The Ruby Range Project underlies rocks known to host visible gold mineralization with potential for high grade vein and bulk tonnage deposits. The Kluane, Gladestone and JPR properties make up the project area and are 100% owned by Rockhaven Resources Ltd. The property is favourably located within the Ruby Range Gold Belt, an under explored area that hosts rich placer gold deposits and key infrastructure.
The project area is centered 50 km north of Haines Junction and consists of 326 claims collectively covering a 68 sq km area. The Alaska Highway lies 27 km southwest and a major hydroelectric generating station is situated 33 km to the east. One of the three properties are accessible by placer mining roads.
The Kluane property hosts numerous native gold and arsenopyrite bearing quartz-carbonate vein zones. The mineralized zones include discreet 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 typically assay between 3 and 60 g/t gold across widths of 0.35 m to 0.85 m while the surrounding wallrocks commonly yield 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 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 productive 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 has been conducted to date on these claims, but the work has returned encouraging results.
The JPR 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.
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. Half of the royalty can be bought out for $500,000. The JP property was acquired through staking and is 100% owned by Rockhaven with no underlying royalties.
Rockhaven Resources Ltd. is a mineral exploration company exploring for silver and gold in mining friendly jurisdictions in Canada. It is focused on growth through acquisition of advanced stage projects and recognition of new grassroots targets. Systematic exploration is planned to unlock the potential of these highly prospective silver and gold projects. For more information, please check the company's website: www.rockhavenresources.com.