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Rockhaven Resources Ltd
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Close 2015-10-06 C$ 0.14
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Rockhaven drills 2 m of 14 g/t Au, 162 g/t Ag at Klaza

2015-10-07 08:08 ET - News Release

Mr. Matthew Turner reports

ROCKHAVEN REPORTS NUMEROUS HIGH-GRADE GOLD AND SILVER DRILL INTERSECTIONS AT THE WESTERN BRX ZONE, KLAZA PROJECT, YUKON

Rockhaven Resources Ltd. has released results from the BRX zone at its 100-per-cent-owned and road-accessible Klaza property, located in the Dawson Range gold belt of southern Yukon. The recently completed 2015 exploration program focused on expanding the current mineral resource and providing geotechnical and environmental data to advance project engineering.

The results from the 14 diamond drill holes described in this release further delineate areas of high-grade mineralization within and below current resource. These results will be incorporated into an updated resource estimate scheduled for completion later this year. Highlights from the drill holes include:

  • 14.88 grams per tonne (g/t) gold and 162 g/t silver over two m -- hole 271;
  • 18.70 g/t gold and 489 g/t silver over 1.05 m -- hole 264;
  • 9.97 g/t gold and 471 g/t silver over 1.26 m -- hole 274;
  • 15.36 g/t gold and 482 g/t silver over 0.96 m -- hole 256;
  • 5.89 g/t gold and 75.6 g/t silver over 4.43 m -- hole 291.

"The Western BRX zone continues to deliver high-grade gold, silver and base metal assays," stated Matt Turner, chief executive officer of Rockhaven. "With the receipt of these final assays, Rockhaven will now commence an updated resource estimate that will be announced in the next few months."

The associated table lists the highlight intervals and other significant intercepts from the announced holes.

 
                              DRILL RESULTS

Drill hole     From      To   Interval      Gold     Silver      Lead      Zinc
                (m)     (m)        (m)     (g/t)      (g/t)       (%)       (%)

KL-15-254    227.50  227.96       0.46      1.08       45.0     0.184     0.978
and          287.23  288.42       1.19      6.67        143     0.575     1.087
incl.        287.23  288.12       0.89      8.16        174     0.651     1.115
and          293.91  296.01       2.10      3.57       83.9     1.766     0.926
incl.        295.53  296.01       0.48     13.40        325     7.260     3.620
KL-15-256    416.21  419.96       3.75      4.18        159     0.312     1.485
incl.        416.21  416.76       0.55      1.36        207     0.184     8.990
incl.        419.00  419.96       0.96     15.36        482     1.040     0.412
KL-15-260    114.32  114.62       0.30      1.78       8.64     0.097     0.205
and          418.90  419.20       0.30      4.25       19.3     0.235     1.385
and          427.24  427.60       0.36      1.07       1.57     0.019     0.044
and          429.69  430.15       0.46      1.92       10.6     0.166     0.358
and          432.83  433.38       0.55      7.01        554    15.350    10.500
and          438.08  439.88       1.80      3.14       44.3     0.092     0.094
KL-15-264     16.20   16.50       0.30      5.69        2.4     0.008     0.013
and          124.65  124.97       0.32      1.14       11.8     0.094     0.110
and          148.08  148.44       0.36      1.44         15     0.035     0.080
and          158.62  159.67       1.05     18.70        489     0.665     0.564
KL-15-266    155.57  156.23       0.66      5.35        111     1.371     3.306
KL-15-267    221.37  221.88       0.51      3.07       29.8     0.516     0.314
and          225.93  227.15       1.22      1.00       31.4     0.342     0.220
KL-15-268    108.93  109.33       0.40      1.94        172     0.161     0.101
and          118.68  119.32       0.64      4.30        355     2.280     7.020
KL-15-269    199.00  199.89       0.89      1.10       89.2     1.117     0.759
and          209.45  209.75       0.30      0.83       63.5     0.821     0.756
KL-15-271    368.26  368.56       0.30      3.21       13.4     0.247     0.772
and          372.52  373.41       0.89      8.52        374     8.205     4.293
incl.        372.52  372.93       0.41     15.50        655    14.100     6.650
and          378.04  380.04       2.00     14.88        162     0.588     2.118
incl.        378.04  378.34       0.30     21.40        252     2.930    12.950
and incl.    379.39  380.04       0.65     34.90        369     0.336     0.081
and          383.80  384.23       0.43      0.70       17.2     0.179     3.260
KL-15-274    367.65  368.91       1.26      9.97        471     1.762     2.248
incl.        368.47  368.91       0.44     12.75        727     0.539     0.231
and          371.96  372.44       0.48      8.15        107     0.130     0.101
KL-15-276    423.39  424.01       0.62      9.60        173     1.060     4.347
incl.        423.39  423.70       0.31     18.00        318     1.895     7.510
KL-15-279    371.84  372.56       0.72      2.73       0.72     0.006     0.017
and          460.68  461.13       0.45      4.76       85.0     1.650     2.670
KL-15-286    328.81  329.11       0.30      1.01       8.99     0.259     0.437
and          353.49  355.93       2.44      2.55       30.3     0.203     0.451
incl.        355.63  355.93       0.30      8.32        113     0.217     0.508
KL-15-291    330.29  331.77       1.48      4.88       4.85     0.020     0.032
and          381.71  386.14       4.43      5.89       75.6     0.836     0.420
incl.        381.71  382.44       0.73     31.48        135     0.109     0.075
and incl.    385.66  386.14       0.48      1.68        454     7.210     3.080
and          388.31  389.56       1.25      4.02        150     1.105     1.814

Note
True widths are estimated to be approximately 80 to 90 per cent of 
the interval.

Western BRX zone

The Western BRX zone currently hosts an inferred mineral resource estimated at 1.38 million tonnes containing 350,943 ounces gold, 4,763,685 ounces silver, 27,077,143 pounds lead and 32,553,419 pounds zinc at an average grade of 7.91 g/t gold, 107.37 g/t silver, 0.89 per cent lead and 1.07 per cent zinc using a 1.5 g/t gold cut-off (see Klaza property amended technical report dated June 19, 2015, which can be viewed at SEDAR under the Rockhaven profile or on the Rockhaven website). All but three of the announced holes lie beneath the current resource.

Mineralized veins are emplaced adjacent to a feldspar porphyry dike that can be traced along the length of the zone. Since its discovery in 2011, a total of nine excavator trenches and 51 diamond drill holes have traced mineralization over a 500 m strike length and from surface to a maximum depth of 520 m downdip.

Permitting and engineering studies

In 2015, Rockhaven directed a substantial portion of its exploration activities toward collection of environmental and engineering data that will be used in future mining studies and permitting applications. Baseline groundwater and environmental studies included the drilling and installation of five monitoring water wells, four vibrating wire piezometers and one thermistor cable. Packer tests were also completed.

Geotechnical studies included split-tube-oriented core drilling, which was completed on portions of 18 diamond drill holes, and rock strength tests on core taken from various locations within and around the resource areas.

The 2015 field program at the Klaza property consisted of 13,738 m drilled in 56 holes. Maps, sections and core photos can be viewed at the Rockhaven's website.

All analyses for rock and core samples from the 2015 program were performed by ALS Minerals with sample preparation in Whitehorse 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 QA/QC (quality assurance/quality control) screening.

The 2015 program was managed by Archer, Cathro & Associates (1981) Ltd. Technical information in this news release has been approved by Matthew R. Dumala, PEng, a geological engineer with Archer Cathro and qualified person for the purpose of National Instrument 43-101.

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