Rock Haven Resources

Published : September 17th, 2014

Rockhaven Resources Ltd. Outlines Second High-Grade Au and Ag Discovery at Klaza Project, Yukon: Drilling Intersects 15.38g/t Au and 741g/t Ag (30.20g/t AuEQ) Over 1.46m at the Western Klaza Zone

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

Rockhaven Resources Ltd. Outlines Second High-Grade Au and Ag Discovery at Klaza Project, Yukon: Drilling Intersects 15.38g/t Au and 741g/t Ag (30.20g/t AuEQ) Over 1.46m at the Western Klaza Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 17, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce results for 22 Diamond drill holes from the Western Klaza Zone at its 100%-owned and road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The Western Klaza Zone represents a second high-grade discovery that is situated 1000 m northeast of the Western BRX Zone, the primary target of the 2014 drilling program where numerous high-grade gold and silver intercepts have been reported (see Rockhaven News Releases dated July 15, July 22 and July 29, 2014). Trenching and drilling on the Western Klaza Zone have successfully delineated areas of high-grade gold and silver mineralization over a 500 m strike length and from surface to a maximum depth of 250 m.

Highlights from recent drill holes testing the Western Klaza Zone are as follows:

  • 25.3 g/t gold and 637 g/t silver (38.04 g/t gold EQ*) over 0.96 m - Hole 178
  • 20.6 g/t gold and 93.8 g/t silver (22.48 g/t gold EQ) over 1.06 m - Hole 180
  • 14.60 g/t gold and 778 g/t silver (30.16 g/t gold EQ) over 0.82 m - Hole 182
  • 30.90 g/t gold and 5.28 g/t silver (31.01 g/t gold EQ) over 0.66 m - Hole 184
  • 2.56 g/t gold and 757 g/t silver (17.70 g/t gold EQ) over 2.01 m - Hole 206
  • 7.74 g/t gold and 427 g/t silver (16.28 g/t gold EQ) over 1.27 m including 14.35 g/t gold and 1160 g/t silver (37.55 g/t gold EQ) over 0.43 m - Hole 214
  • 15.25 g/t gold and 789 g/t silver (31.03 g/t gold EQ) over 0.78 m - Hole 218
  • 15.38 g/t gold and 741 g/t silver (30.20 g/t gold EQ) over 1.46 m including 33.2 g/t gold and 1625 g/t silver (65.70 g/t gold EQ) over 0.53 m - Hole 220

"The numerous high-grade gold and silver intercepts at the Western Klaza Zone confirm the significant potential for new discoveries at our Klaza project," stated Matt Turner, CEO of Rockhaven Resources. "The strong and increasing gold grades in the deeper holes provide good encouragement to continue testing further to depth in future drill programs."

Western Klaza Zone

The Western Klaza Zone is a linear vein that was extended both along strike and to depth during the 2014 drill program. The zone has now been traced over a 500 m strike length and from surface to a maximum down-dip depth of 250 m. It lies within the same fault panel as the gold-rich veins of the Western BRX Zone, with both zones bounded by the same pair of northeasterly trending cross-faults.

The Western Klaza and Western BRX Zones share many similarities, but mineralogy and geochemistry suggest the Western Klaza Zone was formed in a more distal or higher level part of the hydrothermal system. Gold to silver ratios are increasing at depth in the Western Klaza Zone, and the veins appear to be wider and more distinct than they are near surface.

Significant results from the announced holes that tested the Western Klaza Zone and mineralized secondary structures are shown in the table below. Maps, sections and an expanded assay list, which includes drill results from previous years and includes copper, lead and zinc values, can be viewed at the Company'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-14-176 Klaza 58.61 58.86 0.25 10.25 130 12.85
KL-14-178 Klaza 95.86 97.64 1.78 14.19 353 21.25
incl. 95.86 96.82 0.96 25.30 637 38.04
KL-14-179 Klaza 111.85 112.69 0.84 3.20 149 6.18
KL-14-180 secondary 45.20 46.20 1.00 1.64 361 8.86
and Klaza 249.55 250.61 1.06 20.60 93.8 22.48
KL-14-182 Klaza 183.89 184.71 0.82 14.60 778 30.16
KL-14-184 Klaza 163.62 170.65 7.03 3.55 41.6 4.25
incl. 163.62 163.86 0.24 12.60 1130 35.20
and incl 169.99 170.65 0.66 30.90 5.28 31.01
KL-14-185 secondary 49.30 50.30 1.00 0.66 314 6.94
and Klaza 147.17 149.74 2.57 3.94 270 9.34
incl. 147.17 148.85 1.68 5.20 168 8.56
KL-14-187 secondary 39.82 40.96 1.14 3.13 8.85 3.31
and Klaza 203.30 203.82 0.52 8.35 96.0 10.27
and 212.26 212.52 0.26 5.11 420 13.51
KL-14-189 Klaza 133.45 136.36 2.91 4.35 159 7.53
incl. 133.45 134.39 0.94 5.80 250 10.80
KL-14-190 Klaza 121.08 122.21 1.13 2.84 25.3 3.35
and 140.19 140.55 0.36 6.59 107 8.73
KL-14-201 Klaza 47.05 47.91 0.86 1.90 32.5 2.55
KL-14-204 Klaza 33.22 33.71 0.49 0.59 62.2 1.83
KL-14-206 Klaza 83.70 85.71 2.01 2.56 757 17.70
KL-14-208 secondary 70.12 71.50 1.38 2.62 2.82 2.68
and Klaza 129.38 129.89 0.51 16.45 208 20.61
KL-14-212 Klaza 75.96 76.12 0.16 14.20 872 31.64
and 89.84 90.21 0.37 2.14 244 7.02
KL-14-214 secondary 25.61 26.24 0.63 1.64 145 4.54
and Klaza 72.27 73.54 1.27 7.74 427 16.28
incl. 72.27 72.70 0.43 14.35 1160 37.55
KL-14-216 Klaza 55.74 56.61 0.87 13.92 495 23.82
incl. 55.74 55.93 0.19 49.50 1320 75.90
KL-14-218 Klaza 45.46 49.99 4.53 4.46 176 7.97
incl. 45.46 46.24 0.78 15.25 789 31.03
and incl. 49.69 49.99 0.30 25.10 544 35.98
KL-14-220 BYG 6.00 7.08 1.08 0.13 90.5 1.94
and 12.35 13.30 0.95 1.64 43.5 2.51
and 34.13 35.75 1.62 0.97 18.8 1.34
and Klaza 267.63 270.06 2.43 2.82 61.2 4.05
incl. 269.60 270.06 0.46 9.83 305 15.93
and 277.19 278.65 1.46 15.38 741 30.20
incl. 277.19 277.72 0.53 33.20 1625 65.70
KL-14-221 Klaza 95.28 97.44 2.16 2.18 37.9 2.93
incl. 97.14 97.44 0.30 5.04 227 9.58
+ 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 $1300 per ounce gold and $26.00 per ounce silver, to be consistent with earlier calculations and assumes 100% recoveries of both metals.
KL-14-219 and KL-14-223 did not intersect significant mineralization.
KL-14-224 is a geotechnical hole that was extended to test the Western Klaza Zone structure. Results from this hole are pending.

2014 Exploration Program

The 2014 field program is now complete with over 19,000 m drilled in 104 holes. Drilling focused on delineating areas of high-grade gold and silver mineralization in the BRX and Klaza Zones. Condemnation and geotechnical drilling was also completed in strategic areas to aid in advanced permitting of the Klaza project. Gaps in the numeric sequence of the released holes result because drills were operating in more than one target simultaneously. Assay results from the remaining 57 Diamond drill holes will be released on a target by target basis once assays from each target have been received, compiled and evaluated. A summary of the 2014 Diamond drill program is shown in the following table.

2014 Drill Program Summary
Target Zone Total # of
Holes
Total Metres
Drilled
Total % of
Metres Drilled
Western BRX* 34 7,032.06 36.55
Central BRX 23 2,850.06 14.81
Western Klaza* 23 3,841.64 19.97
Central Klaza 10 2,646.69 13.74
Other 8 1,711.74 8.9
Geotechnical 6 1,159.78 6.03
TOTAL 104 19,241.97 100
* Includes one hole drilled primarily for geotechnical purposes, but was extended to intersect the corresponding zone.

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