Resource News

Rockhaven Resources (TSXV:RK) has announced plans for 2016 exploration work at its Klaza gold-silver property in the Yukon. To fund the program, Rockhaven also announced a private placement for proceeds of up to $2.515 million. As quoted in the press release: The proposed work program is scheduled to start in mid-June and will include 8,000 …

Rockhaven Resources (TSXV:RK) has announced plans for 2016 exploration work at its Klaza gold-silver property in the Yukon. To fund the program, Rockhaven also announced a private placement for proceeds of up to $2.515 million.
As quoted in the press release:

The proposed work program is scheduled to start in mid-June and will include 8,000 m of diamond drilling and additional metallurgical test work.
The main objective of the 2016 program is to enhance the Klaza project economics, which were recently reported in a technical report titled “Technical Report and PEA for the Klaza Au-Ag Deposit, Yukon, Canada for Rockhaven Resources Ltd.” (the “PEA”) (See Rockhaven news release and technical report, both dated March 1, 2016*).
The 2016 diamond drilling will utilize two drills and will focus on:

  • Better defining and extending areas of near-surface mineralization, especially within areas that are included in the current mineral resource but are excluded from the proposed mine plan as presented in the PEA;
  • Testing numerous adjacent structures and targets with multi-element soil geochemical and geophysical signatures that are similar to those of the known mineralized zones;
  • Exploring east of the Klaza deposit within an area that has shown promise to host porphyry-style (copper-molybdenum-gold) mineralization associated with a 1600 by 800 m soil geochemical and geophysical anomaly; and,
  • Collecting drill core for metallurgical testing to investigate the possibility of reducing processing costs and lowering cut-off grades through pre-concentration, as recommended in the PEA.

Click here for the full press release.

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