Rock Haven Resources

Published : November 16th, 2017

Rockhaven Resources Ltd. Intersects 56.18 g/t Gold and 290 g/t Silver over 1.19 m and 23.70 g/t Gold and 652 g/t Silver over 1.74 m at Klaza Project, Yukon

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Rockhaven Resources Ltd. Intersects 56.18 g/t Gold and 290 g/t Silver over 1.19 m and 23.70 g/t Gold and 652 g/t Silver over 1.74 m at Klaza Project, Yukon

VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Rockhaven Resources Ltd. (RK.V) ("Rockhaven") is pleased to announce assay results for an additional 18 Diamond drill holes from the 2017 exploration program at its 100% owned Klaza gold-silver property, located in the Dawson Range Gold Belt of southern Yukon.

A total of 15,922 m of drilling in 96 holes were completed during the 2017 exploration program.  Holes in this release comprise the remaining holes that tested the Western and Central BRX zones, where infill drilling in 2017 has better defined near-surface mineralization so that inferred resources can be upgraded to indicated resources.

Assay highlights from this news release include:

  • 56.18 g/t gold, 290 g/t silver, 1.44% lead and 1.63% zinc over 1.19 m – Hole 416
  • 23.70 g/t gold, 652 g/t silver, 5.42% lead and 4.04% zinc over 1.74 m – Hole 404
  • 37.21 g/t gold, 402 g/t silver, 1.60% lead and 2.37% zinc over 1.09 m – Hole 422
  • 16.00 g/t gold, 271 g/t silver, 3.26% lead and 1.92% zinc over 2.18 m plus
    5.98 g/t gold, 82.3 g/t silver, 0.91% lead and 1.90% zinc over 2.27 m – Hole 407
  • 7.76 g/t gold, 641 g/t silver, 1.92% lead and 1.37% zinc over 2.16 m – Hole 428
  • 13.81 g/t gold, 113 g/t silver, 0.22% lead and 0.66% zinc over 1.47 m – Hole 413
  • 3.11 g/t gold, 150 g/t silver, 1.94% lead and 0.86% zinc over 7.36 m – Hole 409
  • 29.90 g/t gold, 265 g/t silver, 1.38% lead and 3.51% zinc over 0.52 m – Hole 405

“The drill results at the Western BRX Zone continue to confirm the style and consistency of high-grade gold and silver mineralization and further validates the Western BRX Zone as a truly elite asset,” stated Matt Turner, Rockhaven’s CEO.  “Road accessible mineralization of this calibre is rare in northern Canada and we expect to continue to focus on defining this zone as the Klaza project advances.”

Western BRX Zone

The Western BRX Zone currently hosts an inferred mineral resource estimate of 1,368,000 tonnes containing 352,000 oz gold, 5,813,000 oz silver, 39.4 million lbs lead and 42.8 million lbs zinc at an average grade of 8.01 g/t gold, 132 g/t silver, 1.31% lead and 1.42% zinc (See March 1, 2016 Preliminary Economic Assessment on the Rockhaven website (www.rockhavenresources.com)).

Diamond drill holes have traced mineralization over a 500 m strike length and from surface to a maximum depth of 520 m down-dip.  Maps and sections from the 2017 exploration program can be viewed on the Rockhaven website." data-reactid="26">Mineralized veins are emplaced adjacent to a feldspar porphyry dyke that can be traced along the length of the zone.  Since its discovery in 2011, a total of 9 excavator trenches and 76 Diamond drill holes have traced mineralization over a 500 m strike length and from surface to a maximum depth of 520 m down-dip.  Maps and sections from the 2017 exploration program can be viewed on the Rockhaven website.

Central BRX Zone

The Central BRX Zone is the site of the original discovery at the Klaza property and is situated along strike and to the east of the Western BRX Zone.  These two zones are separated by a cross fault that facilitated both vertical and lateral displacement between the two zones.  Although the orientation and visual nature of the veins are similar on both sides of the fault, mineralization is generally silver dominant in the Central BRX Zone.

Significant new drill results from the BRX Zone and a subsidiary vein in the hanging wall are shown in Table I.

 
Table I – Significant Assay Results 
(Western BRX Zone=WBRX, Central BRX Zone=CBRX and Subsidiary Vein=Bonus)
Drill Hole Zone ID From
(m)
To
(m)
Interval
(m)+
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
KL-17-391 CBRX 174.94 176.41 1.47 1.86 150 1.545 2.012
including CBRX 176.00 176.41 0.41 4.57 481 4.650 5.540
                 
KL-17-393 CBRX 114.00 114.91 0.91 2.00 89.1 0.997 0.760
                 
KL-17-394 CBRX 116.31 117.00 0.69 0.52 44.1 0.432 0.280
                 
KL-17-404 Bonus 65.34 66.02 0.68 9.23 88.1 0.736 0.515
and WBRX 113.82 115.56 1.74 23.70 652 5.424 4.035
                 
KL-17-405 Bonus 154.66 155.12 0.46 6.42 97.6 0.605 2.700
and WBRX 192.23 192.75 0.52 29.90 265 1.380 3.510
                 
KL-17-407 WBRX 174.91 177.18 2.27 5.98 82.3 0.911 1.899
including WBRX 175.58 176.15 0.57 12.70 93.1 1.040 4.100
and WBRX 187.10 189.28 2.18 16.00 271 3.260 1.917
including WBRX 188.10 188.82 0.72 35.00 457 3.420 3.650
                 
KL-17-409 Bonus 149.56 150.00 0.44 2.09 40.9 0.681 0.456
and WBRX 186.84 194.20 7.36 3.11 150 1.940 0.856
including WBRX 190.77 192.40 1.63 5.85 301 3.817 1.452
                 
KL-17-413 WBRX 135.33 136.07 0.74 1.06 23.6 0.120 3.100
and WBRX 139.29 143.68 4.39 4.90 76.1 0.696 1.165
including WBRX 139.29 140.76 1.47 13.81 113 0.220 0.663
                 
KL-17-416 Bonus 71.88 72.24 0.36 1.45 131 1.195 0.318
and WBRX 82.05 84.43 2.38 29.70 158 1.034 1.107
including WBRX 82.05 83.24 1.19 56.18 290 1.438 1.632
                 
KL-17-422 WBRX 50.06 51.15 1.09 37.21 402 1.600 2.369
and WBRX 60.33 61.04 0.71 9.94 762 3.336 2.431
                 
KL-17-423 WBRX 30.01 30.67 0.66 6.27 59.8 0.447 0.871
and WBRX 40.03 40.68 0.65 1.25 3.58 0.038 0.094
                 
KL-17-424 WBRX 46.80 47.57 0.77 2.82 15.6 0.030 0.085
                 
KL-17-426 CBRX 65.70 67.05 1.35 3.13 67.20 0.317 1.181
                 
KL-17-428 CBRX 4.15 4.63 0.48 1.87 38.2 0.421 0.334
and CBRX 55.44 57.60 2.16 7.76 641 1.922 1.367
including CBRX 56.50 56.91 0.41 25.70 1600 2.150 4.030
and CBRX 65.82 66.31 0.49 1.34 83.00 0.407 0.507
                 
KL-17-429 CBRX 50.56 51.66 1.10 3.69 285 1.700 6.478
including CBRX 50.56 50.90 0.34 10.20 372 4.660 18.100
                 
KL-17-431 CBRX 36.34 38.71 2.37 2.52 18.15 0.007 0.018
+ Represents the Diamond drill hole or trench sample length.  True widths are estimated to be approximately 80-90% of the interval.
KL-17-418 and KL-17-420 did not return significant mineralization.
 

Results from the final six holes of 2017, which tested other zones on the Klaza property, will be released shortly.  Results of excavator trenching, prospecting, soil geochemical and geophysical surveys are also pending.

QAQC

All analyses for rock and core samples from the 2017 program were performed by ALS Minerals with sample preparation in North Vancouver, Whitehorse, Yellowknife or Thunder Bay and assays and geochemical analyses in North Vancouver. Core samples were 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 exceeded the detection limits of the routine methods were 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 were in place regarding sample collection, chain of custody and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QAQC screening.

Additional information about the Klaza property Mineral Resource and Preliminary Economic Assessment is summarized in Rockhaven’s March 1, 2016 technical report titled, “Technical Reports and PEA for the Klaza Au-Ag deposit, Yukon Canada for Rockhaven Resources Ltd.” which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com.

The 2017 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.

About Rockhaven

Rockhaven Resources Ltd. is a mineral exploration company focused on growth through the advancement of its Klaza project.  For additional information concerning Rockhaven or its Klaza project please visit Rockhaven’s website at www.rockhavenresources.com

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.


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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$ 5.8 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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