Mining Explorers 2011: Rockhaven Resources Ltd.
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Last updated 11/6/2011 at Noon
RK: TSX-V
Chief Executive Officer: Matthew A. Turner
Chief Operating Officer: Ian J. Talbot
Vice-President of Business Development: Marc G. Blythe, P.Eng.
Rockhaven Resources Ltd. explores for metals and minerals with a particular emphasis on gold, silver and lead.
It currently holds interests in 11 mineral exploration properties, all of which are located in Yukon Territory.
In mid-May, Rockhaven began drilling 12,000 meters of diamond drilling with three rigs as part of its 2011 phase 1 exploration program at the Klaza Property located in the Mt. Nansen gold camp about 50 kilometers (31 miles) west of Carmacks in central Yukon.
The Klaza property hosts four parallel, 5- to 50-meter-wide, structural zones of epithermal-type gold-silver mineralization.
The individual zones have been traced by excavator trenching and drill holes over strike lengths of 500 to 1,000 meters, and all are open to extension.
In addition, Rockhaven conducted 6,000 meters of excavator trenching and detailed soil sampling program concurrently with the 2011 drill program on the main Klaza gold-silver zones.
The company also granted Mill City Gold Corp. an option in May to acquire a 100 percent interest in the Mount Hinton gold property located within the historic Keno Hill Silver District. Rockhaven carried out early-stage exploration at Mount Hinton in 2010 that yielded encouraging results. Mill City advised Rockhaven that it would carry out an excavator trenching program as the initial phase of its 2011 work program on the Mount Hinton property. In December Rockhaven also sold its interest in its several other Yukon properties to Silver Predator Corp.
Cash and short-term deposits: C$ 9.0 million (July 11, 2011)
Working capital: C$8.43 million 8,429,572 (April 30, 2011) (raised C$6 million in May 2011 in private placement)
Market capitalization: C$48.56 million (Sept. 9, 2011)
Suite 1016 - 510 West Hastings St.
Vancouver, B.C., Canada V6B 1L8
Ph: 604 688-2568 Fax: 604 688-2578
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