Coeur agrees to invest in Yukon gold explorer

Rockhaven Resources Ltd. Feb. 24 said Coeur Mining Inc. has agreed to invest C$675,000 to acquire 3.75 million Rockhaven shares at C18 cents each.

Rockhaven's primary asset is Klaza, a southern Yukon project about 225 miles (360 kilometers) north of Coeur's Kensington gold mine in Alaska.

Klaza hosts a deposit with 9.42 million metric tons of inferred resource grading 4.48 grams per metric ton (1.36 million ounces) gold, 89.02 g/t (26.96 million oz) silver, 0.75 percent (155.4 million pounds) lead and 0.95 percent (197.8 million lbs) zinc.

A preliminary economic assessment completed for Klaza in 2016 and Rockhaven is focused on additional metallurgical work and engineering work that will further improve the positive PEA.

"We look forward to working with Coeur's technical team as we continue to advance the metallurgical and engineering facets of the Klaza project," said Rockhaven President and CEO Matt Turner.

-SHANE LASLEY