Rockhaven finds new mineralized structures at Yukon gold project

Geologists logging diamond drill core at Rockhaven's Klaza Project in the Yukon. Source: Rockhaven Resources Ltd.

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By Peter Kennedy

Geologists logging diamond drill core at Rockhaven’s Klaza Project in the Yukon. Source: Rockhaven Resources Ltd.

Rockhaven Resources Ltd. [RK-TSXV] said exploration drilling has resulted in the discovery of multiple new mineralized structures at the company’s 100%-owned Klaza gold-silver property located in the Dawson Range Gold Belt in Canada’s southern Yukon Territory.

A total of 15,922 metres in 96 holes were completed during the 2017 exploration program. On December 4, 2017, the company issued a press release containing results of the final seven holes as well as from other exploration activities conducted during the reconnaissance phase of the program.

Results outlined in the release are from diamond drilling, excavator trenching, soil sampling and ground geophysical surveys that were designed to evaluate prospective areas of the Klaza property, which lie outside the known mineral resource areas.

The company said the program successfully identified seven new mineralized zones and a number of geochemical and geophysical anomalies which, it said, are priority targets for follow-up drilling in 2018.

The Klaza Project is host to one of the highest grade gold deposits ever discovered in the Yukon. Having spent $30 million on exploration to date, the company has outlined 1.36 million ounces of gold, grading 4.48 g/t and 26 million ounces of silver at 89 g/t in the inferred resource category.

In addition to its 100% stake in Klaza, Rockhaven controls over 250 km2 of prospective land within the district.

In the December 4 press release, the company said new mineralized veins were discovered in a single fence completed north of the current resource areas, returning 1.16 g/t gold and 18.7 g/t silver over 10.12 metres, 12.60 g/t gold and 312 g/t silver over 46 metres, 9.43 g/t gold and 180 g/t silver over 0.86 metres and 5.63 g/t gold and 91.4 g/t silver over 0.94 metres.

Trenching and prospecting samples collected at the Victoria Target southeast of the newly discovered veins returned a chip sample that assayed 4.95 g/t gold and 135 g/t silver over 1.5 metres and rock samples with peak values of 35.3 g/t gold and 1,145 g/t silver.

“We are very excited by the discovery of multiple mineralized structures north of the Klaza Zone and consider these structures high priority targets for diamond drilling in 2018,” said Rochhaven CEO Matt Turner.

“These new structures are located within 500 metres of the currently envisioned open pit and are similar in character to the known zones that host the current inferred source of  1,360,000 gold ounces,” he said.

On December 4, Rockhaven shares rose 11% to 15 cents.

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