The Conversation (0)
Jan. 29, 2015 12:40PM PST
Geologist Wayne Hewgill weighs in on Rockhaven Resources. In November 2011, the company announced results from a new zone of high-grade gold-silver veins and breccia on its 100-percent-owned Klaza project in the Yukon Dawson Range.
The “Drill Tracker” highlights early stage drilling and trenching results, giving a metric to evaluate exploration results and compare them against their peer group. In this report we highlight a dozen exploration companies displaying their projects in the Core Shack at the AME BC Roundup held in Vancouver between January 26 and 29, 2014.
Rockhaven Resources (TSXV:RK)
Price: $0.195
Market cap: $16.3 million
Cash estimate: $0.75
Project: Klaza
Country: Yukon, Canada
Ownership: 100 percent
- In November 2011, Rockhaven announced results from a new zone of high-grade gold-silver veins and breccia on its 100-percent-owned Klaza project in the Yukon Dawson Range. The results were a turning point for the project, which had previously been looked at as a lower-grade bulk tonnage target.
- Highlights from post-2011 drilling include:
- Discovery hole: 1.22 meters at 34 g/t gold and 298 g/t silver
- 3 meters at 26.71 g/t gold and 172 g/t silver
- 1 meter at 66.2 g/t gold and 403 g/t silver
- 3.2 meters at 22.43 g/t gold and 245 g/t silver
- 1.37 meters at 16.29 g/t gold and 1,435 g/t silver (500-meter intercept down dip)
- While the mineralized intervals on the Klaza property are narrow, the high-grade zones have been consistently intersected in nine known mineralized zones with a cumulative strike length of 9.4 kilometers. In October 2014, the company announced a deep step-out hole 500 meters down dip that returned significantly higher-than-average lead–zinc values, along with high-grade gold and silver. The 1.37-meter interval returned 16.29 g/t gold and 1,435 g/t silver, along with 5.57 percent lead and 6.23 percent zinc.
- The Klaza project is road accessible on a two-wheel-drive road 50 kilometers from Carmacks, Yukon. The area is mining friendly with a number of placer gold deposits.
Project status: Exploration
Resource: N/A
Catalysts: Additional drilling
Disclosure: I, Wayne Hewgill, certify that the information in this report is sourced through public documents that are believed to be reliable, but accuracy and completeness as represented in this report cannot be guaranteed. The author has not received payment from any of the companies covered in this report.
At the date of this release the author, Wayne Hewgill, owns shares in the following companies:
This report makes not recommendations to buy sell or hold.
Wayne Hewgill is a geologist with extensive knowledge of the global mining industry gained through 30 years of diversified experience in mineral exploration and new business development in Canada, as well as 10 years living in Africa, New Zealand and Australia. He was previously senior research officer at BHP Billiton, an executive with an exploration company working in Argentina and a mining analyst at three Vancouver-based financial groups where he developed the Drill Tracker database in 2006. He holds a B.Sc. in Geology from the University of British Columbia and is registered as a Professional Geoscientist (P.Geo) with APEGBC.
