Rockhaven Drills Multiple Mineralized Veins Outside of Klaza Resource Area at its Klaza Gold-Silver Project, Yukon

VANCOUVER, BC / ACCESSWIRE / January 16, 2020 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven") is pleased to announce the final assay results from the 2019 diamond drill program at its 100%-owned and road accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The 2019 program successfully evaluated targets that lie adjacent to the zones containing the 2018 mineral resource estimate. Results in this release are from 24 holes, which were designed to better define the Eastern Zones, and two exploration holes that targeted the nearby Chevron and Dickson zones.

"Exploration peripheral to the plus million ounce Klaza gold-silver deposit continues to return high-grade, near-surface drill results that demonstrate significant resource expansion potential," stated Matt Turner, Rockhaven's CEO. "Additionally, Rockhaven's treasury remains strong with over $2.8 million and an exciting 2020 drill program and updated project economics on the horizon."

Definition drilling was completed in the Eastern portions of the BRX, AEX, Stroshein, and Pika zones, collectively known as the Eastern Zones, where broad bands of fracture-style mineralization flank discrete structures that extend eastward from the known mineral resources. The 2019 drilling focused on the near-surface portions of these structures (from surface to ~125 m depth). Multiple veins were intersected in all of the holes. Gold in sulphide veins within the Eastern Zones is amenable to cyanide leaching, with 81% of the gold recovered to doré. Oxidized near-surface mineralization has not been systematically tested but should yield even better leaching results.

A total of 67 holes have been drilled in the 800 m by 500 m Eastern Zones target area. Mineralization is open for expansion laterally in three directions and to depth.

All of the mineralized veins announced in this news release are outside of the current Klaza mineral resources. Assay highlights from this news release include:

19.40 g/t gold and 240.0 g/t silver over 0.69 m – Hole 460
1.53 g/t gold and 10.2 g/t silver over 7.05 m – Hole 465
0.67 g/t gold and 8.7 g/t silver over 29.40 m – Hole 450
3.43 g/t gold and 20.4 g/t silver over 2.72 m – Hole 451
15.90 g/t gold and 74.6 g/t silver over 0.55 m – Hole 454
8.05 g/t gold and 10.6 g/t silver over 1.09 m – Hole 466
2.52 g/t gold and 111.0 g/t silver over 2.05 m – Hole 447
3.07 g/t gold and 13.7 g/t silver over 2.28 m – Hole 441
11.50 g/t gold and 90 g/t silver over 0.50 m – Hole 435
0.58 g/t gold and 9.2 g/t silver over 19.54 m – Hole 448

The 2019 field program at the Klaza property consisted of 5,750 m drilled in 33 holes. Maps, sections and core photos can be viewed at Rockhaven's website www.rockhavenresources.com. The results from seven holes were previously reported on December 11, 2019. Significant new drill results from the Eastern Zone are shown in Table I below.

Table I: Significant New Drill Intercepts from 2019 Drilling at the Eastern Zones

Drill Hole

From
(m)

To
(m)

Interval
(m)+

Gold
(g/t)

Silver
(g/t)

Lead
(%)

Zinc
(%)

KL-19-435

6.10

9.66

3.56

1.63

21.5

0.16

0.32

and

31.88

32.30

0.42

5.26

72.8

0.25

0.07

and

41.79

42.09

0.30

10.70

15.2

0.08

0.48

and

70.46

70.96

0.50

11.50

90.4

0.07

0.06

and

89.31

89.89

0.58

1.20

9.9

0.05

0.35

and

98.92

99.75

0.83

3.23

106.0

0.13

0.38

and

101.92

102.57

0.65

1.24

4.2

0.01

KL -19-437

30.52

31.07

0.55

1.81

21.4

0.24

0.55

and

33.12

33.75

0.63

1.70

18.0

0.22

0.92

and

64.22

65.00

0.78

1.11

19.6

0.02

0.08

and

102.68

103.12

0.44

3.36

12.6

0.07

0.09

KL -19-438

16.97

17.30

0.33

8.89

516.0

5.39

0.10

and

77.23

77.57

0.34

1.00

93.9

1.34

3.73

and

111.60

111.92

0.32

4.20

19.2

0.22

1.36

and

114.18

114.49

0.31

5.70

226.0

6.20

2.27

KL -19-440

34.92

35.54

0.62

3.66

8.3

0.08

0.71

and

48.54

48.84

0.30

8.74

24.4

0.16

1.52

and

94.35

94.65

0.30

3.58

50.9

0.07

1.52

and

100.77

101.32

0.55

1.60

7.7

0.03

0.08

and

105.16

105.46

0.30

1.83

4.3

0.02

KL -19-441

31.82

32.64

0.82

1.31

60.0

1.39

2.95

and

63.29

65.57

2.28

3.07

13.7

0.08

0.26

incl.

63.29

63.66

0.37

13.85

25.5

0.21

0.27

incl.

65.09

65.57

0.48

3.52

39.4

0.09

0.51

KL -19-442

44.67

45.68

1.01

1.40

12.2

0.08

0.37

and

48.33

48.64

0.31

3.19

44.8

0.85

1.57

and

54.40

54.70

0.30

1.30

11.1

0.01

0.03

and

90.00

90.35

0.35

1.29

0.7

0.01

and

93.34

93.75

0.41

1.32

7.8

0.09

0.22

KL -19-444

36.86

37.26

0.40

1.94

9.1

0.06

0.24

and

52.60

52.90

0.30

1.04

14.8

0.12

0.34

and

88.97

89.27

0.30

1.58

10.2

0.34

0.57

and

96.57

96.90

0.33

1.84

102.0

0.08

0.13

and

118.94

119.26

0.32

3.07

23.8

0.29

1.60

KL -19-445

15.70

16.00

0.30

1.20

3.1

0.07

0.18

and

18.52

18.82

0.30

2.48

17.1

0.03

0.06

and

108.43

108.84

0.41

7.83

66.2

0.21

0.89

and

115.37

115.71

0.34

3.18

42.2

0.22

1.20

and

119.80

120.10

0.30

8.84

6.4

0.03

0.16

KL -19-446

52.00

55.00

3.00

0.70

6.6

0.11

0.15

incl.

52.00

52.60

0.60

1.22

10.9

0.39

0.23

and

127.38

127.68

0.30

3.44

18.2

0.38

1.87

KL -19-447

28.35

28.65

0.30

2.93

7.9

0.18

0.53

and

31.20

31.50

0.30

2.28

18.2

0.92

0.90

and

49.10

51.15

2.05

2.52

111.0

1.00

1.88

incl.

50.60

51.15

0.55

7.18

325.0

3.41

6.29

and

55.84

57.50

1.66

2.61

157.0

0.30

0.25

incl.

57.2

57.50

0.30

8.37

399.0

1.34

1.00

and

84.40

85.00

0.60

1.36

31.8

0.08

0.06

and

118.73

119.18

0.45

1.83

13.0

0.05

0.76

KL -19-448

12.63

13.17

0.54

1.42

23.7

0.96

0.30

and

47.35

47.65

0.30

1.20

24.3

0.22

1.40

and

71.54

71.84

0.30

1.40

8.7

0.26

1.71

and

101.10

101.86

0.76

1.96

37.4

0.44

1.02

and

117.65

137.19

19.54

0.58

9.2

0.14

0.27

incl.

118.50

119.50

1.00

2.87

22.5

0.43

0.78

incl.

127.50

128.60

1.10

1.41

16.2

0.30

0.39

incl.

135.00

136.00

1.00

1.25

14.6

0.18

0.55

incl.

136.50

137.19

0.69

1.04

23.8

0.28

0.53

and

149.85

150.50

0.65

1.30

3.5

0.02

0.01

KL -19-450

73.10

102.50

29.40

0.67

8.7

0.09

0.23

incl.

73.10

74.20

1.10

4.63

66.0

0.98

3.02

incl.

81.50

84.00

2.50

1.21

14.6

0.17

0.24

incl.

92.96

93.72

0.76

4.60

51.1

0.62

1.51

incl.

100.00

102.50

2.50

1.27

6.2

0.03

0.06

KL -19-451

96.20

97.20

1.00

1.98

4.6

0.14

0.22

and

105.20

105.86

0.66

1.18

2.0

0.01

and

115.28

118.00

2.72

3.43

20.4

0.24

3.71

incl.

116.47

117.19

0.72

9.60

36.3

0.16

12.05

KL -19-452

31.87

34.25

2.38

1.47

46.9

1.05

1.76

incl.

31.87

32.40

0.53

4.38

162.0

4.31

6.73

and

96.60

100.40

3.80

1.09

27.4

0.51

1.68

and

158.79

159.25

0.46

2.61

14.1

0.45

0.47

and

165.15

165.90

0.75

2.15

14.9

0.23

0.60

KL -19-453

46.25

46.55

0.30

1.20

3.4

0.04

0.44

and

77.28

77.80

0.52

1.64

26.4

0.48

0.56

and

85.07

85.37

0.30

1.84

11.8

0.06

0.13

and

89.00

90.47

1.47

0.85

92.9

0.15

0.31

and

109.40

111.35

1.95

1.59

83.5

0.24

0.79

incl.

109.40

109.83

0.43

4.33

306.0

0.82

1.28

KL -19-454

84.45

84.85

0.40

1.00

23.0

0.04

0.03

and

99.85

100.40

0.55

15.90

74.6

0.96

2.35

and

146.50

148.30

1.80

1.14

5.0

0.01

KL -19-456

113.75

114.60

0.85

2.21

7.5

0.01

0.02

and

121.40

122.30

0.90

1.34

377.0

1.48

1.54

KL -19-457

17.10

18.40

1.30

1.17

1.4

0.01

0.03

and

23.70

26.20

2.50

1.88

6.2

0.02

0.13

incl.

23.70

24.40

0.70

4.70

3.4

0.03

0.13

and

31.25

32.00

0.75

4.17

68.9

0.06

0.05

and

85.00

86.26

1.26

1.24

17.4

0.14

0.64

and

99.27

100.05

0.78

2.49

5.4

0.01

0.03

and

103.73

104.14

0.41

1.54

9.9

0.03

0.02

and

105.60

106.30

0.70

1.11

2.9

0.01

KL -19-458

88.33

88.66

0.33

5.41

39.8

0.34

0.10

and

108.95

109.33

0.38

1.87

5.0

0.02

0.03

and

125.81

126.35

0.54

1.00

9.0

0.09

0.58

KL -19-460

28.31

29.00

0.69

19.40

240.0

0.16

0.04

and

49.50

50.30

0.80

3.53

2.9

0.00

0.01

and

69.40

70.00

0.60

1.94

22.3

0.03

and

83.82

84.25

0.43

10.75

51.8

0.21

1.48

KL -19-461

25.50

26.30

0.80

1.20

36.4

0.06

0.08

and

59.75

60.10

0.35

2.17

23.8

0.03

0.01

and

71.70

73.20

1.50

4.04

3.2

0.00

0.01

and

95.90

96.39

0.49

2.19

13.0

0.12

0.30

KL -19-463

43.00

44.50

1.50

3.38

5.0

0.01

and

51.15

53.70

2.55

1.95

11.5

0.02

0.03

incl.

51.15

51.45

0.30

13.30

57.6

0.07

0.10

and

80.00

82.80

2.80

2.26

0.9

0.01

incl.

80.00

80.30

0.30

19.05

4.8

0.01

and

99.35

99.65

0.30

2.05

16.8

0.05

0.07

and

104.05

106.25

2.20

1.25

9.3

0.04

0.08

and

108.30

109.00

0.70

1.10

17.0

0.02

KL -19-464

27.90

28.48

0.58

3.89

225.0

0.36

0.15

and

62.80

63.10

0.30

1.19

26.8

0.06

0.07

and

91.40

93.65

2.25

1.53

3.5

0.03

0.07

incl.

93.35

93.65

0.30

7.33

9.8

0.09

0.23

and

125.80

127.25

1.45

2.35

397.0

0.85

1.38

incl.

126.42

127.25

0.83

3.64

691.0

1.47

2.36

KL -19-466

6.91

8.00

1.09

8.50

10.6

0.37

0.58

and

14.65

15.38

0.73

1.10

17.2

0.48

1.51

and

25.34

26.00

0.66

1.10

50.5

1.00

2.47

and

29.00

29.63

0.63

1.06

8.1

0.35

0.16

and

68.55

69.44

0.89

1.10

10.1

0.07

+ Represents the diamond drill hole core length. True widths are estimated to be approximately 80-90% of the interval.

Two drill holes tested the eastern projections of the Chevron and Dickson zones, located 500 m south of the Klaza mineral resource area. Drilling successfully expanded these zones to the east, where mineralization appears to be similar in nature to that in the Eastern Zones. Significant drill results from these two exploration holes are shown in Table II below.

Table II: Significant New Drill Intercepts from 2019 Drilling at the Chevron and Dickson Zones

Drill Hole

From
(m)

To
(m)

Interval
(m)+

Gold
(g/t)

Silver
(g/t)

Lead
(%)

Zinc
(%)

KL -19-465

74.63

81.68

7.05

1.53

10.2

0.07

0.16

incl.

74.63

74.93

0.30

11.40

48.2

0.36

3.32

incl.

80.35

81.68

1.33

4.15

23.1

0.03

0.02

and

128.43

128.79

0.36

1.00

81.8

1.34

1.28

KL -19-467

6.75

7.45

0.70

1.18

8.6

0.01

0.06

and

24.38

24.72

0.34

2.47

257.0

0.29

1.17

and

55.15

57.30

2.15

1.56

8.0

0.12

0.33

and

89.27

90.00

0.73

3.72

18.0

0.01

and

96.20

96.82

0.62

1.24

38.5

2.15

1.39

and

102.56

103.18

0.62

1.07

36.8

0.02

0.07

and

124.58

125.08

0.50

6.49

17.8

0.25

0.61

and

149.92

150.74

0.82

1.20

2.6

0.01

0.03

+ Represents the diamond drill hole core length. True widths are estimated to be approximately 80-90% of the interval.

Qualified Persons

Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Rockhaven

Rockhaven Resources Ltd. is a mineral exploration company focused on growth through the advancement of its Klaza project. The Klaza project host a resource estimate which includes indicated resources of 4.5 Mt containing 686,000 oz gold and 14,071,000 oz silver at grades of 4.8 g/t gold and 98 g/t silver, and inferred resources of 5.7 Mt containing 507,000 oz gold and 13,901,000 oz silver at grades of 2.8 g/t gold and 76 g/t silver (see Klaza Property Technical Report dated August 2, 2018). For additional information concerning Rockhaven or its Klaza project please visit Rockhaven's website at www.rockhavenresources.com.

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
mturner@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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Rockhaven Resources Ltd.

ReleaseID: 573252

Go Top