September 21, 2011 - Rockhaven Resources Ltd.
(TSX-V:RK) (“the Company” or “Rockhaven”) is pleased to announce that it has signed an option agreement under which it can acquire a 100% interest in the Val property, located in the Whitehorse Mining District of southern Yukon, Canada. The property consists of nine mineral claims and is approximately 6 km southeast of Rockhaven’s Klaza project.
Rockhaven can exercise the option by making aggregate payments of $250,000 over a two year period. The property vendor, an arm’s length prospector, may at his election receive all or part of any option payments in cash or in Rockhaven shares. The number of shares issued as all or any part of a cash payment will be calculated using the weighted trading average of Rockhaven shares for the ten trading days prior to the payment date. All payment shares will be subject to a four month hold period. The vendor will retain a 1% net smelter return royalty interest in the property.
The agreement is subject to TSX Venture Exchange acceptance.
“The Val property covers an area of active placer gold mining located within 2 km of the formerly producing Brown McDade open pit gold mine”, stated Matthew Turner, the Rockhaven CEO. “Based on the material exposed in the placer workings, the source of the gold appears to be fairly local. Rockhaven plans to drill test this target in early 2012”.
Rockhaven is well funded company that is focused on growth through exploration of its own projects and continues to work towards adding new advanced stage projects to its portfolio.
For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit the Company’s website at www.rockhavenresources.com
Matthew Turner, CEORockhaven Resources Ltd.
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.
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