, cobalt, gold, and silver. It owns interests in the BEN property covering an area of 15,322 hectares in the Cariboo Mining District of British Columbia; Ben South property, which is located northeast of Williams Lake, British Columbia covering 9,503 hectares; and Shovelnose gold property totaling 18,412 hectares located in Merritt, British Columbia. The company was formerly known as Graig Exploration Inc. and changed its name to Westhaven Ventures Inc. in May 2010. Westhaven Ventures Inc. was incorporated in 1998 and is headquartered in Vancouver, Canada.

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westhaven ventures inc (WHN) Key Developments

Westhaven Commences Work on its Ben South Nickel Property

Westhaven Ventures Inc. announced work has commenced on its wholly owned 9,503 hectare Ben South nickel property, located approximately 23 kilometres northeast of Williams Lake, B.C. and 20 kilometres south of its 15,322 hectare Ben nickel property. The 2014 prospecting program unearthed several new nickeliferous outcrops. Five of the seven surface rock samples chipped from available outcroppings assayed 0.27% nickel (Ni), 0.26% Ni, 0.22% Ni, 0.22% Ni, and 0.21% Ni, strengthening management's belief that magnetic high anomalies are closely associated with nickeliferous serpentinite. The goal of the 2015 program is to identify additional nickel sulphide mineralization that will aid in delineating drill targets. The program will consist of prospecting, mapping and sampling.

Westhaven Ventures Inc. Receives Results of Preliminary Level Metallurgical Test from its Ben Nickel Project

Westhaven Ventures Inc. reported it has received the results of a preliminary level metallurgical test from its wholly owned 15,322 hectare Ben nickel project, located approximately 50km north of Williams Lake, B.C. Westhaven initiated preliminary level metallurgy testing to determine mineralogical characteristics, liberation and nickel deportment from its newly discovered nickel project. Nickel deportment tests were encouraging indicating that 90% of the contained nickel is in the form of the nickel sulphide minerals Heazlewoodite (48%) and pentlandite (42%), whereas the remaining 10% is mainly found in serpentine minerals. Of the sulphide minerals, 44.5% of the nickel was recovered to a rougher concentrate with open circuit recoveries of 16.6% nickel. From this rougher concentrate, a marketable concentrate containing 12% nickel was produced. These results mimic similar responses to other nickel bearing serpentinized bodies. Recoveries are expected to increase as the flotation system is optimized. The metallurgical study was completed on a 50 kg composite sample from the Southern Lobe area of the Ben property. The composite sample was collected from drill hole BN14-19, which intersected 153.7 metres grading 0.18% nickel starting at bedrock surface. The purpose of this test was to determine if the sulphide nickel have discovered thus far can be recovered through traditional flotation methods. Westhaven has completed 3 drill programs for a total of 2,610 metres of diamond drilling. In the most recent phase of widely spaced drilling, every drill hole intersected shallow dipping bodies of serpentinized ultramafics containing nickel-sulphide mineralization. Management believes that very large tonnages of low grade sulphide nickel exist on the property, which is well located and road accessible. This season’s focus will be on finding higher grade nickel as seen at the Skelton Zone in drill hole BN13-03, which assayed up to 0.41% nickel. The company’s focus is to continue exploring the nickel-cobalt mineralization and determine the size potential of the numerous mineralized areas. Program will include: Ground geophysics to outline higher grade zones of nickel sulphide mineralization; Prospecting and mapping; Diamond drilling. The metallurgical test work was conducted by SGS Canada Inc., Burnaby, British Columbia under the supervision of Jake Lang, B.E.Sc., Manager Metallurgy, Metallurgical Operations. Work was completed on a 50 kg composite core sample from the Southern Lobe area of the Ben property. The sample was collected from drill hole BN14-19, which intersected 153.7 metres grading 0.18% nickel starting at bedrock surface. The program included sample preparation, head sample mineralogical characterization, grind calibration, and a series of batch rougher and cleaner tests followed by flotation tests.

Westhaven Ventures Inc. Auditor Raises 'Going Concern' Doubt

Westhaven Ventures Inc. filed its Annual on Apr 23, 2015 for the period ending Dec 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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