Klaza Project Overview

PROJECT HIGHLIGHTS

  • 100% Owned By Rockhaven Covering 25,000 Hectares
  • Indicated Mineral Resource of 4,457,000 Tonnes Grading 4.8 g/t Gold, 98 g/t Silver, 0.7% Lead and 0.9% Zinc, and Contains 686,000 oz Gold, 14,071,000 oz Silver, 73,268,000 lbs Lead and 92,107,000 lbs Zinc. The Indicated Mineral Resource has a Gold Equivalent Metal Content of 907,000 oz at a Gold Equivalent Grade of 6.3 g/t.
  • Inferred Mineral Resource Estimate that includes 5,714,000 Tonnes Grading 2.8 g/t Gold, 76 g/t Silver, 0.6% Lead and 0.7% Zinc, and Contains 507,000 oz Gold, 13,901,000 oz Silver, 77,544,000 lbs Lead and 89,176,000 lbs Zinc. The Inferred Mineral Resource has a Gold Equivalent Metal Content of 725,000 oz at a Gold Equivalent Grade of 3.9 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
  • 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 94,400 m of diamond drilling, 24,500 m excavator trenching; airborne and ground magnetic, radiometric and VLF-EM surveys; and extensive soil geochemistry.

Drilling at the Klaza property has identified 11 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.

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.

An updated Mineral Resource was prepared by AMC Mining Consultants (Canada) Ltd. and announced on June 21, 2018. This new estimate comprises an Indicated and Inferred Mineral Resource. The Indicated Mineral Resource that includes 4,457,000 tonnes grading 4.8 g/t gold, 98 g/t silver, 0.7% lead and 0.9% zinc, and contains 686,000 oz gold, 14,071,000 oz silver, 73,268,000 lbs lead and 92,107,000 lbs zinc. The Indicated Mineral Resource has a gold equivalent metal content of 907,000 oz at a gold equivalent grade of 6.3 g/t. The Inferred Mineral Resource includes 5,714,000 tonnes grading 2.8 g/t gold, 76 g/t silver, 0.6% lead and 0.7% zinc, and contains 507,000 oz gold, 13,901,000 oz silver, 77,544,000 lbs lead and 89,176,000 lbs zinc. The Inferred Mineral Resource has a gold equivalent metal content of 725,000 oz at a gold equivalent grade of 3.9 g/t. Results of this Mineral Resource estimate are summarized below.

Table 1: Mineral Resource Estimate Summary, June 5, 20181,5

Tonnes Grade Contained Metal
Au Ag Pb Zn AuEQ4 Au Ag Pb Zn AuEQ4
(kt) (g/t) (g/t) (%) (%) (g/t) (koz) (koz) (klb) (klb) (koz)

Indicated3

4,457 4.8 98 0.7 0.9 6.3 686 14,071 73,268 92,107 907

Inferred3

5,714 2.8 76 0.6 0.7 3.9 507 13,901 77,544 89,176 725
  1. CIM Definition Standards (2014) were used for reporting the Mineral Resources. Using drilling results to December 31, 2017. The Qualified Persons are Adrienne Ross, P.Geo. of AMC Mining Consultants (Canada) Ltd, and Nicholas Ingvar Kirchner, FAusIMM, MAIG. of AMC Mining Consultants Pty Ltd.
  2. Near surface Mineral Resources are constrained by an optimized pit shell at a metal prices of $1,400/oz Au, $19/oz Ag, $1.10/lb Pb, and $1.25/lb Zn.
  3. Cut-off grades applied to the pit-constrained and underground resource are 1.0 g/t and 2.3 g/t AuEQ respectively.
  4. Gold equivalent values assume $1,400/oz Au, $19/oz Ag, $1.10/lb Pb, and $1.25/lb Zn, and variable recoveries for the different metals.
  5. Numbers may not add up due to rounding. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. All metal prices are quoted in US$ at an exchange rate of $0.80 US to $1.00 Canadian.
Table 2: Mineral Resource Estimate by mining method, June 5, 20181,5
Category Tonnes Grade Contained Metal
Au Ag Pb Zn AuEQ4 Au Ag Pb Zn AuEQ4
(kt) (g/t) (g/t) (%) (%) (g/t) (koz) (koz) (klb) (klb) (koz)
Indicated
Pit-Constrained2,3 2,447 5.3 90 0.7 1.0 6.7 414 7,096 39,143 52,935 529
Underground3 2,010 4.2 108 0.8 0.9 5.8 272 6,974 34,125 39,172 378
Total 4,457 4.8 98 0.7 0.9 6.3 686 14,071 73,268 92,107 907
Inferred
Pit-Constrained2,3 1,754 2.6 43 0.4 0.5 3.3 147 2,429 14,897 18,599 187
Underground3 3,960 2.8 90 0.7 0.8 4.2 359 11,472 62,647 70,578 538
Total 5,714 2.8 76 0.6 0.7 3.9 507 13,901 77,544 89,176 725

* See footnotes under Table 1

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. Additionally, recently completed pre-concentration studies from the Western BRX and Central Klaza zones were positive and demonstrate the potential to increase head-grade to the mill and reduce mill and circuit sizes of an envisioned mining operation at Klaza.

The 2018 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.

Maps & Diagrams