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Rockhaven Resources Ltd. Options Out Mount Hinton Property to Mill City Gold Corp.
Published : April 12, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) - Rockhaven Resources Ltd. (News - Market indicators) ("Rockhaven") announces that it has entered into an option agreement with Mill City Gold Corp. (TSX VENTURE:MC) ("Mill City"), under which Mill City has been granted the right to acquire a 100% interest in the Mount Hinton property. The property is located in the Keno Hill mining camp in central Yukon Territory and hosts gold-silver-lead mineralization within steeply dipping vein structures.

Under the terms of the agreement, Mill City can exercise the option by: (i) paying Rockhaven a cash payment of $200,000 and issuing to Rockhaven that number of Mill City shares equal to 19.9% of issued Mill City common shares immediately upon regulatory approval; and (ii) making staged cash payments totalling $4.96 million by December 31, 2014, half of which can be paid by the issuance of Mill City shares. The option agreement is subject to the approval of the TSX Venture Exchange.

Rockhaven has retained a 2% net smelter return royalty in any commercial production of precious and base metals from the property. During the option exercise period, Rockhaven will also have the optional right to maintain its 19.9% shareholding by participating in Mill City equity financings.

Rockhaven currently holds its interest in the Mount Hinton property under option from an arm's length exploration syndicate (see Rockhaven news release dated March 8, 2010). In order to exercise its option to acquire a 100% interest in the property, Rockhaven is required to make a final cash payment of $166,000 to the syndicate by March 1, 2012. In a private transaction completed in February of 2011, Rockhaven purchased an underlying third-party royalty interest. Other than Rockhaven's 2% royalty disclosed above, the property is royalty free.

The Mount Hinton property is situated within the eastern part of the Keno Hill mining camp, a district that hosts more than 35 individual mines and is historically Canada's second largest primary silver producer. Although silver mineralization is found in veins on the Mount Hinton property, gold is the most significant component in many of the 72 bedrock showings and float occurrences that have been discovered on the property by previous operators. Creeks draining the property have yielded significant placer gold production and are still being mined.

The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.

For additional information concerning Rockhaven Resources Ltd. or its Klaza gold-silver project please visit the Company's website at www.rockhavenresources.com.

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Rockhaven are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Rockhaven are those risks described herein and from time to time, in the filings made by Rockhaven with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.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.

Rockhaven Resources Ltd.
Matthew Turner
CEO
604-688-2568
mturner@nordacres.com
www.rockhavenresources.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Rock Haven Resources

EXPLORATEUR
CODE : RK.V
ISIN : CA77340P1018
Suivi et investissement
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Rock Haven est une société d’exploration minière d'or et d'argent basée au Canada.

Rock Haven détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont KLAZA, PLATA PROJECT, ZAP SILVER et GROUNDHOG CREEK SILVER au Canada.

Rock Haven est cotée au Canada. Sa capitalisation boursière aujourd'hui est 8,0 millions CA$ (5,9 millions US$, 5,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 06 mai 2011 à 1,71 CA$, et son plus bas niveau récent le 15 septembre 2023 à 0,05 CA$.

Rock Haven possède 133 500 000 actions en circulation.

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Financements de Rock Haven Resources
08/06/2016Closes First Tranche of Private Placement
25/03/2015Closes $4,410,000 Financing
20/03/2015Announces $4,410,000 Financing
27/06/2013Closes $500,000 Flow-Through Share Private Placement
27/06/2013Closes $500,000 Flow-Through Share Private Placement
14/09/2012Closes $2,166,000 Flow-Through Share Private Placement
Nominations de Rock Haven Resources
02/12/2009Appointment of Officer and Portable Mill Acquisition
Projets de Rock Haven Resources
10/08/2016(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...
02/10/2012(Klaza)Drills 5.78 g/t Gold and 111 g/t Silver (8.00 g/t Gold Eq) O...
11/07/2011(Klaza)Announces Exploration Update Klaza Gold-Silver Project-Yukon
18/05/2011(Klaza)Announces 2011 Exploration Commences at Klaza Gold Silver Pr...
30/11/2009(Groundhog Creek Silver)Positive Gold Results from its Groundhog Property
14/10/2009(Plata Project)Announces promising silver values from trenches at its Plata...
24/09/2009(Plata Project) Positive Drill Results
21/07/2009(Plata Project)Begins 2009 Drilling
13/11/2008(Plata Project)Announces 2008 Exploration Results
05/06/2008(Plata Project)Begins 50+ Diamond Drill Program at the Past Producing Plat...
Communiqués de Presse de Rock Haven Resources
29/06/2016June 29th, 2016 - Rockhaven Closes Final Tranche of Private ...
08/06/2016June 8th, 2016 - Rockhaven Closes First Tranche of Private P...
18/05/2016May 18th, 2016 - Rockhaven Announces Financing and 8,000 m D...
23/01/2016January 22nd, 2016 - Rockhaven Resources Ltd. Files Klaza Pr...
12/08/2015Rockhaven Drills 11.28 g/t Gold, 75.9 g/t Silver and 7.37% Z...
11/08/2015Rockhaven and Little Salmon Carmacks First Nation Sign Klaza...
22/07/2015Rockhaven Resources Ltd. Announces 95% Gold Recovery in Lock...
14/07/2015Rockhaven Triples Size of Its Flagship Klaza Project to 25,0...
25/03/2015Rockhaven Resources Ltd. Closes $4,410,000 Financing
20/03/2015Rockhaven Announces $4,410,000 Financing
26/01/2015IIROC Trading Resumption - RK; DVI
26/01/2015Rockhaven Announces Initial Inferred Resource Estimate of 94...
26/01/2015IIROC Trading Halt - RK
13/11/2014Rockhaven Resources Ltd. Appoints Dr. Jeremy Richards as Tec...
06/11/2014Rockhaven Discovers 225 g/t Gold on Its Kluane Property, Sou...
22/10/2014Rockhaven Announces Exceptional Results from Deep Step-Out D...
16/10/2014Rockhaven Resources Ltd. Drills 11.22 g/t Gold Over 1.68 m i...
08/10/2014Rockhaven Resources Ltd. Expands Third High-Grade Discovery ...
06/10/2014Rockhaven Resources Ltd. Drills 27.80 g/t Gold and 656 g/t S...
17/09/2014Rockhaven Resources Ltd. Outlines Second High-Grade Au and A...
30/07/2014Rockhaven Resources Ltd. Announces Warrant Exercise and 9,00...
29/07/2014Rockhaven Resources Ltd. Drills 66.20 g/t Gold and 403 g/t S...
25/07/2014Rockhaven Resources Ltd. Announces Amended Warrants
22/07/2014Rockhaven Resources Ltd. Continues to Intersect High-Grade G...
15/07/2014Rockhaven Resources Ltd. Drills 56.4 g/t Gold and 318 g/t Si...
09/06/2014Rockhaven Resources Ltd. Commences 12,000 m Diamond Drill Pr...
08/10/2013Announces BRX Zone Trench Grading 71.4 g/t Gold and 1,310 g/...
03/10/2013Discovers New Gold-Silver Zone Grading 28.2 g/t Gold and 359...
24/09/2013Announces Trench Grading 5.61 g/t Gold and 300 g/t Silver (1...
13/06/2013(Klaza)Announces 2013 Exploration Plans at Klaza Project and Flow-T...
16/04/2013Adopts Advance Notice Policy for Director Nominations
10/12/2012Announces Appointment of New Chief Financial Officer and the...
10/12/2012Announces Appointment of New Chief Financial Officer and the...
14/11/2012Continues to Step Out and Intersects 6.86 g/t Gold and 153 g...
01/11/2012(Klaza)Drills 11.30 g/t Gold and 233 g/t Silver (16.0 g/t Gold Eq) ...
23/06/2011Updates Its Mill City Gold Corp. Transaction
28/04/2011Announces $6.0 Million Private Placement
12/04/2011Options Out Mount Hinton Property to Mill City Gold Corp.
16/02/2011Discovers Large Gold-In-Soil Targets at Mount Hinton, Yukon
11/06/2010Annnounces 2010 Exploration Plans
08/03/2010Acquires Mt Hinton Property in Keno Hill District Yukon
21/10/2009 New Vein Discovery At Its Ruby Range Project
18/06/2009Acquires Three New Gold Properties in Yukon
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