Press release from Marketwire
Rockhaven Resources Ltd. Drills 56.4 g/t Gold and 318 g/t Silver (62.76 g/t Gold EQ) Over 1.31 m and 28.9 g/t Gold and 669 g/t Silver (42.28 g/t Gold EQ) Over 1.65 m at Klaza Project, Yukon
Tuesday, July 15, 2014
Rockhaven Resources Ltd. Drills 56.4 g/t Gold and 318 g/t Silver (62.76 g/t Gold EQ) Over 1.31 m and 28.9 g/t Gold and 669 g/t Silver (42.28 g/t Gold EQ) Over 1.65 m at Klaza Project, Yukon08:45 EDT Tuesday, July 15, 2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce results for the first eight drill holes from the 2014 program at its 100%-owned Klaza property located in the Dawson Gold Belt of southern Yukon. The 12,000 m diamond drill program is focused on delineating and expanding areas of high-grade gold and silver mineralization within multiple structural zones that have been identified on the property.
Highlights from the new drill holes testing the Western BRX Zone are as follows:
- 56.4 g/t gold and 318 g/t silver (62.76 g/t gold EQ*) over 1.31 m and 10.6 g/t gold and 32.2 g/t silver (11.24 g/t gold EQ) over 1.41 m - Hole 137
- 40.5 g/t gold and 536 g/t silver (51.22 g/t gold EQ) over 0.63 m - Hole 138
- 29.9 g/t gold and 660 g/t silver (43.10 g/t gold EQ) over 1.10 m - Hole 141
- 6.38 g/t gold and 83.8 g/t silver (8.06 g/t gold EQ) over 2.39 m - Hole 142
- 28.9 g/t gold and 669 g/t silver (42.28 g/t gold EQ) over 1.65 m - Hole 143
"We are very excited to release some of the best results from the property to date, with six intercepts from the first eight drill holes assaying greater than 40 g/t gold equivalent," stated Matt Turner, CEO of Rockhaven Resources. "These high-grade results continue to increase our confidence in the continuity and potential of the Western BRX Zone, which was only broadly outlined by previous trenching and drilling programs. Drilling is proceeding ahead of schedule and on budget with 35 holes having been successfully completed at the Western BRX and Western Klaza Zones to further evaluate these exceptional targets."
Western BRX Zone
The Western BRX Zone is the main target of the 2014 diamond drill program. It is a 750 m long, linear structure hosting high-grade gold and silver veins emplaced alongside or in close proximity to a feldspar porphyry dyke. Systematic infill and step-out diamond drilling in 2014 at the Western BRX Zone has further confirmed the continuity of the structure while delineating areas of high-grade gold and silver mineralization. The eight holes reported in this release have tested a 275 m section of this 750 m long zone and demonstrate the potential of this target.
Significant results including mineralized secondary structures are shown in the table below.
|Drill Hole||Zone ID||
|+ 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-14-136 returned poor core recovery from the BRX structural zone, KL-14-139 appears to have intersected an unmineralized cross-fault that off-sets the BRX structural zone, and KL-14-140 did not return significant results but check samples are pending.|
Drilling and trenching at the road-accessible Klaza property since 2010 have identified nine main mineralized structural zones and numerous subsidiary structures within a 2,000 by 4,000 m corridor. Individually, the main zones range from 1 to 75 m in width and are continuously mineralized over strike lengths of 250 to 2,400 m. The zones have been traced over a cumulative strike length of 9,400 m and all remain open for expansion along strike and to depth.
Maps, sections and an expanded assay list which includes copper, lead and zinc values for the significant intervals can be viewed at the Company's website at www.rockhavenresources.com. Additional results from the 2014 exploration program at Klaza will be released once assays are received, compiled and evaluated.
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 is 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rockhaven Resources Ltd.
Matthew Turner, CEO and Director