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/...
July 15 2014 - 7:45AM
Marketwired Canada
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(i)) 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 From To Interval
(m) (m) (m)+
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-136 BRX 58.30 58.80 0.50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-137 secondary 24.42 27.41 2.99
----------------------------------------------------------------------------
and BRX 110.87 112.28 1.41
---------------- ---------------------------------------------
incl. 111.40 111.71 0.31
---------------- ---------------------------------------------
and 125.15 128.10 2.95
---------------- ---------------------------------------------
incl. 125.15 126.46 1.31
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-138 BRX 131.80 132.43 0.63
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-139 secondary 98.05 98.81 0.76
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-141 secondary 109.40 110.35 0.95
----------------------------------------------------------------------------
and BRX 137.21 138.31 1.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-142 BRX 155.13 157.52 2.39
---------------- ---------------------------------------------
incl. 157.16 157.52 0.36
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-143 BRX 118.92 120.20 1.28
---------------- ---------------------------------------------
and 123.40 125.05 1.65
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill Hole Zone ID Gold Silver Gold EQ
(g/t) (g/t) (g/t)(i)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-136 BRX 2.98 12.5 3.23
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-137 secondary 1.92 29.8 2.52
----------------------------------------------------------------------------
and BRX 10.6 32.2 11.24
---------------- ---------------------------------------------
incl. 38.9 107 41.04
---------------- ---------------------------------------------
and 26.9 181 30.52
---------------- ---------------------------------------------
incl. 56.4 318 62.76
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-138 BRX 40.5 536 51.22
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-139 secondary 1.98 13.0 2.24
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-141 secondary 1.84 13.0 2.10
----------------------------------------------------------------------------
and BRX 29.9 660 43.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-142 BRX 6.38 83.8 8.06
---------------- ---------------------------------------------
incl. 39.0 498 48.96
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL-14-143 BRX 2.23 47.0 3.17
---------------- ---------------------------------------------
and 28.9 669 42.28
----------------------------------------------------------------------------
+ Represents the diamond drill hole length. True widths are estimated to be
approximately 80-90% of the interval.
(i)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
604-688-2568
mturner@rockhavenresources.com
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