The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
RK: TSX.V
Chief Executive Officer: Matthew Turner
President: Rob Carne
Chief Operating Officer: Ian Talbot
Rockhaven Resources Ltd. released a steady stream of high-grade gold and silver assays from drilling at the Western BRX zone of its Klaza property in southern Yukon Territory over the 2014 field season.
As a result of raising an additional C$1.245 million through an exercise of warrants at the end of July, Rockhaven increased it originally planned 12,000-meter drill program at Klaza to 21,000 meters.
The Western BRX zone consists of three linear vein structures, which have been traced over a 750-meter-long strike and from surface to a depth of 400 meters.
Rockhaven said 23 of the 25 holes from which the company received assay results through the end of July have tested a 580-meter section of strike.
Highlights from this drilling at Western BRX include: 6.4 grams per metric ton gold and 318 g/t silver over 1.31 meters and 10.6 g/t gold and 32.2 g/t silver over 1.41 meters in hole 137; 28.9 g/t gold and 669 g/t silver over 1.65 meters in hole 143; 26.8 grams per metric ton gold and 705 g/t silver over 0.84 meters, and 29.3 g/t gold and 36.8 g/t silver over 1.01 meters in hole 144; 26.71 grams per metric ton gold and 172 g/t silver over 2.98 meters in hole 150; 22.43 g/t gold and 245 g/t silver over 3.21 meters in hole 151; and 66.2 g/t gold and 403 g/t silver over 1.00 meter in hole 154.
Situated, 1,000 meters northeast of the Western BRX Zone, Western Klaza represents another high-grade gold-silver discovery.
Highlights from 2014 drilling at Western Klaza are: 25.3 g/t gold and 637 g/t silver over 0.96 meters in hole 178; 20.6 g/t gold and 93.8 g/t silver over 1.06 meters in hole 180; 14.60 g/t gold and 778 g/t silver over 0.82 meters in hole 182; 15.25 g/t gold and 789 g/t silver over 0.78 meters in hole 218; and 15.38 g/t gold and 741 g/t silver over 1.46 meters in hole 220.
The BRX and Klaza zones, of which Western BRX and Western Klaza are extensions, are two of nine main mineralized structural zones and numerous subsidiary structures identified within a 2,000- by 4,000-meters corridor Klaza property.
If lined up end to end, the strike of these parallel zones has been traced for over 9,400 meters.
Rockhaven said all of the zones are open for expansion along strike and to depth.
Located in an active placer gold mining district about 50 kilometers (30 miles) west of Carmacks, Klaza is accessible by road.
In addition to Klaza, Rockhaven owns the Mount Hinton property in the Keno Hill silver camp, the Plata silver-gold-lead-zinc property in eastern Yukon and the Ruby Range gold projects in the southwestern part of the territory.
Strategic Metals Ltd, Rockhaven's largest shareholder, holds 27,377,500 Rockhaven shares, representing 32.68 percent of the 83,783,334 shares issued at the end of July.
In addition, W. Douglas Eaton, the president and chief executive officer of Strategic holds, directly and indirectly, 11,452,500 Rockhaven shares, representing 13.67 percent of the issued shares.
Cash and short-term deposits: C$3.66 million (July 31, 2014)
Working capital: C$3.04 million (July 31, 2014)
Market capitalization: C$18.44 million (Sept. 30, 2014)
Suite 1016 - 510 West Hastings Street
Vancouver, BC
Canada V6B 1L8
Tel: 604-688-2568
Fax: 604-688-2578
Reader Comments(0)