Rock Haven Resources

Published : October 22nd, 2014

Rockhaven Announces Exceptional Results from Deep Step-Out Drill Hole at Western BRX Zone - 16.29 g/t Gold and 1,435 g/t Silver (44.99 g/t Gold EQ) over 1.37 m

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Rockhaven Announces Exceptional Results from Deep Step-Out Drill Hole at Western BRX Zone - 16.29 g/t Gold and 1,435 g/t Silver (44.99 g/t Gold EQ) over 1.37 m

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 22, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce results from the final drill hole that tested the Western BRX Zone at its 100%-owned and road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. Drilling in the Western BRX Zone has returned numerous high-grade gold and silver intercepts during the 2014 exploration season (see July 15th, July 22nd, July 29th and October 6th 2014 news releases). The final hole intersected high-grade precious and base metal mineralization 500 m down-dip from surface, further supporting the Carbonate Base Metal (CBM) Gold classification that has been proposed as the deposit model at the Klaza property.

News Release Highlights:

  • KL-14-238 returned 16.29 g/t gold, 1,435 g/t silver, 5.57% lead and 6.23% zinc over 1.37 m within an 18.5 m wide mineralized complex;
  • This is the deepest intercept obtained to date and clearly demonstrates depth potential at Western BRX and other zones on the property; and,
  • Mineralization is consistent with the Carbonate Base Metal Gold model, which predicts multiple zones with deep roots.

"The intercept in KL-14-238 is a game changer" stated Matt Turner, CEO of Rockhaven Resources. "It greatly increases the known depth extent of the precious metal-rich vein/breccia system and supports the CBM classification, making Klaza a truly unique high-grade deposit for the Northern Cordillera."

Western BRX Zone

The Western BRX Zone was the main target of the 2014 Diamond drill program. A total of 9 excavator trenches and 40 Diamond drill holes have traced mineralization over a 500 m strike length and from surface to a maximum depth of 500 m down-dip. Mineralized veins are emplaced adjacent to a feldspar porphyry dyke that is present throughout the zone. KL-14-238, the deepest hole completed to date at the Klaza property, intersected 16.29 g/t gold, 1,435 g/t silver, 5.57% lead and 6.23% zinc over 1.37 m within a complex of veins, breccias and dykes, which averaged 4.58 g/t gold EQ* over 18.50 m. The high-grade precious and base metal intercept at this depth demonstrates the exceptional down-dip potential of the Western BRX Zone. None of the earlier drill holes on this high-grade target extended below 310 m down-dip from surface. The complex of veins, breccias and dykes in KL-14-238 is the widest and strongest structure intercepted to date within the Western BRX Zone.

The complete results from hole KL-14-238 are shown in the table below. Maps, sections, core photos and assay results for work completed since 2010 can be viewed at Rockhaven's website at www.rockhavenresources.com.

Drill Hole Zone ID From
(m)
To
(m)
Interval
(m)
+
Gold (g/t) Silver (g/t) Gold EQ (g/t)* Lead
(%)
Zinc
(%)
KL-14-238 Western BRX 502.44 520.94 18.50 2.19 120 4.58 0.49 0.68
incl. 502.44 504.85 2.41 4.27 46.1 5.20 0.09 0.29
incl. 519.57 520.94 1.37 16.29 1,435 44.99 5.57 6.23
+ Represents the intercepted length. True widths are estimated to be approximately 80-90% of the interval.
* Gold equivalence (EQ) has been calculated using metal prices of $1200 per ounce gold and $24.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries of both metals. Lead and zinc assays were not used in the calculation of gold equivalence.

Carbonate Base Metal Gold Deposit Model

The Klaza property hosts CBM-style mineralization within multiple, sub-parallel vein and breccia zones. CBM's are a recently recognized sub-class of epithermal deposits that encompass a family of similar deposits located around the Pacific Rim. Multi-million ounce gold deposits classified as CBM include Barrick Gold's Porgera Mine (Papua New Guinea), Rio Tinto's formerly producing Kelian Mine (Indonesia) and Continental Gold's Buritica project (Columbia).

Klaza and other CBM deposits feature multiple precious metal-rich structures that are formed peripheral to mineralized porphyry systems. The presence of carbon dioxide gas within the mineralizing hydrothermal fluids is key in facilitating precious metal deposition over large vertical extents, often in excess of one kilometre. Gold and silver are generally well liberated in this type of deposits, and elevated levels of lead, zinc and copper are common.

Nine main mineralized structures and several subsidiary structures have been identified at the Klaza property within an area 4 km long and up to 2 km wide. The most extensively explored zones (BRX and Klaza) have been traced over 2.4 km strike lengths and to a depth of 500 m down-dip. Recently completed geophysical surveys suggest there is good potential for more discoveries within known areas of mineralization, and in undrilled areas along strike and further into the hanging wall and footwall of the system.

Within high-grade parts of the zones, deportment and quantitative mineralogy studies show that gold largely occurs as native gold or electrum, with a high degree of liberation. Silver mainly occurs with pyrargyrite, tetrahedrite and electrum, which are also well liberated from gangue and non-ore sulphide minerals. Copper mineralization is strongest near the porphyry centre in the eastern portion of the property, while lead and zinc contents dramatically increase in distal parts of the system. Highly elevated lead and zinc assays are often associated with high-grade gold and silver results.

All analyses for rock and core samples from the 2014 program were performed by ALS Minerals with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver. Core samples are routinely analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 48 other elements by inductively coupled plasma-mass spectrometry (ME-MS61). Samples that exceed the detection limits of the routine methods are assayed for silver, copper, lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Cu/Pb/Zn - OG62) and gold by gravimetric analysis (Au-GRA22). Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks are routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QAQC screening.

The 2014 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 is a well-funded company focused on growth through exploration of its wholly-owned projects. For additional information concerning Rockhaven 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.

Read the rest of the article at finance.yahoo.com
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Rock Haven Resources

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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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