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Rockhaven Resources Ltd.

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Summary

Project:

Klaza

Deposit:Klaza
Location:Canada
Commodities:Gold-Silver-Lead-Zinc
Date:1/16/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Feasibility Study
Report details:16-1-2020: Rockhaven Resources Ltd. announces an Exploration/Drilling Update report for its Klaza deposit at the Klaza project. Drilling results incl. 0.69m @ 19.40g/t Au, 240.0g/t Ag, 0.16^ Pb, 0.04% Zn from 28.31m. January 16, 2020 - Rockhaven Resources
Resources:(Resource): 4.5Mt @ 4.8g/t Au, 98g/t Ag (Ind) and 5.7Mt @ 2.8g/t Au, 76g/t Ag (Inf)
CP/QP:[Overall Report]: Matthew Dumala (Archer, Cathro & Associates (1981) Ltd.)
ABSTRACT:January 16, 2020 - Rockhaven Resources Ltd. (TSX-V: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.

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