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Rockhaven Resources
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Rockhaven Resources
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Rockhaven Resources Acquires Three New Gold Projects
June 17, 2009 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is very pleased to announce that it has acquired 100% interests in the Kluane, Gladstone and JPR gold properties in the Ruby Range of southwestern Yukon. These acquisitions further strengthen the Company’s already impressive gold and silver property assets.
The Kluane property is located 50 km north of Haines Junction and covers a 36 sq km area. The Alaska Highway lies 27 km southwest of the property and a major hydroelectric generating station is situated 33 km to the east. Numerous native gold and arsenopyrite bearing quartz-carbonate vein zones have been discovered on the property. The mineralized zones include discrete fault-bounded veins and broader complexes of sheeted veins and veinlets with well developed alteration halos. The known zones are usually associated with north trending recessive topographic linears, which are quite evident on ridges. Very little exploration has been done in the adjacent valley bottoms.
Previous work on the claims has identified large areas of strongly anomalous gold and arsenic soil geochemical values. Follow up prospecting and widely spaced excavator trenching within these anomalous areas have discovered several vein exposures and mineralized float trains. More discoveries are anticipated because most of the property is covered by thick till or felsenmeer, and many of the soil geochemical anomalies are unexplained.
Mineralized veins have returned assays between 3 and 60 g/t gold across widths of 0.35 m to 0.85 m while the surrounding wallrocks have yielded assays between 0.2 and 1.0 g/t gold across widths of 1 to 3 m on either side of the veins. Chip samples across mineralized exposures average 3.85 g/t gold over 2.76 m, with the best assay returning 7.36 g/t gold over 9.5 m. Outcrop and float specimens containing native gold have been found in various parts of the property, and samples of this material have returned between 30 and 193.6 g/t gold. Some of the mineralized zones and soil geochemical anomalies have been partially tested by limited diamond drilling, with the best intercept returning 5.32 g/t gold over 2.75 m. Previous exploration has tested only a small portion of this very large property and potential for further discoveries is high.
The Gladstone property covers a 13 sq km area located immediately south of Gladstone Creek, a placer stream that has produced over 40,000 ounces of gold. The property is road accessible and lies in a geological setting that is similar to the Kluane property. Only limited prospecting and silt sampling have been conducted to date on these claims, but the work has returned encouraging results.
Rockhaven acquired 100% interests in the Kluane and Gladstone properties by making a $100,000 cash payment. The vender retains a 1% net smelter return royalty on production from the claims. One-half of the royalty can be purchased for $500,000.
The JPR property was acquired by Rockhaven through staking and is wholly owned with no underlying royalties. The property covers a 16 sq km area that hosts very strong gold-in-silt geochemistry. Productive placer gold operations are situated downstream of the property.
“The Kluane, Gladstone and JPR properties are a very nice addition to Rockhaven’s portfolio and will give the Company a substantial foothold in an under explored gold belt that hosts high grade showings and numerous placer gold deposits” says Rockhaven’s CEO Matt Turner. “Exploration logistics are good with key infrastructure located relatively close to the properties.”
The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.
Rockhaven Resources Ltd. is a strongly managed Canadian mineral exploration company focused on growth through the acquisition of advanced stage projects.
For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit the Company’s website at www.rockhavenresources.com or contact:
Matthew Turner, CEO
Rockhaven Resources Ltd.
T: 604-688-2568
mturner@nordacres.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
The Kluane property is located 50 km north of Haines Junction and covers a 36 sq km area. The Alaska Highway lies 27 km southwest of the property and a major hydroelectric generating station is situated 33 km to the east. Numerous native gold and arsenopyrite bearing quartz-carbonate vein zones have been discovered on the property. The mineralized zones include discrete fault-bounded veins and broader complexes of sheeted veins and veinlets with well developed alteration halos. The known zones are usually associated with north trending recessive topographic linears, which are quite evident on ridges. Very little exploration has been done in the adjacent valley bottoms.
Previous work on the claims has identified large areas of strongly anomalous gold and arsenic soil geochemical values. Follow up prospecting and widely spaced excavator trenching within these anomalous areas have discovered several vein exposures and mineralized float trains. More discoveries are anticipated because most of the property is covered by thick till or felsenmeer, and many of the soil geochemical anomalies are unexplained.
Mineralized veins have returned assays between 3 and 60 g/t gold across widths of 0.35 m to 0.85 m while the surrounding wallrocks have yielded assays between 0.2 and 1.0 g/t gold across widths of 1 to 3 m on either side of the veins. Chip samples across mineralized exposures average 3.85 g/t gold over 2.76 m, with the best assay returning 7.36 g/t gold over 9.5 m. Outcrop and float specimens containing native gold have been found in various parts of the property, and samples of this material have returned between 30 and 193.6 g/t gold. Some of the mineralized zones and soil geochemical anomalies have been partially tested by limited diamond drilling, with the best intercept returning 5.32 g/t gold over 2.75 m. Previous exploration has tested only a small portion of this very large property and potential for further discoveries is high.
The Gladstone property covers a 13 sq km area located immediately south of Gladstone Creek, a placer stream that has produced over 40,000 ounces of gold. The property is road accessible and lies in a geological setting that is similar to the Kluane property. Only limited prospecting and silt sampling have been conducted to date on these claims, but the work has returned encouraging results.
Rockhaven acquired 100% interests in the Kluane and Gladstone properties by making a $100,000 cash payment. The vender retains a 1% net smelter return royalty on production from the claims. One-half of the royalty can be purchased for $500,000.
The JPR property was acquired by Rockhaven through staking and is wholly owned with no underlying royalties. The property covers a 16 sq km area that hosts very strong gold-in-silt geochemistry. Productive placer gold operations are situated downstream of the property.
“The Kluane, Gladstone and JPR properties are a very nice addition to Rockhaven’s portfolio and will give the Company a substantial foothold in an under explored gold belt that hosts high grade showings and numerous placer gold deposits” says Rockhaven’s CEO Matt Turner. “Exploration logistics are good with key infrastructure located relatively close to the properties.”
The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.
Rockhaven Resources Ltd. is a strongly managed Canadian mineral exploration company focused on growth through the acquisition of advanced stage projects.
For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit the Company’s website at www.rockhavenresources.com or contact:
Matthew Turner, CEO
Rockhaven Resources Ltd.
T: 604-688-2568
mturner@nordacres.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.