Roc Oil Co. Ltd.

Published : October 02nd, 2012

khaven Resources Ltd. Drills 5.78 g/t Gold and 111 g/t Silver (8.00 g/t Gold EQ) Over 15.62 m at Kla

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Keywords :   Diamond | Gold | Growth | Silver |

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 NEWS RELEASE

 OCTOBER 2, 2012

ROCKHAVEN DRILLS 5.78 G/T GOLD AND 111 G/T SILVER (8.00 G/T GOLD EQ) OVER
15.62 M AT THE BRX ZONE, KLAZA PROPERTY, YUKON

October 2, 2012 - Rockhaven Resources Ltd. (TSX-V:RK) (�Rockhaven�) is pleased to announce results from eight additional Diamond drill holes at its 100%-owned Klaza gold-silver property located in the Dawson Gold Belt of southern Yukon.  Diamond drill assay highlights from the BRX Zone and adjacent hanging wall AEX Zone are as follows:

  • DDH 88 - 4.64 g/t gold and 181 g/t silver (8.26 g/t gold EQ) over 2.58 m
  • DDH 91 - 17.65 g/t gold and 119 g/t silver (20.03 g/t gold EQ) over 1.05 m
  • DDH 96 - 5.78 g/t gold and 111 g/t silver (8.00 g/t gold EQ) over 15.62 m
  • DDH 97 - 13.05 g/t gold and 17.65 g/t silver (13.40 g/t gold EQ) over 1.31 m

The Klaza property hosts seven known structural zones with a cumulative mineralized strike length of 6.1 km.  The BRX Zone discovery is a mineralized linear structure that demonstrates exceptional lateral continuity.  Systematic Diamond drilling has tested the BRX Zone over a strike length of 2.4 km and to a maximum down-dip depth of 400 m.  The zone is open for extension in all directions. 

Rockhaven has drilled 35 Diamond drill holes into the BRX Zone with most holes spaced approximately 200 m apart.  DDH-12-96 cut the zone 300 m down-dip of surface and averaged 5.78 g/t gold and 111 g/t silver (8.00 g/t gold EQ) over 15.62 m.  This hole is the most significant intercept returned thus far from the BRX Zone and is located at the open-ended western margin of the zone.  Previously announced highlights from the western part of the BRX Zone include DDH-11-37 which returned 5.43 g/t gold and 50 g/t silver (6.43 g/t gold EQ) over 14.80 m and DDH-11-39 which returned 23.50 g/t gold and 239 g/t silver (28.28 g/t gold EQ) over 1.65 m (see Rockhaven news release dated November 2, 2011). 

The 2012 exploration program at the Klaza property included a total of 22,206 m of drilling in 73 Diamond drill holes.  Results from 18 of the 2012 holes were previously reported (see Rockhaven news release dated August 23, 2012).  

The most significant assay results from the latest eight holes that tested the BRX Zone are shown in the table below.  Additional results also include intercepts from the AEX Zone, which is a mineralized structure that is developed in the immediate hanging wall of the BRX Zone.  Maps showing drill hole locations and cross sections can be viewed on Rockhaven�s website at www.rockhavenresources.com. Assay results from the remaining 48 holes will be released on a target by target basis once assays are received, compiled and evaluated.  

Hole

ID

Zone

ID

From (m)

To

(m)

Interval

(m)o

Gold (g/t)

Silver (g/t)

Gold EQ*

 

 

 

 

 

 

 

 

      KL-12-74

BRX

206.89

207.89

1.00

4.85

35.70

5.56

and^

244.64

246.70

2.06

3.75

0.05

3.75

 

 

 

 

 

 

 

 

KL-12-88

BRX

236.83

247.42

10.59

1.36

58.1

2.52

including

236.83

239.41

2.58

4.64

181

8.26

 

 

 

 

 

 

 

 

KL-12-91

AEX

BRX

98.02

99.07

1.05

17.65

119

20.03

and

295.13

296.50

1.37

3.27

33.6

3.94

 

 

 

 

 

 

 

 

KL-12-96

AEX

BRX

276.51

278.51

2.00

1.06

7.16

1.20

and

329.74

345.36

15.62

5.78

111

8.00

including

329.74

332.06

2.32

25.10

621

37.5

and including

342.46

345.36

2.90

10.55

92.7

12.40

 

 

 

 

 

 

 

 

KL-12-97

AEX

 

 

BRX

63.85

65.33

1.48

1.15

5.54

1.26

and

72.74

75.29

2.55

1.57

4.26

1.66

and

223.86

225.69

1.83

1.61

12.70

1.86

and

236.92

248.51

11.59

1.71

6.44

1.84

including

236.92

238.23

1.31

13.05

17.65

13.40

 

 

 

 

 

 

 

 

KL-12-99

BRX

204.22

205.22

1.00

0.52

118

2.88

 

 

 

 

 

 

 

 

KL-12-102

BRX

296.93

308.20

11.27

0.31

40.5

1.12

including

296.93

298.44

1.51

1.75

209

5.93

0Represents the drill hole intersection length.  True widths are estimated to be approximately 80-90% of the interval.
*Gold equivalent calculations used metal prices of $1400 per ounce gold and $28.00 per ounce silver and assumes 100% recoveries.
^Previously announced assay result.
KL-12-84 intercepted the BRX structural zone but did not return significant mineralization. 

The Klaza property hosts seven sub-parallel, 1 to 75 m wide, structural zones of gold-silver mineralization that have been traced over strike lengths of 240 to 2,100 m.  All zones consist of quartz-sulphide veins, breccias and fracture networks, which are spatially associated with quartz-feldspar porphyry dykes that intrude granitic country rocks.  The zones exhibit exceptional lateral continuity and based on geophysical and geochemical evidence, they collectively form a 1.5 km wide by 8 km long northwesterly-trending structural corridor.

The Klaza property is located 50 km west of Carmacks, Yukon. The property is road accessible by a two-wheel drive road from the Klondike Highway.  The property is favourably situated within the Mt. Nansen gold camp, a district that hosts an extensive system of gold-silver veins and active placer gold mining.  Systematic excavator trenching and widely-spaced drilling have only been done in approximately 20% of the 66 km2 property.  Untested soil geochemical anomalies and geophysical targets suggest there is good potential for additional discoveries on the property.

Core samples from the Klaza property are being processed in 36 sample batches with each batch including two assay standards, two blank samples, and two duplicate samples. Trench samples from the property are also processed in 36 sample batches with each batch including one assay standard and one blank sample. Analytical work is being done by ALS Minerals with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver. All samples are 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 are determined for gold by fire assay and gravimetric finish (Au-GRA22) and for silver using Ag-OG46. All gold and silver grades reported in this release were calculated from the assay results. All standard, blank and duplicate samples passed QAQC reviews.  Individual check assaying of core samples from the Klaza property is being done at ACME Labs in Vancouver.

The 2012 program is being conducted by Archer, Cathro & Associates (1981) Limited.  Technical information in this news release has been reviewed by Heather Burrell (n�e Smith), B.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.

Rockhaven Resources Ltd. is 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 the Company�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. 

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration or other risk fact


Home | Contact Us |

The TSX Venture or TSX Exchange has neither approved nor disapproved of the contents of this news release. 

Roc Oil Co. Ltd.

CODE : ROC.AX
ISIN : AU000000ROC4
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Roc is a oil producing company based in Australia.

Roc produces oil, natural gas in Australia and in China, and holds various exploration projects in China.

Its main assets in production are BOHAI BAY and ZHAO DONG in China and BASKER-MANTA-GUMMY and CLIFF HEAD OIL FIELD in Australia and its main exploration property is BEIBU GULF in China.

Roc is listed in Australia. Its market capitalisation is AU$ 72.2 millions as of today (US$ 47.2 millions, € 44.1 millions).

Its stock quote reached its highest recent level on July 14, 2006 at AU$ 4.57, and its lowest recent point on June 22, 2023 at AU$ 0.07.

Roc has 687 619 968 shares outstanding.

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