Klaza Project Overview

PROJECT HIGHLIGHTS

  • 100% Owned By Rockhaven Covering 25,000 Hectares
  • Inferred Mineral Resource Estimate that Includes 9,421,000 Tonnes Grading 4.48 g/t Gold, 89.02 g/t Silver, 0.75% Lead and 0.95% Zinc, and Contains 1,358,000 oz Gold, 26,962,000 oz Silver, 155,417,000 lbs Lead and 197,891,000 lbs Zinc. The Mineral Resource has a Gold Equivalent Metal Content of 1,793,000 oz at a Gold Equivalent Grade of 5.92 g/t.
  • Located In An Historical Mining Camp In Yukon, Canada
  • Road Access To The Property And Only 50 km From Major Highway
  • Exploration Benefits Agreement Signed With Local First Nations
  • Major Diamond Drill And Engineering Program In 2015 Designed To Expand Maiden Resource
  • Metallurgical Testwork Has Yielded Recoveries Of 95.0% Gold, 90.8% Silver, 91.2% Zinc And 84.6% Lead
  • Strong Exploration Potential Across Property Which Hosts Numerous Untested Soil And Geophysical Targets

Klaza Project Overview - Project Map

The Klaza Property is 100% owned by Rockhaven Resources Ltd. and covers an area of 25,000 hectares. It is favourably located within the southern part of Yukon’s Dawson Range Gold Belt, an under explored area that hosts a historical gold mine, rich placer gold deposits and key infrastructure such as road access.

The Klaza property is located 50 km west of Carmacks, Yukon and is road accessible by a two-wheel drive road from the Klondike Highway. Rockhaven’s exploration to date has included over 70,000 m of diamond drilling, 20,000 m excavator trenching; airborne and ground magnetic, radiometric and VLF-EM surveys; and extensive soil geochemistry.

Drilling at the Klaza property has identified nine main mineralized zones and numerous subsidiary structures which have a cumulative mineralized strike length greater than 10 km. The zones are hosted within a 1.8 km wide structural corridor consisting of Mid-Cretaceous granitic country rocks. Individual zones range from 1 to 75 m in width and consist of quartz-sulphide veins, breccias and fracture networks that are spatially associated with unmineralized quartz-feldspar porphyry dykes. They exhibit exceptional lateral and down-dip continuity, and all zones remain open for extension along strike and to depth.

An updated Mineral Resource was prepared by AMC Mining Consultants (Canada) Ltd. and announced on December 9, 2015. This new estimate comprises a total Inferred Mineral Resource of 9,421,000 tonnes grading 4.48 g/t gold, 89.02 g/t silver, 0.75% lead and 0.95% zinc, and contains 1,358,000 oz gold, 26,962,000 oz silver, 155,417,000 lbs lead and 197,891,000 lbs zinc. The Mineral Resource has a gold equivalent metal content of 1,793,000 oz at a gold equivalent grade of 5.92 g/t. Results of this Mineral Resource estimate are summarized below.

 

Klaza Property - Total Inferred Mineral Resource Estimate Summary, December 9, 20151,5

 

Tonnes

(kt)

Grade

Contained Metal

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

Au EQ4 (g/t)

Au (koz)

Ag (koz)

Pb (klb)

Zn (klb)

Au EQ4 (koz)

Pit-Constrained2,3

2,366

5.12

94.51

0.93

1.18

6.71

389

7,190

48,258

61,475

510

Underground3

7,054

4.27

87.18

0.69

0.88

5.65

969

19,772

107,159

136,416

1,282

Total

9,421

4.48

89.02

0.75

0.95

5.92

1,358

26,962

155,417

197,891

1,793

1 CIM definition standards were used for the Mineral Resource.

The Qualified Person is Adrienne Ross, P. Geo. of AMC Mining Consultants (Canada) Ltd.

Using drilling results to September 30, 2015.

2 Near surface mineral resources are constrained by an optimized pit shell at a gold price of US$1300 oz.

3 Cut-off grades applied to the pit-constrained and underground resources are 1.3 g/t Au EQ and 2.75 g/t Au EQ respectively.

4 Gold equivalent values were calculated using the following formula: Au EQ=Au+Ag/85+Pb/3.74+Zn/5.04 and assuming: US$1300 oz Au, US$20 oz Ag, US$0.90 lb Pb and US$0.90 lb Zn with recoveries for each metal of Au: 96%, Ag: 91%, Pb: 85% and Zn: 85%.

5 Numbers may not add due to rounding. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All metal prices are quoted in US$ at an exchange rate of $0.80 US to $1.00 Canadian.

Metallurgical results have been highly encouraging. Locked cycle flotation testwork, followed by pressure oxidation and carbon-in-leach cyanidation of a gold-bearing sulphide concentrate, on a project-wide composite, yielded overall recoveries of 95.0% gold, 90.8% silver, 91.2% zinc, and 84.6% lead to potentially saleable products.

The mineralized structural zones correlate well with intense magnetic lows and VLF-EM conductors that are often accompanied by anomalous gold, silver, lead, zinc and arsenic soil geochemical results. Follow up of some of the geophysical and soil geochemical anomalies continue to result in new discoveries.

The 2015 program is managed by Archer, Cathro & Associates (1981) Limited (Archer Cathro). Technical information in this summary has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer Cathro and qualified person for the purpose of National Instrument 43-101.

Klaza Property – Total Inferred Pit-Constrained Mineral Resource at Varying
Cut-Off Grades 1,2,4


COG

Tonnes

Au

Ag

Pb

Zn

AuEQ3

Au

Ag

Pb

Zn

AuEQ3

(AuEQ)

(kt)

(g/t)

(g/t)

(%)

(%)

(g/t)

(koz)

(koz)

(klb)

(klb)

(koz)

0.5

2,427

5.01

92.40

0.90

1.16

6.57

391

7,211

48,399

61,878

513

1.0

2,413

5.03

92.89

0.91

1.16

6.60

391

7,207

48,374

61,806

512

1.3

2,366

5.12

94.51

0.93

1.18

6.71

389

7,190

48,258

61,475

510

1.5

2,329

5.18

95.78

0.94

1.19

6.79

388

7,172

48,110

61,227

509

2.0

2,250

5.32

98.22

0.96

1.22

6.97

385

7,106

47,600

60,520

504

2.5

2,125

5.53

102.12

0.99

1.27

7.25

378

6,977

46,608

59,491

495

2.75

2,071

5.62

103.72

1.01

1.29

7.37

374

6,906

46,133

58,935

491

3.0

2,023

5.70

105.42

1.03

1.31

7.48

371

6,855

45,748

58,347

486

3.5

1,904

5.90

109.77

1.07

1.34

7.74

361

6,719

44,787

56,383

474

4.0

1,729

6.20

116.16

1.13

1.39

8.14

344

6,457

43,142

52,826

453

5.0

1,414

6.83

128.08

1.24

1.47

8.96

310

5,823

38,742

45,712

407


Total Inferred Underground Mineral Resource at Varying Cut-Off Grades 1,4


COG

Tonnes

Au

Ag

Pb

Zn

AuEQ3

Au

Ag

Pb

Zn

AuEQ3

(AuEQ)

(kt)

(g/t)

(g/t)

(%)

(%)

(g/t)

(koz)

(koz)

(klb)

(klb)

(koz)

1.0

10,354

3.40

69.66

0.55

0.73

4.51

1,132

23,191

126,518

167,211

1,503

1.5

10,036

3.48

71.22

0.57

0.75

4.62

1,122

22,981

125,240

165,363

1,489

2.0

9,030

3.72

75.92

0.60

0.79

4.93

1,080

22,041

119,835

157,228

1,431

2.5

7,612

4.10

83.66

0.66

0.85

5.43

1,004

20,476

111,544

143,428

1,330

2.75

7,054

4.27

87.18

0.69

0.88

5.65

969

19,772

107,159

136,416

1,282

3.0

6,470

4.46

91.25

0.72

0.91

5.91

928

18,982

102,383

129,119

1,228

3.5

5,396

4.86

99.70

0.78

0.96

6.44

844

17,296

92,381

114,652

1,117

4.0

4,489

5.25

109.59

0.86

1.04

6.98

758

15,817

85,073

103,390

1,007

5.0

3,297

5.93

125.50

0.98

1.14

7.90

629

13,301

71,504

82,622

837

6.0

2,214

6.81

145.07

1.13

1.25

9.07

485

10,328

55,401

61,007

646

7.0

1,503

7.75

163.48

1.32

1.40

10.30

375

7,901

43,589

46,317

498

1 CIMdefinition standards were used for the Mineral Resource.
The Qualified Person is Adrienne Ross, P. Geo. of AMC Mining Consultants (Canada) Ltd.
Using drilling results to September 30, 2015.
2 Near surface mineral resources are constrained by an optimized pit shell at a gold price of US$1300 oz.
3 Gold equivalent values were calculated using the following formula: AuEQ=Au+Ag/85+Pb/3.74+Zn/5.04 and assuming: US$1300 oz Au, US$20 oz Ag, US$0.90 lb Pb and US$0.90 lb Zn with recoveries for each metal of Au: 96%, Ag: 91%, Pb: 85% and Zn: 85%.
4 Numbers may not add due to rounding. Mineral resources that are not mineral reserves do not have demonstrated economic viability.metal prices are quoted in US$ at an exchange rate of $0.80 US to $1.00 Canadian.

Maps & Diagrams