Rockhaven Announces Expanded Inferred Mineral Resource Estimate of 1,358,000 oz Gold and 26,962,000 oz Silver at Klaza Property, Yukon
December 9, 2015 - Rockhaven Resources Ltd. (TSX-V:RK) (�Rockhaven�)
is pleased to announce an updated Mineral Resource estimate for its 100%-owned
and road-accessible Klaza property, located in the Dawson Range Gold Belt of
southern Yukon. The updated Mineral Resource
estimate incorporates results from drilling in 2015 at the Klaza and BRX zones,
including the newly modelled Eastern BRX Zone and a number of subsidiary veins
associated with the main structures.
The updated Mineral Resource was
prepared by AMC Mining Consultants (Canada) Ltd. This new estimate comprises a total Inferred Mineral
Resource of 9,421,000 tonnes grading 4.48 g/t gold, 89.02 g/t silver, 0.75%
lead and 0.95% zinc, and contains 1,358,000 oz gold, 26,962,000 oz silver, 155,417,000
lbs lead and 197,891,000 lbs zinc. The
Mineral Resource has a gold equivalent metal content of 1,793,000 oz at a gold equivalent
grade of 5.92 g/t. Results of this Mineral
Resource estimate are summarized below.
Table 1: Klaza Property - Total Inferred
Mineral Resource Estimate Summary, December 9, 2015
1,5
|
Tonnes (kt)
|
Grade
|
Contained Metal
|
Au (g/t)
|
Ag (g/t)
|
Pb (%)
|
Zn (%)
|
Au EQ4 (g/t)
|
Au (koz)
|
Ag (koz)
|
Pb (klb)
|
Zn (klb)
|
Au EQ4 (koz)
|
Pit-Constrained2,3
|
2,366
|
5.12
|
94.51
|
0.93
|
1.18
|
6.71
|
389
|
7,190
|
48,258
|
61,475
|
510
|
Underground3
|
7,054
|
4.27
|
87.18
|
0.69
|
0.88
|
5.65
|
969
|
19,772
|
107,159
|
136,416
|
1,282
|
Total
|
9,421
|
4.48
|
89.02
|
0.75
|
0.95
|
5.92
|
1,358
|
26,962
|
155,417
|
197,891
|
1,793
|
1 CIM definition standards were used for the Mineral Resource.
The Qualified Person is Adrienne Ross, P. Geo. of AMC Mining Consultants (Canada) Ltd.
Using drilling results to September 30, 2015.
2 Near surface mineral resources are constrained by an optimized pit shell at a gold price of US$1300 oz.
3 Cut-off grades applied to the pit-constrained and underground resources are 1.3 g/t Au EQ and 2.75 g/t Au EQ respectively.
4 Gold equivalent values were calculated using the following formula: Au EQ=Au+Ag/85+Pb/3.74+Zn/5.04 and assuming: US$1300 oz Au, US$20 oz Ag, US$0.90 lb Pb and US$0.90 lb Zn with recoveries for each
metal of Au: 96%, Ag: 91%, Pb: 85% and Zn: 85%.
5 Numbers may not add due to rounding. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All metal prices are quoted in US$ at an exchange rate of
$0.80 US to $1.00 Canadian.
�The updated Mineral Resource clearly demonstrates the potential of the road accessible Klaza deposit� stated Matt Turner, President and CEO of Rockhaven. �Deposit-wide metallurgical testing shows silver, lead
and zinc are important co-products that could enhance the economics of the deposit. There is a high probability for further expansion because the mineralized zones included in the Mineral Resource are open for
extension along strike and to depth and there are other parallel zones on the property that have not yet been systematically evaluated. We look forward to future exploration at Klaza with the focus of continuing to
add more ounces of high-grade mineralization at a very low discovery cost per ounce.�
Compared to the Mineral Resource announced in January 2015, this represents an increase of 503,000 oz gold, using a 1.5
g/t gold-only cut-off applied to both the pit-constrained and underground components in order to directly compare at the same cut-off value. The following table summarizes the tonnage and gold ounce differences
between the January and December, 2015 Mineral Resource estimates.
Table 2: Difference between January 2015 and December 2015 Inferred Gold Mineral Resources *
|
Tonnes (Kt)
|
Au (g/t)
|
Contained Metal (koz Au)
|
Increase in ounces (koz Au)
|
% Increase
|
January 2015
|
7,040
|
4.19
|
948
|
503
|
53
|
December 2015
|
10,899
|
4.14
|
1,451
|
*Details pertaining to the January 2015 Mineral Resource can be found in the Klaza Property Amended Technical Report dated June 19, 2015 which can be viewed at
www.sedar.com under the Rockhaven profile or on Rockhaven�s website.
The main reasons for the
differences between the current estimate and the previous estimate are
additional drilling information, modelling of subsidiary structures in the
Central Klaza area, and inclusion of the Eastern BRX zone into the Mineral
Resource area. The Mineral Resource has
also been pit-constrained with different cut-off grades for the near surface and
underground mineralization.
Resource Methodology
The Mineral Resource model was
re-interpreted following the successful 2015 drill program. Geological wire-frames representing
high-grade veins were modeled in GEMS using available drill data. The model was constructed based upon
structural controls, lithological boundaries and mineralogical domains.
A total of 71 domains were built
in order to define the high-grade mineralization and different structural
trends within each zone. Samples were
capped for all variables within each domain where required. Block grades were estimated by Ordinary
Kriging of composites within each domain. Densities of individual blocks were
calculated using a regression formula based on density measurements taken and
iron, lead, zinc and copper grades.
Tables showing the Mineral
Resource at varying cut-off grades can be found attached. Additional tables summarizing the results of
the Mineral Resource estimation for each zone can be found on Rockhaven�s
website at
www.rockhavenresources.com.
Metallurgy
This Mineral Resource estimate
has been prepared using updated metallurgical projections shown below, which
reflect ongoing improvements from testing at Blue Coast Research Ltd., and
especially recent successes in enhancing the quality of the lead and zinc
concentrates.
Table 3: Klaza Property - Metallurgical
Projections
|
Grade (%)
|
Recovery (%)
|
Lead
|
Zinc
|
Gold
|
Silver
|
Lead
|
Zinc
|
Dor�
|
-
|
-
|
87
|
11
|
-
|
-
|
Lead concentrate
|
60
|
3
|
4
|
53
|
85
|
-
|
Zinc concentrate
|
2
|
48
|
5
|
27
|
-
|
85
|
Total to payable product
|
n/a
|
n/a
|
96
|
91
|
85
|
85
|
The process flowsheet comprises
conventional sequential flotation of lead, zinc and an arsenopyrite-enriched
concentrate followed by pressure oxidation and leaching of the arsenopyrite
concentrate, together with a leach of residual precious metals from the
flotation tails. Precious metals are
also leached from the lead concentrate to reduce gold grade sent to the smelter
and increase recovery to dor�. Final
products from this process are precious-metal rich lead and zinc concentrates
and gold as dor�.
These projections are based on
testwork comprising the Western Klaza, Western BRX, Central Klaza and Central
BRX zones, and do not include the Eastern BRX.
Ongoing metallurgical testwork is expected to demonstrate how the treatment
process can be optimized to benefit from the inclusion of Eastern BRX material.
Qualified Persons
The Mineral Resource estimate was
completed by AMC Mining Consultants (Canada) Ltd. Adrienne Ross, Ph.D., P.Geo., Principal Geologist
with AMC is the Qualified Person for the
purpose of National Instrument 43-101 for all technical information pertaining
to the current Mineral Resource.
Results for the metallurgical
test program were provided and approved by Chris Martin, C.Eng., of Blue Coast
Metallurgy Ltd. and Qualified Person for the purpose of National Instrument
43-101.
All other technical information
in this news release has been approved by Matthew R. Dumala, P.Eng., a
geological engineer with Archer, Cathro & Associates (1981) Limited and Qualified
Person for the purpose of National Instrument 43-101.
The Qualified Persons under the
terms of National Instrument 43-101 have reviewed the technical content of this
press release for the Klaza property and have approved its dissemination.
Further details supporting the
geological model, estimation procedure and metallurgical testwork will be
available in a National Instrument 43-101 report authored by Adrienne Ross,
Ph.D., P.Geo., of AMC Mining Consultants (Canada) Ltd., Chris J. Martin, C.Eng.,
of Blue Coast Metallurgy Ltd. and Matthew R. Dumala, P.Eng., of Archer, Cathro
& Associates (1981) Limited. The report will be posted under the Rockhaven
profile at
www.sedar.com within 45 days from the date of this news release.
About Rockhaven
Rockhaven Resources Ltd. is a tightly-held
company focused on growth through the advancement of its Klaza project. 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
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
mturner@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.
Table
4: Klaza Property � Total Inferred Pit-Constrained Mineral Resource at Varying
Cut-Off Grades
1,2,4
COG
|
Tonnes
|
Au
|
Ag
|
Pb
|
Zn
|
AuEQ3
|
Au
|
Ag
|
Pb
|
Zn
|
AuEQ3
|
(AuEQ)
|
(kt)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
(g/t)
|
(koz)
|
(koz)
|
(klb)
|
(klb)
|
(koz)
|
0.5
|
2,427
|
5.01
|
92.40
|
0.90
|
1.16
|
6.57
|
391
|
7,211
|
48,399
|
61,878
|
513
|
1.0
|
2,413
|
5.03
|
92.89
|
0.91
|
1.16
|
6.60
|
391
|
7,207
|
48,374
|
61,806
|
512
|
1.3
|
2,366
|
5.12
|
94.51
|
0.93
|
1.18
|
6.71
|
389
|
7,190
|
48,258
|
61,475
|
510
|
1.5
|
2,329
|
5.18
|
95.78
|
0.94
|
1.19
|
6.79
|
388
|
7,172
|
48,110
|
61,227
|
509
|
2.0
|
2,250
|
5.32
|
98.22
|
0.96
|
1.22
|
6.97
|
385
|
7,106
|
47,600
|
60,520
|
504
|
2.5
|
2,125
|
5.53
|
102.12
|
0.99
|
1.27
|
7.25
|
378
|
6,977
|
46,608
|
59,491
|
495
|
2.75
|
2,071
|
5.62
|
103.72
|
1.01
|
1.29
|
7.37
|
374
|
6,906
|
46,133
|
58,935
|
491
|
3.0
|
2,023
|
5.70
|
105.42
|
1.03
|
1.31
|
7.48
|
371
|
6,855
|
45,748
|
58,347
|
486
|
3.5
|
1,904
|
5.90
|
109.77
|
1.07
|
1.34
|
7.74
|
361
|
6,719
|
44,787
|
56,383
|
474
|
4.0
|
1,729
|
6.20
|
116.16
|
1.13
|
1.39
|
8.14
|
344
|
6,457
|
43,142
|
52,826
|
453
|
5.0
|
1,414
|
6.83
|
128.08
|
1.24
|
1.47
|
8.96
|
310
|
5,823
|
38,742
|
45,712
|
407
|
Table
5: Klaza Property � Total Inferred Underground Mineral Resource at Varying
Cut-Off Grades
1,4
COG
|
Tonnes
|
Au
|
Ag
|
Pb
|
Zn
|
AuEQ3
|
Au
|
Ag
|
Pb
|
Zn
|
AuEQ3
|
(AuEQ)
|
(kt)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
(g/t)
|
(koz)
|
(koz)
|
(klb)
|
(klb)
|
(koz)
|
1.0
|
10,354
|
3.40
|
69.66
|
0.55
|
0.73
|
4.51
|
1,132
|
23,191
|
126,518
|
167,211
|
1,503
|
1.5
|
10,036
|
3.48
|
71.22
|
0.57
|
0.75
|
4.62
|
1,122
|
22,981
|
125,240
|
165,363
|
1,489
|
2.0
|
9,030
|
3.72
|
75.92
|
0.60
|
0.79
|
4.93
|
1,080
|
22,041
|
119,835
|
157,228
|
1,431
|
2.5
|
7,612
|
4.10
|
83.66
|
0.66
|
0.85
|
5.43
|
1,004
|
20,476
|
111,544
|
143,428
|
1,330
|
2.75
|
7,054
|
4.27
|
87.18
|
0.69
|
0.88
|
5.65
|
969
|
19,772
|
107,159
|
136,416
|
1,282
|
3.0
|
6,470
|
4.46
|
91.25
|
0.72
|
0.91
|
5.91
|
928
|
18,982
|
102,383
|
129,119
|
1,228
|
3.5
|
5,396
|
4.86
|
99.70
|
0.78
|
0.96
|
6.44
|
844
|
17,296
|
92,381
|
114,652
|
1,117
|
4.0
|
4,489
|
5.25
|
109.59
|
0.86
|
1.04
|
6.98
|
758
|
15,817
|
85,073
|
103,390
|
1,007
|
5.0
|
3,297
|
5.93
|
125.50
|
0.98
|
1.14
|
7.90
|
629
|
13,301
|
71,504
|
82,622
|
837
|
6.0
|
2,214
|
6.81
|
145.07
|
1.13
|
1.25
|
9.07
|
485
|
10,328
|
55,401
|
61,007
|
646
|
7.0
|
1,503
|
7.75
|
163.48
|
1.32
|
1.40
|
10.30
|
375
|
7,901
|
43,589
|
46,317
|
498
|
1 CIMdefinition standards were used for the Mineral Resource.
The Qualified Person is Adrienne Ross, P. Geo. of AMC Mining Consultants (Canada) Ltd.
Using drilling results to September 30, 2015.
2 Near surface mineral resources are constrained by an optimized pit shell at a gold price of US$1300 oz.
3 Gold equivalent values were calculated using the following formula: AuEQ=Au+Ag/85+Pb/3.74+Zn/5.04 and assuming: US$1300 oz Au, US$20 oz Ag, US$0.90 lb Pb and US$0.90 lb Zn with recoveries for each metal of Au: 96%, Ag: 91%, Pb: 85% and Zn: 85%.
4 Numbers may not add due to rounding. Mineral resources that are not mineral reserves do not have demonstrated economic viability.metal prices are quoted in US$ at an exchange rate of $0.80 US to $1.00 Canadian.
View News in PDF Format: http://www.rockhavenresources.com/assets/docs/2015-12-09_NR_RK_awfF6K.pdf
View Related Attachment(s) in PDF Format:
Klaza Property Zone Trace and Resource Outline http://www.rockhavenresources.com/assets/img/pdf/2015-12-09_NRM_RK_awfF6K.pdf
Resource Tables http://www.rockhavenresources.com/assets/img/pdf/2015-12-09_NRT_RK_awfF6K.pdf
|