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Rockhaven Resources
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Rockhaven Resources
All rights reserved.
Rockhaven Resources Ltd. Plans 12,000 M of Diamond Drilling at Klaza Project, Yukon
March 20, 2014 - Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to announce that funding is in place for the 2014 exploration program at its 100% owned Klaza gold-silver property, located in the Dawson Range Gold Belt of southern Yukon. Drilling and trenching at the road-accessible Klaza property since 2010 have identified nine main mineralized structural zones and numerous subsidiary structures within an 2000 by 4000 m corridor. Individually, the main zones range from 1 to 75 m in width and are continuously mineralized over strike lengths of 250 to 2400 m. The zones have been traced over a cumulative strike length of 9400 m and all remain open for expansion along strike and to depth.
The proposed 2014 program will include 12,000 m of diamond drilling and will focus on delineating and expanding areas of high-grade gold and silver mineralization (>8.00 g/t gold EQ). 2014 drill targets will include:
Maps and cross-sections related to the Klaza project can be viewed at the Company’s website atwww.rockhavenresources.com. Further details of the 2014 exploration program and targets follow below:
Western BRX Zone
The Western BRX Zone is the main target of 2014 diamond drilling. Infill and step-out excavator trenching in 2013 at the Western BRX Zone confirmed continuity of the mineralized structure and further delineated areas of high-grade gold and silver that were partially outlined by widely-spaced drill holes in 2011 and 2012. Highlight results are shown below:
+ Represents the diamond drill hole or trench sample length. True widths are estimated to be approximately 80-90% of the interval.
*Gold equivalence (EQ) has been calculated using metal prices of $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries.
Central and Western Klaza Zones
The Central and Western Klaza Zones host discrete veins, breccias and sheeted veinlets that have been traced over a strike length of 1000 m and to a depth of 325 m down dip. Focused diamond drilling in 2014 will expand the area of known mineralization to the west and to depth where some of the best results have been returned to date. Highlight results from the Central and Western Klaza Zone include:
+ Represents the diamond drill hole or trench sample length. True widths are estimated to be approximately 80-90% of the interval.
*Gold equivalence (EQ) has been calculated using metal prices of $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries.
Pearl Zone
The Pearl Zone was discovered in 2013 and represents the most easterly, and if projected westward, the most northerly mineralized structure identified at the Klaza property. Two excavator trench exposures located 450 m apart returned 28.2 g/t gold and 359 g/t silver (35.38 g/t gold EQ) over 1.20 m and 19.75 g/t gold and 148 g/t silver (22.71 g/t gold EQ) over 1.25 m (see Rockhaven news release dated October 3, 2013). The results are particularly important as no mineralization was previously known in this area. Detailed follow-up drilling will be done in 2014 to evaluate this new high-grade gold and silver discovery, which is open to extension along strike in both directions.
Other Targets
A small proportion of the planned drilling will evaluate particularly encouraging areas in the other six known mineralized zones. In addition, some prospecting, geological mapping and geophysical surveying will be completed in other areas of the property to define additional targets for drilling or trenching. All of the mineralized zones discovered to date at Klaza are marked by linear magnetic lows with coincident soil geochemical anomalies. In areas surveyed, these magnetic lows coincide with distinct chargeability highs and resistivity lows. The focus will be on defining and, as warranted, drill testing similar anomalies elsewhere on the property, with particular emphasis on overburden covered areas to the west of the Western BRX and Western Klaza Zones. In conjunction with 2014 work, ongoing baseline environmental surveys and geotechnical data collection will continue to advance the Klaza property toward the permitting process.
The 2014 exploration program is scheduled to start in early June. The $3,000,000 non-brokered private placement financing announced on February 25 2014 is fully subscribed and subject to TSX Venture Exchange acceptance, will be closed in the coming days.
The 2014 program will be managed by Archer, Cathro & Associates (1981) Limited (Archer Cathro). Technical information in this news release 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.
Rockhaven Resources Ltd. is a well-funded company focused on growth through exploration of its own wholly-owned 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 Rockhaven’s website at www.rockhavenresources.com or contact:
Matthew Turner, CEO and Director
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.
The proposed 2014 program will include 12,000 m of diamond drilling and will focus on delineating and expanding areas of high-grade gold and silver mineralization (>8.00 g/t gold EQ). 2014 drill targets will include:
- The Western BRX Zone, where 2013 trenching and limited broadly-spaced drilling have returned strong results over a 750 m strike length, including 68.27 g/t gold EQ (50.1 g/t gold and 910 g/t silver) over 3.25 m from trench TR-13-58 and 8.00 g/t gold EQ (5.78 g/t gold and 111 g/t silver) over 15.62 m from hole DH-12-96;
- The Western Klaza Zone, where trenching and drilling returned numerous gold and silver-rich intervals including 11.15 g/t gold EQ (4.51 g/t gold and 332 g/t silver) over 7.12 m from hole DH-12-115;
- The Central Klaza Zone beneath hole DH-12-133, the deepest intercept to date on the zone, which intersected 12.00 g/t gold EQ (11.90 g/t gold and 5.23 g/t silver) over 6.70 m at a depth of 310 m below surface; and,
- The Pearl Zone, a 2013 discovery where two excavator trenches situated 450 m apart averaged 29.04 g/t gold EQ (23.98 g/t gold and 254 g/t silver) over 1.22 m.
Maps and cross-sections related to the Klaza project can be viewed at the Company’s website atwww.rockhavenresources.com. Further details of the 2014 exploration program and targets follow below:
Western BRX Zone
The Western BRX Zone is the main target of 2014 diamond drilling. Infill and step-out excavator trenching in 2013 at the Western BRX Zone confirmed continuity of the mineralized structure and further delineated areas of high-grade gold and silver that were partially outlined by widely-spaced drill holes in 2011 and 2012. Highlight results are shown below:
| Drill Hole/Trench | From (m) | To (m) | Interval (m)+ | Gold (g/t) | Silver (g/t) | Gold EQ (g/t)* |
|---|---|---|---|---|---|---|
| DH-11-37 | 81.13 | 95.93 | 14.80 | 5.43 | 50 | 6.43 |
| DH-11-39 | 151.29 | 152.94 | 1.65 | 23.50 | 239 | 28.28 |
| DH-12-72 | 178.48 | 179.81 | 1.33 | 10.60 | 23 | 11.06 |
| DH-12-96 | 329.74 | 345.36 | 15.62 | 5.78 | 111 | 8.00 |
| TR-13-47 | 30.05 | 31.20 | 1.15 | 87.0 | 768 | 102.36 |
| TR-13-49 | 1.61 | 2.92 | 1.31 | 8.42 | 548 | 19.38 |
| TR-13-58 | 3.35 | 6.60 | 3.25 | 50.1 | 910 | 68.27 |
| TR-13-59 | 11.05 | 15.20 | 4.15 | 7.47 | 537 | 18.20 |
| TR-13-67 | 35.00 | 38.55 | 3.55 | 31.38 | 310 | 37.59 |
| TR-13-73 | 3.70 | 6.20 | 2.50 | 26.10 | 574 | 37.58 |
| TR-13-74 | 12.45 | 14.70 | 2.25 | 31.20 | 1030 | 51.80 |
| TR-13-75 | 4.75 | 6.20 | 1.45 | 11.50 | 1680 | 45.10 |
| and | 17.24 | 20.24 | 3.00 | 34.70 | 160 | 37.90 |
| TR-13-77 | 5.08 | 7.18 | 2.10 | 14.40 | 729 | 28.98 |
*Gold equivalence (EQ) has been calculated using metal prices of $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries.
Central and Western Klaza Zones
The Central and Western Klaza Zones host discrete veins, breccias and sheeted veinlets that have been traced over a strike length of 1000 m and to a depth of 325 m down dip. Focused diamond drilling in 2014 will expand the area of known mineralization to the west and to depth where some of the best results have been returned to date. Highlight results from the Central and Western Klaza Zone include:
| Drill Hole/Trench | From (m) | To (m) | Interval (m)+ | Gold (g/t) | Silver (g/t) | Gold EQ (g/t)* |
|---|---|---|---|---|---|---|
| DH-10-07 | 134.00 | 149.30 | 15.30 | 7.20 | 260 | 12.40 |
| DH-11-16 | 88.04 | 94.82 | 6.78 | 6.09 | 101 | 8.11 |
| DH-11-28 | 253.66 | 255.12 | 1.46 | 10.25 | 585 | 21.95 |
| DH-12-79 | 91.56 | 94.77 | 3.21 | 3.18 | 516 | 13.50 |
| DH-12-115 | 214.47 | 221.59 | 7.12 | 4.51 | 332 | 11.15 |
| DH-12-133 | 439.00 | 445.70 | 6.70 | 11.90 | 5.23 | 12.00 |
| TR-13-51 | 11.19 | 29.98 | 18.79 | 5.61 | 300 | 11.61 |
| TR-13-52 | 3.75 | 10.59 | 6.84 | 16.20 | 158 | 19.36 |
| TR-13-66 | 18.72 | 20.99 | 2.27 | 25.70 | 449 | 34.68 |
| TR-13-69 | 5.16 | 9.76 | 4.60 | 8.29 | 295 | 14.20 |
| TR-13-70 | 2.50 | 5.53 | 3.03 | 16.76 | 1052 | 37.80 |
*Gold equivalence (EQ) has been calculated using metal prices of $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries.
Pearl Zone
The Pearl Zone was discovered in 2013 and represents the most easterly, and if projected westward, the most northerly mineralized structure identified at the Klaza property. Two excavator trench exposures located 450 m apart returned 28.2 g/t gold and 359 g/t silver (35.38 g/t gold EQ) over 1.20 m and 19.75 g/t gold and 148 g/t silver (22.71 g/t gold EQ) over 1.25 m (see Rockhaven news release dated October 3, 2013). The results are particularly important as no mineralization was previously known in this area. Detailed follow-up drilling will be done in 2014 to evaluate this new high-grade gold and silver discovery, which is open to extension along strike in both directions.
Other Targets
A small proportion of the planned drilling will evaluate particularly encouraging areas in the other six known mineralized zones. In addition, some prospecting, geological mapping and geophysical surveying will be completed in other areas of the property to define additional targets for drilling or trenching. All of the mineralized zones discovered to date at Klaza are marked by linear magnetic lows with coincident soil geochemical anomalies. In areas surveyed, these magnetic lows coincide with distinct chargeability highs and resistivity lows. The focus will be on defining and, as warranted, drill testing similar anomalies elsewhere on the property, with particular emphasis on overburden covered areas to the west of the Western BRX and Western Klaza Zones. In conjunction with 2014 work, ongoing baseline environmental surveys and geotechnical data collection will continue to advance the Klaza property toward the permitting process.
The 2014 exploration program is scheduled to start in early June. The $3,000,000 non-brokered private placement financing announced on February 25 2014 is fully subscribed and subject to TSX Venture Exchange acceptance, will be closed in the coming days.
The 2014 program will be managed by Archer, Cathro & Associates (1981) Limited (Archer Cathro). Technical information in this news release 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.
Rockhaven Resources Ltd. is a well-funded company focused on growth through exploration of its own wholly-owned 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 Rockhaven’s website at www.rockhavenresources.com or contact:
Matthew Turner, CEO and Director
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.