Rockhaven Resources Ltd. Announces Trench Grading 5.61 g/t Gold and 300 g/t Silver (11.61 g/t Gold Eq) Over 18.79 M and Positive Metallurgical Results-Klaza Project, Yukon
Published : September 24, 2013
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Keywords :   Diamond | Gold | Growth | Liberation | Market | Recovery | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2013) - Rockhaven Resources Ltd. (News - Market indicators) ("Rockhaven") is pleased to announce the initial 2013 excavator trench assays and preliminary gravity and bulk sulphide flotation metallurgical results from one of eight known mineralized zones on its 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon.

News Release Highlights:

  • Excavator trenches have successfully confirmed continuity of the Central and Western Klaza Zones with new high-grade exposures returning:
    • 5.61 g/t gold and 300 g/t silver (11.61 g/t gold EQ) over 18.79 m in TR-51
    • 16.20 g/t gold and 158 g/t silver (19.36 g/t gold EQ) over 6.84 m in TR-52
    • 25.70 g/t gold and 449 g/t silver (34.68 g/t gold EQ) over 2.27 m in TR-66
    • 8.29 g/t gold and 295 g/t silver (14.20 g/t gold EQ) over 4.60 m in TR-69
    • 16.76 g/t gold and 1052 g/t silver (37.80 g/t gold EQ) over 3.03 m in TR-70
  • Preliminary sequential gravity and flotation tests on sulphide-bearing drill core from holes in this area produced high combined recoveries of 97.3% for gold and 99.0% for silver.

"Detailed excavator trenching at the highly prospective Central and Western Klaza Zones has identified priority near-surface drill targets for 2014," stated Matt Turner, CEO of Rockhaven. "Also, we are highly encouraged by the preliminary metallurgical test results, which suggest gold and silver should be recoverable through conventional flotation techniques."

Klaza Zone

The recently completed excavator trenching has increased the known strike length of the Klaza Zone to 2,400 m. The zone hosts three distinct styles of gold and silver mineralization along its length. The Western Klaza Zone consists of discrete veins that tend to be higher grade than those observed further to the east and is considered to be a high-grade underground target. The Central Klaza Zone comprises a system of veins, breccias and sheeted veinlets that are prospective for selective extraction by open pit methods. The Eastern Klaza Zone is characterized by sheeted vein complexes and surrounding alteration envelopes, which coalesce to form 20 to 100 m thick mineralized bands. These bands are being assessed as potential bulk tonnage targets and will be further discussed in a later news release once all 2013 assays are received and interpreted.

Infill and step-out trenching in 2013 at the Central and Western Klaza Zones confirmed continuity of the mineralized structure and further delineated areas of high-grade gold and silver that were partially outlined by widely spaced trenches and drill holes in 2011 and 2012. Additionally, two northeast trending off-set faults have been identified that may be important in locating the open western extensions of the Klaza Zone and the other mineralized structures identified on the property.

A total of eight excavator trenches targeted this area in 2013, and the most significant assay results are shown in the table below. Maps showing the locations of the trenches and nearby drill holes can be viewed on Rockhaven's website at www.rockhavenresources.com.

Trench
ID
Zone
ID
From (m)   To
(m)
  Interval
(m)
°
  Gold (g/t)   Silver (g/t)   Gold EQ*
                         
TR-13-51 Central Klaza 0.00   1.00   1.00   2.68   97.30   4.63
and 11.19   29.98   18.79   5.61   300   11.61
including 11.19   12.19   1.00   0.90   2710   55.10
including 26.53   28.03   1.50   63.30   1700   97.30
                         
TR-13-52 Central Klaza 3.75   10.59   6.84   16.20   158   19.36
including 3.75   6.09   2.34   13.50   155   16.60
including 7.49   10.59   3.10   25.40   230   30.00
                         
KL-13-64 Western Klaza 1.00   1.80   0.80   1.44   29.20   2.02
                         
KL-13-65 Western Klaza 4.00   4.80   0.80   2.16   10.85   2.38
                         
KL-13-66 Central Klaza 1.00   21.99   20.99   3.58   75.53   5.09
including 1.00   2.00   1.00   3.41   121   5.83
including 18.72   20.99   2.27   25.70   449   34.68
                         
KL-13-69 Western Klaza 5.16   9.76   4.60   8.29   295   14.20
                         
KL-13-70 Western Klaza 2.50   5.53   3.03   16.76   1052   37.80
including 2.50   4.00   1.50   24.70   2000   64.70
including 4.00   5.53   1.53   8.98   123   11.44
                         
KL-13-71 Western Klaza 0.00   1.80   1.80   4.82   53.92   5.90

º Represents the excavator trench sample length. True widths are estimated to be approximately 80-90% of the interval.

*Gold equivalence has been calculated using metal prices of $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations. It assumes 100% recoveries.

Preliminary Sequential Gravity and Bulk Sulphide Flotation Test Results

Preliminary mineralogical and scoping level metallurgical tests are currently being conducted on sulphide-bearing drill core from the Central and Western Klaza Zones to investigate mineral associations and evaluate potential concentration and recovery methods. Both test programs are being carried out by SGS Mineral Services at its laboratory in Vancouver, British Columbia.

A single composite was designed to represent typical sulphide mineralization from the Central and Western Klaza Zones using coarse reject material from 15 previously reported drill holes. This composite has a head grade of 5.06 g/t gold and 290 g/t silver. Gold and silver deportment and quantitative mineralogy results show that gold largely occurs as native gold or electrum, with a high degree of liberation. Silver mainly occurs with pyrargerite, tetrahedrite and electrum, which are also well liberated from gangue and non-ore sulphide minerals. Mineralogy was investigated using the widely recognized quantitative evaluation of minerals by scanning electron microscopy (QEMSCAN) technique.

Standard E-GRG (Gravity Recoverable Gold) tests were performed using three stages of sequential separation. Results of the E-GRG tests suggest minimal gold and silver can be recovered by gravity, with recoveries of 13.4% and 5.7%, respectively.

Follow-up flotation testing investigated the potential to obtain a precious-metal rich bulk sulphide concentrate. Initial rougher flotation tests conducted on the gravity tailings showed recoveries of 96.8% gold and 98.4% silver to a flotation concentrate, for a combined gravity/flotation recovery of 97.3% gold and 99.0% silver. Work continues to further upgrade the flotation concentrate through cleaner flotation tests, evaluation of the impact of finer grind sizes, and investigation of sequential flotation of sulphides. Results from this ongoing test program will be released as they become available.

The following table summarizes the metallurgical results returned to date from the composite of samples from the Central and Western Klaza Zones.

  Gold   Silver  
Head Grade (g/t)* 5.06   290  
         
Gravity Recovery 13.4 % 5.7 %
         
Rougher Flotation Recovery 96.9 % 98.9 %
         
Rougher Concentrate Grade (g/t) 26.1   1670  
         
Combined Gravity & Flotation Recovery 97.3 % 99.0 %

*Head grade determined by fire assay with AAS finish for gold (FAA303) and 4-acid digestion with AAS finish for silver (AAS42E).

There is currently no mineral resource at the Klaza property. Recovery values are from initial metallurgical test work and do not include potential optimizations.

2013 Exploration Program

The 2013 field program is now completed at the road-accessible Klaza project. It consisted of approximately 5,000 m of excavator trenching in 38 trenches that focused on extending and confirming continuity within the Klaza and BRX Zones as well as discovering new mineralized zones in other areas of the property that have not been systematically explored to date. Results from the remaining 30 trenches will be released on a target by target basis once assays are received, compiled and evaluated.

All significant assays from 2010, 2011, 2012 and 2013 Diamond drilling and excavator trenching can be viewed on the Company's website (www.rockhavenresources.com), including geological maps, cross-sections and assay histograms.

Trench samples included in this press release were processed in 36 sample batches with each batch including two assay standards, two blank samples, and a coarse reject duplicate. Analytical work was done by ALS Minerals with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver. All samples were routinely analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 48 other elements by four acid digestion (ME-MS61). All overlimit values were determined for gold by fire assay and gravimetric finish (Au-GRA22) and for silver using Ag-OG46 and Ag-GRA21). All gold and silver grades reported in this release were calculated from the assay results. All standard, blank and duplicate samples passed QAQC reviews.

The 2013 program was 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-managed gold and silver exploration company focused on growth through advancing its quality portfolio of wholly-owned projects. For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.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.



Rockhaven Resources Ltd.
Matthew Turner
CEO and Director
604-688-2568
mturner@nordacres.com
www.rockhavenresources.com

Rock Haven Resources

EXPLORATION STAGE
CODE : RK.V
ISIN : CA77340P1018
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Rock Haven is a gold and silver exploration company based in Canada.

Rock Haven holds various exploration projects in Canada.

Its main exploration properties are KLAZA, PLATA PROJECT, ZAP SILVER and GROUNDHOG CREEK SILVER in Canada.

Rock Haven is listed in Canada. Its market capitalisation is CA$ 8.0 millions as of today (US$ 5.9 millions, € 5.5 millions).

Its stock quote reached its highest recent level on May 06, 2011 at CA$ 1.71, and its lowest recent point on September 15, 2023 at CA$ 0.05.

Rock Haven has 133 500 000 shares outstanding.

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Financings of Rock Haven Resources
6/8/2016Closes First Tranche of Private Placement
3/25/2015Closes $4,410,000 Financing
3/20/2015Announces $4,410,000 Financing
6/27/2013Closes $500,000 Flow-Through Share Private Placement
6/27/2013Closes $500,000 Flow-Through Share Private Placement
9/14/2012Closes $2,166,000 Flow-Through Share Private Placement
Nominations of Rock Haven Resources
12/2/2009Appointment of Officer and Portable Mill Acquisition
Project news of Rock Haven Resources
8/10/2016(Klaza)Rockhaven Discovers New Gold Zone and Defines Strong Geophys...
10/10/2012(Klaza)Drills 11.90 g/t Gold and 5.23 g/t Silver (12.01 g/t Gold Eq...
10/2/2012(Klaza)Drills 5.78 g/t Gold and 111 g/t Silver (8.00 g/t Gold Eq) O...
7/11/2011(Klaza)Announces Exploration Update Klaza Gold-Silver Project-Yukon
5/18/2011(Klaza)Announces 2011 Exploration Commences at Klaza Gold Silver Pr...
11/30/2009(Groundhog Creek Silver)Positive Gold Results from its Groundhog Property
10/14/2009(Plata Project)Announces promising silver values from trenches at its Plata...
9/24/2009(Plata Project) Positive Drill Results
7/21/2009(Plata Project)Begins 2009 Drilling
11/13/2008(Plata Project)Announces 2008 Exploration Results
6/5/2008(Plata Project)Begins 50+ Diamond Drill Program at the Past Producing Plat...
Corporate news of Rock Haven Resources
6/29/2016June 29th, 2016 - Rockhaven Closes Final Tranche of Private ...
6/8/2016June 8th, 2016 - Rockhaven Closes First Tranche of Private P...
5/18/2016May 18th, 2016 - Rockhaven Announces Financing and 8,000 m D...
1/23/2016January 22nd, 2016 - Rockhaven Resources Ltd. Files Klaza Pr...
8/12/2015Rockhaven Drills 11.28 g/t Gold, 75.9 g/t Silver and 7.37% Z...
8/11/2015Rockhaven and Little Salmon Carmacks First Nation Sign Klaza...
7/22/2015Rockhaven Resources Ltd. Announces 95% Gold Recovery in Lock...
7/14/2015Rockhaven Triples Size of Its Flagship Klaza Project to 25,0...
3/25/2015Rockhaven Resources Ltd. Closes $4,410,000 Financing
3/20/2015Rockhaven Announces $4,410,000 Financing
1/26/2015IIROC Trading Resumption - RK; DVI
1/26/2015Rockhaven Announces Initial Inferred Resource Estimate of 94...
1/26/2015IIROC Trading Halt - RK
11/13/2014Rockhaven Resources Ltd. Appoints Dr. Jeremy Richards as Tec...
11/6/2014Rockhaven Discovers 225 g/t Gold on Its Kluane Property, Sou...
10/22/2014Rockhaven Announces Exceptional Results from Deep Step-Out D...
10/16/2014Rockhaven Resources Ltd. Drills 11.22 g/t Gold Over 1.68 m i...
10/8/2014Rockhaven Resources Ltd. Expands Third High-Grade Discovery ...
10/6/2014Rockhaven Resources Ltd. Drills 27.80 g/t Gold and 656 g/t S...
9/17/2014Rockhaven Resources Ltd. Outlines Second High-Grade Au and A...
7/30/2014Rockhaven Resources Ltd. Announces Warrant Exercise and 9,00...
7/29/2014Rockhaven Resources Ltd. Drills 66.20 g/t Gold and 403 g/t S...
7/25/2014Rockhaven Resources Ltd. Announces Amended Warrants
7/22/2014Rockhaven Resources Ltd. Continues to Intersect High-Grade G...
7/15/2014Rockhaven Resources Ltd. Drills 56.4 g/t Gold and 318 g/t Si...
6/9/2014Rockhaven Resources Ltd. Commences 12,000 m Diamond Drill Pr...
10/8/2013Announces BRX Zone Trench Grading 71.4 g/t Gold and 1,310 g/...
10/3/2013Discovers New Gold-Silver Zone Grading 28.2 g/t Gold and 359...
9/24/2013Announces Trench Grading 5.61 g/t Gold and 300 g/t Silver (1...
6/13/2013(Klaza)Announces 2013 Exploration Plans at Klaza Project and Flow-T...
4/16/2013Adopts Advance Notice Policy for Director Nominations
12/10/2012Announces Appointment of New Chief Financial Officer and the...
12/10/2012Announces Appointment of New Chief Financial Officer and the...
11/14/2012Continues to Step Out and Intersects 6.86 g/t Gold and 153 g...
11/1/2012(Klaza)Drills 11.30 g/t Gold and 233 g/t Silver (16.0 g/t Gold Eq) ...
6/23/2011Updates Its Mill City Gold Corp. Transaction
4/28/2011Announces $6.0 Million Private Placement
4/12/2011Options Out Mount Hinton Property to Mill City Gold Corp.
2/16/2011Discovers Large Gold-In-Soil Targets at Mount Hinton, Yukon
6/11/2010Annnounces 2010 Exploration Plans
3/8/2010Acquires Mt Hinton Property in Keno Hill District Yukon
10/21/2009 New Vein Discovery At Its Ruby Range Project
6/18/2009Acquires Three New Gold Properties in Yukon
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