Rock Haven Resources

Published : October 16th, 2014

Rockhaven Resources Ltd. Drills 11.22 g/t Gold Over 1.68 m in Fourth High-Grade Discovery at Klaza Project, Yukon

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Keywords :   Copper | Diamond | Gold | Growth | Lead | Silver | Zinc |

Rockhaven Resources Ltd. Drills 11.22 g/t Gold Over 1.68 m in Fourth High-Grade Discovery at Klaza Project, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 16, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce results from reconnaissance drilling and ground geophysical surveys recently completed at its 100%-owned and road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The geophysical surveys successfully increased the strike lengths of known zones and identified new, sub-parallel anomalies. A few of the new anomalies were tested by trenches and drill holes, which produced positive results.

News release highlights:

  • Reconnaissance drilling has successfully discovered new mineralized structures including the Western BYG Zone which returned 11.22 g/t gold over 1.68 m.
  • Geophysical surveys have identified numerous untested VLF-EM conductors and coincident magnetic lows, similar to the geophysical anomalies that mark known mineralized structures.

"New discoveries continue to be made at the Klaza property with the Western BYG Zone returning an excellent maiden intercept," stated Matt Turner, CEO of Rockhaven Resources. "The numerous VLF-EM and magnetic targets outlined by the recently completed geophysical surveys provide us with effective tools to find more mineralized structures and greatly expand the exploration potential of the 84 km2 Klaza property."

Reconnaissance Drilling

Widely-spaced drilling and trenching have only been done to test a few of the many soil geochemical and geophysical targets that lie outside of the main drill areas at the Klaza property. This step-out drilling and trenching identified new mineralized zones, thereby confirming the effectiveness of soil geochemical and geophysical exploration techniques. The reconnaissance program included twelve Diamond drill holes and five excavator trenches. The best drill result was from the newly discovered Western BYG Zone, which returned 11.22 g/t gold over 1.68 m. This discovery is situated between the gold-rich veins of both the Western BRX and Western Klaza Zones, within the same fault-bounded panel.

Significant results from the reconnaissance holes are shown in the table below. A map showing drill hole locations 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)*
KL-14-159 Pearl 22.86 25.91 3.05 1.52 8.61 1.69
and 215.15 215.80 0.65 2.23 23.8 2.71
KL-14-162 Pearl 38.35 40.08 1.73 2.00 7.27 2.15
and 52.25 52.70 0.45 2.94 64.0 4.22
KL-14-224 Western BYG 17.89 19.57 1.68 11.22 10.6 11.44
and Western Klaza 251.50 254.53 3.03 0.59 24.5 1.08
incl. 251.50 252.07 0.57 1.72 104 3.80
KL-14-231 unnamed 133.25 133.91 0.66 4.31 15.7 4.62
KL-14-232 unnamed 48.36 49.69 1.33 2.29 38.8 3.07
and Herc 196.41 196.66 0.25 8.06 175 11.56
and 204.14 204.69 0.55 6.75 25.4 7.26
KL-14-234 Pearl 97.28 99.85 2.57 2.09 5.68 2.21
and 128.79 129.20 0.41 5.97 13.6 6.24
and 263.86 264.26 0.40 4.20 15.8 4.52
KL-14-239 unnamed 239.22 240.26 1.04 3.68 20.9 4.10
+ Represents the Diamond drill hole 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.

Geophysical Surveys

The nine main mineralized structures identified on the property to date are associated with coincident magnetic and electro-magnetic (VLF-EM) geophysical anomalies. Magnetic lows result from localized destruction of magnetite in host rocks adjacent to veins, which occurred when mineralizing hydrothermal fluids flowed along the vein structures. Both the veins and the alteration envelope surrounding them typically have much lower magnetic response than the unaltered host rocks. Electro-magnetic conductors are mainly indicative of faults and vein zones and typically are strongest where sulphide minerals are abundant and interconnected.

Geophysical surveys at the Klaza property have outlined several linear magnetic lows, many with coincident VLF-EM conductors, along the inferred strike extensions of the known zones and in untested parts of the property. The geophysical results are key exploration guides that are used to direct widely-spaced drilling and trenching. VLF-EM results indicate that the western extension of the Pearl Zone trends into the Central Klaza Zone, which may explain why this area has a higher density of veins than observed elsewhere on the property. The wide distribution and abundance of geophysical anomalies provides enormous exploration potential for future drill programs.

Geophysical maps from recent surveys at Klaza can be viewed at Rockhaven's website at www.rockhavenresources.com.

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 spectroscopy (Au-AA24) and 48 other elements by four acid digestion followed 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

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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